Cresud director sells 100K shares around $1.20

A CRESUD INC director disclosed open‑market sales totaling 100,000 common shares over two days, with USD prices derived from Argentine peso valuations and implied exchange rates.

Rhea-AI Filing Summary

CRESUD INC (CRESY) director Fernando Adrian Elsztain reported open‑market sales of a total of 100,000 common shares in September 2026. He sold 35,000 shares on September 9, 2026 at a reported USD equivalent price of $1.19 per share and 65,000 shares on September 10, 2026 at a reported USD equivalent price of $1.25 per share. These USD prices are calculated from Argentine peso prices and implied exchange rates using the company’s American Depositary Share pricing and the ratio of 10 ordinary shares per one ADS. No Rule 10b5‑1 trading plan is reported, and post‑transaction share holdings are not stated.

Insider Trade Summary

Net Seller: 100,000 shares

Net Sell 2 txns

Insider Elsztain Fernando Adrian

Role Director

Sold 100,000 shs ($123K)

Type	Security	Shares	Price	Value
Sale	Common Shares F2	65,000	$1.25	$81K
Sale	Common Shares F1	35,000	$1.19	$42K

Holdings After Transaction: Common Shares — 515,736 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is the U.S. Dollar (USD) equivalent of Argentine Pesos (ARS) 1,887.57 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,587.25 ARS per 1.00 USD, resulting in a reported price of USD 1.19 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on September 9, 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) 1,986.92 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,594.77 ARS per 1.00 USD, resulting in a reported price of USD 1.25 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on September 10, 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 September 9, 2026: 35,000 common shares Per‑share price on September 9, 2026: $1.19 per common share Argentine peso price on September 9, 2026: ARS 1,887.57 per ordinary share +5 more

8 metrics

Shares sold on September 9, 2026 35,000 common shares Open‑market sale reported by a CRESUD INC director

Per‑share price on September 9, 2026 $1.19 per common share USD equivalent of ARS 1,887.57 per ordinary share using implied FX

Argentine peso price on September 9, 2026 ARS 1,887.57 per ordinary share Converted to a reported USD price of $1.19 per share

Implied exchange rate on September 9, 2026 1,587.25 ARS per 1.00 USD Used to calculate the USD‑equivalent sale price per share

Shares sold on September 10, 2026 65,000 common shares Open‑market sale reported by a CRESUD INC director

Per‑share price on September 10, 2026 $1.25 per common share USD equivalent of ARS 1,986.92 per ordinary share using implied FX

Argentine peso price on September 10, 2026 ARS 1,986.92 per ordinary share Converted to a reported USD price of $1.25 per share

Implied exchange rate on September 10, 2026 1,594.77 ARS per 1.00 USD Used to calculate the USD‑equivalent sale price per share

Key Terms

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

4 terms

American Depositary Shares (ADS) financial

"This implied rate is 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.

implied exchange rate financial

"This equivalent is calculated based on an implied exchange rate of 1,587.25 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

"Argentine Pesos (ARS) 1,887.57 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 transactions did CRESY director Fernando Adrian Elsztain report?

He reported two open‑market sales totaling 100,000 common shares of CRESUD INC. On September 9, 2026 he sold 35,000 shares, and on September 10, 2026 he sold 65,000 shares, both as non‑derivative transactions in the company’s common shares.

On what dates did the reported CRESY share sales occur and in what amounts?

The sales occurred on September 9, 2026, for 35,000 common shares, and on September 10, 2026, for 65,000 common shares. Together, these transactions represent reported dispositions of 100,000 common shares of CRESUD INC.

At what prices were the CRESY shares reported sold in the Form 4?

The sales were reported at USD $1.19 per common share on September 9, 2026 and USD $1.25 per common share on September 10, 2026. These figures are USD equivalents derived from Argentine peso prices and implied exchange rates linked to ADS pricing.

How were the USD prices for the CRESY insider sales calculated?

The USD prices are equivalents of Argentine peso prices per ordinary share. They use implied exchange rates derived from the closing price of CRESUD INC American Depositary Shares on the NYSE and the closing price of ordinary shares on BYMA, adjusted for the 10‑to‑1 ADS ratio.

Were the reported CRESY insider sales made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5‑1 trading plan is affirmed for these transactions, and the explanatory footnotes describe only how the USD‑equivalent prices were calculated from Argentine peso prices and implied exchange rates.

Does the Form 4 state how many CRESY shares the director holds after these sales?

No. The report provides share amounts and USD‑equivalent prices for the sales but does not state the director’s remaining ownership position in CRESUD INC common shares following these transactions.

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

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Available on EDGAR 09/14/2026 - 10:06 AM Accepted by SEC EDGAR 09/14/2026 - 10:05 AM 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)
09/09/2026

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	09/09/2026		S		35,000	D	$1.19(1)	580,736	D
Common Shares	09/10/2026		S		65,000	D	$1.25(2)	515,736	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) 1,887.57 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,587.25 ARS per 1.00 USD, resulting in a reported price of USD 1.19 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on September 9, 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) 1,986.92 per ordinary share. This equivalent is calculated based on an implied exchange rate of 1,594.77 ARS per 1.00 USD, resulting in a reported price of USD 1.25 per ordinary share. This implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on September 10, 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	09/14/2026
	** 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)