Grupo Financiero Galicia (GGAL) director buys Class B shares on July 7–8
Rhea-AI Filing Summary
Grupo Financiero Galicia SA director Moret Silvestre Vila reported two open-market purchases of Class B Ordinary Shares on July 7 and July 8, 2026, totaling 399,824 shares at weighted-average prices of about $5.46 and $5.36 per share. Trade prices were converted from Argentine pesos using an exchange rate of US$0.00067 per peso, with daily trading ranges between $5.49–$5.42 and $5.42–$5.31. Following these transactions, Vila owns 3,000,000 shares directly. The July 7 purchases were previously omitted from an earlier Form 4 and are now reported.
Positive
- None.
Negative
- None.
Filing Explained
After two open-market purchases, the director's reported direct Class B holdings stand at 3,000,000; issuer capital structure is not changed in this filing.
The
Both entries use transaction code P, which the supplied Form 4 guide defines as an open-market purchase; the reported weighted-average prices were
The filing says the July 7 purchase was inadvertently omitted from the Form 4 filed on
For existing common holders, the disclosed consequence is a change in the reporting director's ownership position, not a disclosed issuer sale, issuance, or derivative transaction.
Sources and calculations
- July 13, 2026 Form 4 — Grupo Financiero Galicia SA (2026-07-13)
- Form 4 purpose and codes (undated)
- July 9, 2026 Form 4 — Grupo Financiero Galicia SA (2026-07-09)
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class B Ordinary Shares | 224,000 | $5.36 | $1.20M |
| Purchase | Class B Ordinary Shares | 175,824 | $5.46 | $960K |
Footnotes (1)
- Reported prices have been converted from Argentine pesos to U.S. dollars using an exchange rate of US$0.00067 per Argentine peso. Represents the weighted average purchase price. The highest price at which shares were purchased was $5.49 and the lowest price at which shares were purchased was $5.42. Represents the number of shares purchased on July 7, 2026, which were inadvertently omitted from the Form 4 filed on July 9, 2026. Represents the weighted average purchase price. The highest price at which shares were purchased was $5.42 and the lowest price at which shares were purchased was $5.31.
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