Cresud director sells 10,000 shares at $1.10

CRESUD INC (CRESY) reported that director Fernando Adrian Elsztain sold 10,000 Common Shares on August 20, 2026, in a sale classified as an open-market or private transaction.

Rhea-AI Filing Summary

CRESUD INC (CRESY) reported that director Fernando Adrian Elsztain sold 10,000 Common Shares on August 20, 2026, in a sale classified as an open-market or private transaction. The shares were sold at a reported price of USD 1.10 per share, leaving him with 625,736 Common Shares held directly after the transaction.

According to the accompanying note, the USD price reflects the equivalent of ARS 1,733.26 per ordinary share, based on an implied exchange rate of 1,579.23 ARS per 1.00 USD. This rate was derived from the closing price of the company’s American Depositary Shares on the NYSE and the underlying ordinary shares on BYMA, using a ratio of 10 ordinary shares per 1 ADS. The filing does not indicate that the transaction was made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 1 txn

Insider Elsztain Fernando Adrian

Role Director

Sold 10,000 shs ($11K)

Type	Security	Shares	Price	Value
Sale	Common Shares F1	10,000	$1.10	$11K

Holdings After Transaction: Common Shares — 625,736 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,733.26 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,579.23 ARS per 1.00 USD, resulting in a reported price of USD 1.10 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on August 20, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

Key Figures

Shares sold: 10,000 Common Shares Sale price per share: USD 1.10 per ordinary share Shares owned after transaction: 625,736 Common Shares +3 more

6 metrics

Shares sold 10,000 Common Shares Sale by director Fernando Adrian Elsztain on August 20, 2026

Sale price per share USD 1.10 per ordinary share Reported transaction price for the 10,000 Common Shares sold

Shares owned after transaction 625,736 Common Shares Direct ownership by Fernando Adrian Elsztain following the sale

ARS price per ordinary share ARS 1,733.26 per ordinary share Local-currency price used to derive the reported USD 1.10 per share

Implied exchange rate 1,579.23 ARS per 1.00 USD Rate used to convert ARS 1,733.26 per share into USD 1.10

ADS to ordinary share ratio 10 ordinary shares per 1 ADS Ratio used to relate NYSE ADS price to BYMA ordinary share price

Key Terms

American Depositary Shares, implied exchange rate, Bolsas y Mercados Argentinos (BYMA)

3 terms

American Depositary Shares financial

"derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

implied exchange rate financial

"This equivalent is calculated based on an implied exchange rate of 1,579.23 ARS per 1.00 USD"

Bolsas y Mercados Argentinos (BYMA) financial

"relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA)"

FAQ

What insider transaction did CRESY disclose in this Form 4?

CRESUD INC (CRESY) disclosed that director Fernando Adrian Elsztain sold 10,000 Common Shares on August 20, 2026. The transaction is categorized as a sale in an open market or private transaction, and his holdings after the sale totaled 625,736 Common Shares directly owned.

At what price were the CRESY shares sold in this Form 4?

The 10,000 CRESUD INC (CRESY) Common Shares were sold at a reported price of USD 1.10 per share. A footnote explains this price is the U.S. dollar equivalent of ARS 1,733.26 per ordinary share using an implied exchange rate of 1,579.23 ARS per 1.00 USD.

How many CRESY shares does the insider hold after this transaction?

After the reported sale, director Fernando Adrian Elsztain holds 625,736 Common Shares of CRESUD INC (CRESY) as a direct ownership position. This post-transaction holding figure is provided in the Form 4’s ownership table for the non-derivative securities.

Was the CRESY insider sale made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating the sale was made pursuant to a Rule 10b5-1 trading plan. The transaction is therefore reported without an associated pre-arranged trading plan designation.

How was the CRESY share price translated from ARS to USD in this filing?

The note explains that ARS 1,733.26 per ordinary share was converted to USD 1.10 per ordinary share using an implied exchange rate of 1,579.23 ARS per 1.00 USD, derived from the closing price of CRESUD’s ADS on the NYSE and the underlying ordinary shares on BYMA.

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Available on EDGAR 08/21/2026 - 12:18 PM Accepted by SEC EDGAR 08/21/2026 - 12:18 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Elsztain Fernando Adrian

(Last) (First) (Middle)

CARLOS DELLA PAOLERA 261, 9TH FLOOR

(Street)

BUENOS AIRES C1001ADA

(City) (State) (Zip)

ARGENTINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
CRESUD INC [ CRESY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/20/2026		S		10,000	D	$1.1(1)	625,736	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,733.26 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,579.23 ARS per 1.00 USD, resulting in a reported price of USD 1.10 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on August 20, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS.

	Amalia Cristina Sternheim by POA for Fernando Adrian Elsztain	08/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)