IRSA (IRS) director Elsztain discloses over 5.0M shares in Form 3

Rhea-AI Filing Summary

IRSA Investments & Representations Inc director Alejandro Gustavo Elsztain reported his initial ownership in a Form 3. He holds 5,017,283 Common Shares and 346,496 Global Depositary Shares, all listed as direct holdings. The filing records positions only, without showing recent buying or selling activity.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Elsztain Alejandro Gustavo

Role Director

Type	Security	Shares	Price	Value
holding	Common Shares	--	--	--
holding	Global Depositary Shares (GDS)	--	--	--

Holdings After Transaction: Common Shares — 5,017,283 shares (Direct); Global Depositary Shares (GDS) — 346,496 shares (Direct)

Footnotes (1)

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Elsztain Alejandro Gustavo

(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)

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

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

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	5,017,283	D
Global Depositary Shares (GDS)	346,496	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

Explanation of Responses:

Remarks:

	/s/Amalia Cristina Sternheim by POA for Alejandro Gustavo Elsztain	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 does the IRSA (IRS) Form 3 filing show for Alejandro Gustavo Elsztain?

The Form 3 shows Alejandro Gustavo Elsztain’s initial ownership in IRSA. He reports holding 5,017,283 Common Shares and 346,496 Global Depositary Shares, all as direct holdings, providing a baseline of his stake as an insider.

Did Alejandro Gustavo Elsztain buy or sell IRSA (IRS) shares in this Form 3?

The Form 3 does not report any buy or sell transactions. It only lists holdings, with transaction fields marked as holdings and unknown codes, meaning the filing establishes ownership positions rather than recording new trades.

How many IRSA (IRS) Common Shares does Alejandro Gustavo Elsztain directly own?

Alejandro Gustavo Elsztain reports direct ownership of 5,017,283 Common Shares of IRSA. This figure appears as the total shares following the reported holding entry and represents his direct equity position in the company’s common stock.

What Global Depositary Shares (GDS) holdings are reported for IRSA (IRS) director Elsztain?

He reports direct ownership of 346,496 Global Depositary Shares (GDS). These GDS holdings are listed as a separate security from Common Shares, with the same reporting date, and help quantify his exposure through depositary instruments.

What is the purpose of this IRSA (IRS) Form 3 by Alejandro Gustavo Elsztain?

The Form 3 serves as an initial ownership report for a company insider. It discloses Alejandro Gustavo Elsztain’s direct holdings in IRSA’s Common Shares and Global Depositary Shares, providing transparency about his starting equity position as a director.

Does the IRSA (IRS) Form 3 include any derivative or option positions for Elsztain?

No derivative positions are reported for Alejandro Gustavo Elsztain in this Form 3. The derivative summary is empty, and there are no option or warrant entries, so the filing only reflects his direct share and GDS holdings.