Cresud director sells 39,385 common shares

Fernando Adrian Elsztain, a director of Cresud Inc., reported selling a total of 39,385 Common Shares in July 2026 across three non-derivative transactions.

Rhea-AI Filing Summary

Fernando Adrian Elsztain, a director of Cresud Inc., reported selling a total of 39,385 Common Shares in July 2026 across three non-derivative transactions. He sold 4,385 shares on July 6 at USD 1.11, 15,000 shares on July 21 at USD 1.13, and 20,000 shares on July 22 at USD 1.17 per share. The reported U.S. dollar prices are equivalents of Argentine peso sale prices, calculated from implied ARS/USD exchange rates derived from the issuer’s NYSE-traded ADS and BYMA ordinary share prices.

Insider Trade Summary

Net Seller: 39,385 shares

Net Sell 3 txns

Insider Elsztain Fernando Adrian

Role Director

Sold 39,385 shs ($45K)

Type	Security	Shares	Price	Value
Sale	Common Shares F3	20,000	$1.17	$23K
Sale	Common Shares F2	15,000	$1.13	$17K
Sale	Common Shares F1	4,385	$1.11	$5K

Holdings After Transaction: Common Shares — 645,736 shares (Direct)

Footnotes (3)

1. F1. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,750.00 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,574.64 ARS per 1.00 USD, resulting in a reported price of USD 1.11 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 6, 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.
2. F2. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,769.11 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,567.74 ARS per 1.00 USD, resulting in a reported price of USD 1.13 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 21, 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.
3. F3. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,830.00 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,563.03 ARS per 1.00 USD, resulting in a reported price of USD 1.17 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 22, 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 on 2026-07-06: 4,385 shares Shares sold on 2026-07-21: 15,000 shares Shares sold on 2026-07-22: 20,000 shares +4 more

7 metrics

Shares sold on 2026-07-06 4,385 shares Common Shares sold at USD 1.11 per share

Shares sold on 2026-07-21 15,000 shares Common Shares sold at USD 1.13 per share

Shares sold on 2026-07-22 20,000 shares Common Shares sold at USD 1.17 per share

Total shares sold in July 2026 39,385 shares Aggregate Common Shares sold across three non-derivative transactions

Peso price per share on 2026-07-06 ARS 1,750.00 per ordinary share Basis for USD 1.11 equivalent using implied ARS/USD exchange rate

Peso price per share on 2026-07-21 ARS 1,769.11 per ordinary share Basis for USD 1.13 equivalent using implied ARS/USD exchange rate

Peso price per share on 2026-07-22 ARS 1,830.00 per ordinary share Basis for USD 1.17 equivalent using implied ARS/USD exchange rate

Key Terms

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

4 terms

American Depositary Shares (ADS) financial

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

American depositary shares (ADS) are a way for investors in the United States to buy shares of foreign companies without dealing with the complexities of international markets. They represent ownership in a foreign company's stock and are traded on U.S. exchanges, making it easier and more convenient for Americans to invest internationally. ADSs allow investors to diversify their portfolios with foreign companies while using familiar trading platforms.

Bolsas y Mercados Argentinos (BYMA) financial

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

implied exchange rate financial

"based on an implied exchange rate of 1,574.64 ARS per 1.00 USD"

ordinary share financial

"Argentine Pesos (ARS) 1,750.00 per ordinary share"

An ordinary share is a unit of ownership in a company that gives the holder a stake in its profits and usually the right to vote on key decisions. Think of it like a slice of a pizza where each slice entitles you to a portion of what’s left after bills are paid; value can rise or fall with the business and may pay dividends, so it matters to investors for income, growth and control.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Fernando Adrian Elsztain report for CRESY?

Fernando Adrian Elsztain reported selling 39,385 Cresud common shares in July 2026. The transactions occurred on July 6, 21, and 22, with per-share prices between USD 1.11 and USD 1.17, expressed as U.S. dollar equivalents of Argentine peso sale prices.

How many CRESY shares did Fernando Adrian Elsztain sell on each reported date?

Elsztain sold 4,385 shares of Cresud on July 6, 15,000 shares on July 21, and 20,000 shares on July 22, 2026. All transactions involved non-derivative Common Shares held directly.

At what prices were Fernando Adrian Elsztain’s CRESY share sales executed?

The reported per-share prices were USD 1.11 on July 6, USD 1.13 on July 21, and USD 1.17 on July 22, 2026. These amounts represent U.S. dollar equivalents of peso prices for Cresud’s ordinary shares.

How were the U.S. dollar prices for the recent CRESY insider sales determined?

Each U.S. dollar price reflects the equivalent of an Argentine peso amount per ordinary share. The equivalents use an implied ARS/USD exchange rate derived from Cresud’s NYSE-traded ADS closing price and the BYMA ordinary share closing price, adjusted for the ADS-to-share ratio.

Were Fernando Adrian Elsztain’s July 2026 CRESY sales under a Rule 10b5-1 plan?

The reported transactions were not indicated as being made under a Rule 10b5-1 trading plan. No footnote describes a pre-arranged plan, and the Rule 10b5-1 affirmation field associated with these sales is not marked as plan-based activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/30/2026 - 03:16 PM Accepted by SEC EDGAR 07/30/2026 - 03:15 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)
07/06/2026

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	07/06/2026		S		4,385	D	$1.11(1)	680,736	D
Common Shares	07/21/2026		S		15,000	D	$1.13(2)	665,736	D
Common Shares	07/22/2026		S		20,000	D	$1.17(3)	645,736	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) 1,750.00 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,574.64 ARS per 1.00 USD, resulting in a reported price of USD 1.11 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 6, 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.

2. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,769.11 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,567.74 ARS per 1.00 USD, resulting in a reported price of USD 1.13 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 21, 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.

3. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,830.00 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,563.03 ARS per 1.00 USD, resulting in a reported price of USD 1.17 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on July 22, 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	07/30/2026
	** 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)