IRSA (NYSE: IRS) CIO details 49,826 RSUs vesting through 2028

Rhea-AI Filing Summary

IRSA Investments & Representations Inc. Chief Investment Officer Jorge Alberto Cruces reported his equity holdings. He holds restricted share units tied to 49,826 common shares, granted on March 17, 2026, which will vest in two equal tranches of 24,913 shares in January 2027 and January 2028. He also directly owns 24,913 common shares as of this amendment.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Cruces Jorge Alberto

(Last) (First) (Middle)

CARLOS DELLA PAOLERA 261

9TH FLOOR

(Street)

BUENOS AIRES BUENOS AIRES C1001 ADA

(City) (State) (Zip)

ARGENTINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
IRSA INVESTMENTS & REPRESENTATIONS INC [ IRS ]

3a. Foreign Trading Symbol
[IRSA]

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Investment Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	24,913	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Shares Unit (RSU)	(1)	(1)	Common Shares	49,826	(1)	D

Explanation of Responses:

1. These restricted shares units were granted on March 17, 2026 and will vest 24,913 common shares on January 2027 and 24,913 common shares on January 2028.

Remarks:

	/s/Amalia Cristina Sternheim by POA for Jorge Alberto Cruces	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What equity holdings did IRSA (IRS) executive Jorge Alberto Cruces report?

He reported direct ownership of 24,913 common shares and restricted share units linked to 49,826 common shares. These RSUs represent future potential equity, subject to the vesting schedule described in the grant’s terms.

How many IRSA (IRS) restricted share units does the CIO hold and what do they represent?

He holds restricted share units tied to 49,826 IRSA common shares. These units are derivative awards that convert into common shares as they vest, providing long-term, share-based compensation aligned with company performance.

What is the vesting schedule of Jorge Alberto Cruces’s IRSA (IRS) RSUs?

The RSUs granted on March 17, 2026 will vest 24,913 common shares in January 2027 and another 24,913 common shares in January 2028. Vesting requires continued eligibility under the award’s conditions.

Does this IRSA (IRS) Form 3/A show any insider buying or selling?

No buy or sell transactions are reported. The amendment lists holdings only: existing common shares and unvested restricted share units, providing an updated snapshot of the executive’s equity position.

What role does Jorge Alberto Cruces hold at IRSA (IRS) in this filing?

He is identified as Chief Investment Officer. The filing links his leadership role with detailed disclosure of his share and RSU holdings, aligning management incentives with shareholders through equity-based compensation.