IRSA (NYSE: IRS) shareholder plans sale of 4,434,647 common shares

Rhea-AI Filing Summary

IRSA Inversiones y Representaciones S.A. shareholder Eduardo Sergio Elsztain has filed a notice to sell 4,434,647 common shares. The planned sale has an aggregate market value of 7,396,183 and relates to 861,199,098 common shares outstanding, with an approximate sale date of 02/05/2026 on BYMA through Latin Securities Argentina S.A.

The shares were accumulated over time via a negotiated private transaction in 2020, multiple open-market purchases in 2021–2022, shares received in a 2022 merger involving IRSA and IRCP, and distributions of dividends in kind in 2023 and 2024. The filing also lists a series of small IRSA common share sales over the past three months, each with specific dates, amounts, and gross proceeds. By signing, the seller represents not knowing any undisclosed material adverse information about IRSA’s current or prospective operations.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common shares	Latin Securities Argentina S.A. Arenales 707 City of Buenos Aires C1 C1006	4434647	7396183	861199098	02/05/2026	BYMA

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common shares	12/30/2020	Negotiated, private transaction	IRSA / Consultores Venture Capital			191491	12/30/2020	NA
Common shares	05/06/2021	Open Market purchases	NA			327051	05/06/2021	Cash
Common shares	05/10/2021	Open Market purchases	NA			18127	05/10/2021	Cash
Common shares	10/27/2021	Open Market purchases	NA			679	10/27/2021	Cash
Common shares	10/28/2021	Open Market purchases	NA			200	10/28/2021	Cash
Common shares	11/18/2021	Open Market purchases	NA			1000	11/18/2021	Cash
Common shares	11/30/2021	Open Market purchases	NA			972	11/30/2021	Cash
Common shares	12/01/2021	Open Market purchases	NA			1862	12/01/2021	Cash
Common shares	12/15/2021	Open Market purchases	NA			3000	12/15/2021	Cash
Common shares	12/30/2021	Open Market purchases	NA			1100	12/30/2021	Cash
Common shares	01/24/2022	Open Market purchases	NA			3401	01/24/2022	Cash
Common shares	01/25/2022	Open Market purchases	NA			2000	01/25/2022	Cash
Common shares	02/16/2022	Open Market purchases	NA			3000	02/16/2022	Cash
Common shares	02/24/2022	Open Market purchases	NA			4000	02/24/2022	Cash
Common shares	04/20/2022	Open Market purchases	NA			1686	04/20/2022	Cash
Common shares	04/21/2022	Open Market purchases	NA			4605	04/21/2022	Cash
Common shares	05/30/2022	Acquired pursuant to the merger of IRSA (as merging company) and IRCP	NA			3607233	05/30/2022	NA
Common shares	10/12/2023	Distribution of dividends in kind	IRSA Inversiones y Representaciones S.A.			111700	10/12/2023	NA
Common shares	11/05/2024	Distribution of dividends in kind	IRSA Inversiones y Representaciones S.A.			191540	11/05/2024	NA

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/12/2025	35	53.61
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/15/2025	24	37.02
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/16/2025	40	61.07
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/17/2025	51	76.52
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/18/2025	65	100.57
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/19/2025	50	77.53
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/22/2025	25	38.66
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/23/2025	60	93.54
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/24/2025	10	15.59
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/26/2025	50	79.66
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/29/2025	50	80.55
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	12/30/2025	55	92.39
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/02/2026	50	81.39
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/05/2026	45	74.09
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/06/2026	65	102.91
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/07/2026	55	85.8
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/08/2026	30	48.69
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/09/2026	50	82.18
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/12/2026	60	98.32
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/13/2026	55	92.83
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/14/2026	30	50.31
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/15/2026	25	40.8
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/16/2026	40	66.65
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/19/2026	15	24.59
Eduardo Sergio Elsztain Bolivar 108 1st floor City of Buenos Aires C1 C1066AAD	IRSA Common shares	01/20/2026	40	64.59

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filing for IRSA (IRS) disclose about planned share sales?

The Form 144 discloses that shareholder Eduardo Sergio Elsztain plans to sell 4,434,647 IRSA common shares. The planned sale has an aggregate market value of 7,396,183 and is expected to occur around 02/05/2026 on the BYMA exchange.

How many IRSA common shares are outstanding in this Form 144 filing?

The filing states that there are 861,199,098 IRSA common shares outstanding. This figure provides context for the planned sale of 4,434,647 shares by Eduardo Sergio Elsztain, helping investors gauge the relative size of the proposed sale versus the total share base.

How were the IRSA shares in this Form 144 accumulated by the selling shareholder?

The shares were acquired through a negotiated private transaction in 2020, multiple open market purchases in 2021–2022, shares received from a 2022 merger involving IRSA and IRCP, and additional stock received as dividends in kind during 2023 and 2024.

Which broker and exchange are involved in the planned IRSA share sale under Form 144?

The filing lists Latin Securities Argentina S.A., based in Buenos Aires, as the broker handling the transaction. The planned sale of 4,434,647 IRSA common shares is expected to take place on the BYMA securities exchange, with an approximate date of 02/05/2026.

What recent IRSA share sales by the same shareholder are reported in the last 3 months?

The notice details multiple small IRSA common share sales by Eduardo Sergio Elsztain between 12/12/2025 and 01/20/2026, with amounts ranging from 10 to 65 shares per transaction and corresponding gross proceeds figures, illustrating recent trading activity before the planned larger sale.

What representations does the selling shareholder make in the IRSA Form 144 notice?

By signing, the seller represents that they do not know any material adverse information about IRSA’s current or prospective operations that has not been publicly disclosed. The notice also warns that intentional misstatements or omissions can constitute federal criminal violations under 18 U.S.C. 1001.