CRESUD INC (CRESY) director Elsztain sells 10,000 shares, retains 635,736

Rhea-AI Filing Summary

CRESUD INC director Fernando Adrian Elsztain sold 10,000 Common Shares on August 12, 2026 at a reported price of USD 1.06 per share, equivalent to ARS 1,671.06 per ordinary share based on an implied 1,583.18 ARS per USD. Following this open-market sale, he holds 635,736 Common Shares directly.

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	$1.06	$11K

Holdings After Transaction: Common Shares — 635,736 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,671.06 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,583.18 ARS per 1.00 USD, resulting in a reported price of USD 1.06 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 12, 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: USD 1.06 per share Holdings after transaction: 635,736 Common Shares +3 more

6 metrics

Shares sold 10,000 Common Shares Sale by director Fernando Adrian Elsztain on August 12, 2026

Sale price USD 1.06 per share Reported price for 10,000 Common Shares sold on August 12, 2026

Holdings after transaction 635,736 Common Shares Direct ownership position following the reported sale

ARS price per ordinary share ARS 1,671.06 per ordinary share Local-currency equivalent corresponding to USD 1.06 sale price

Implied exchange rate 1,583.18 ARS per 1.00 USD Rate used to convert ARS price to USD for the reported sale

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), ordinary share

4 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

"calculated based on an implied exchange rate of 1,583.18 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)"

ordinary share financial

"equivalent of Argentine Pesos (ARS) 1,671.06 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

What insider transaction did CRESUD INC (CRESY) report for Fernando Adrian Elsztain?

CRESUD INC reported that director Fernando Adrian Elsztain sold 10,000 Common Shares on August 12, 2026. The transaction was coded as a sale in the open market or private transaction, reducing but not eliminating his direct shareholdings.

At what price were the CRESUD INC (CRESY) shares sold in this Form 4?

The 10,000 CRESUD INC shares were sold at a reported price of USD 1.06 per share. A footnote explains this equals ARS 1,671.06 per ordinary share, using an implied 1,583.18 ARS per 1.00 USD exchange rate.

How many CRESUD INC (CRESY) shares does Fernando Adrian Elsztain hold after the sale?

After the reported transaction, Fernando Adrian Elsztain directly holds 635,736 Common Shares of CRESUD INC. This figure reflects his post-transaction position as disclosed in the Form 4, indicating he retains a substantial shareholding.

How was the FX rate determined for the CRESUD INC (CRESY) Form 4 sale price?

The Form 4 states the USD 1.06 price is based on an implied rate of 1,583.18 ARS per 1.00 USD. This is derived from the closing price of the ADS on the NYSE and the underlying ordinary shares on BYMA, adjusted for the share ratio.

What is the ADS-to-ordinary share ratio for CRESUD INC (CRESY) mentioned in this filing?

The filing notes a ratio of 10 ordinary shares per 1 American Depositary Share (ADS). This ratio is used to relate the NYSE-traded ADS price to the price of the underlying ordinary shares on BYMA in Argentina.

Was the CRESUD INC (CRESY) insider sale under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is not marked as affirmatively used for this transaction. The structured data indicates no 10b5-1 plan affirmation, and the referenced footnote focuses on currency conversion and pricing details rather than plan status.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/13/2026 - 01:31 PM Accepted by SEC EDGAR 08/13/2026 - 01:31 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)
08/12/2026

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	08/12/2026		S		10,000	D	$1.06(1)	635,736	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) 1,671.06 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,583.18 ARS per 1.00 USD, resulting in a reported price of USD 1.06 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 12, 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	08/13/2026
	** 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)