IRSA director Elsztain receives 70,824 shares

Available on EDGAR 11/06/2026 - 10:24 AM EST Accepted by SEC EDGAR 11/06/2026 - 10:24 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

IRSA Investments & Representations Inc. director and 10% owner Eduardo S. Elsztain received 70,824 common shares directly on November 5, 2026, in a dividend in kind from CRESUD S.A.C.I.F. y A. Other recipients were Agroinvestment (100,332 shares), IFISA (3,652,243) and CVCU (27); no consideration was paid. His direct holdings afterward were 4,528,082 shares. Elsztain has sole voting and dispositive power over Agroinvestment's shares and disclaims beneficial ownership of IFISA and CVCU shares except to the extent of his pecuniary interest.

Insider Trade Summary

Other: 3,823,426 shares

Other 4 txns

Insider ELSZTAIN EDUARDO S

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Other	Common Shares F1	70,824	$0.00	$0.00
Other	Common Shares F1, F2	100,332	$0.00	$0.00
Other	Common Shares F1, F3	3,652,243	$0.00	$0.00
Other	Common Shares F1, F4	27	$0.00	$0.00

Holdings After Transaction: Common Shares — 4,528,082 shares (Direct); Common Shares — 9,173,118 shares (Indirect, See Footnote)

Holdings Before and After: Common Shares, 4,457,258 to 4,528,082 shares (Direct)

Footnotes (4)

1. F1. Represents ordinary shares of IRSA Inversiones y Representaciones S.A. received by the Reporting Person, Agroinvestment, IFISA and CVCU as a dividend in kind distributed by CRESUD S.A.C.I.F. y A., in their respective capacities as shareholders of CRESUD. No consideration was paid by the Reporting Person, Agroinvestment, IFISA and CVCU in connection with the acquisition.
2. F2. The Reporting Person has sole voting and dispositive power over the securities held by AGROINVESTMENT.
3. F3. The Reporting Person reports the shares held by IFISA due to his control over IFISA. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
4. F4. The Reporting Person reports the shares held by CVCU due to his control over CVCU. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Key Figures

Shares received directly: 70,824 shares Shares received by Agroinvestment: 100,332 shares Shares received by IFISA: 3,652,243 shares +2 more

5 metrics

Shares received directly 70,824 shares November 5, 2026

Shares received by Agroinvestment 100,332 shares November 5, 2026

Shares received by IFISA 3,652,243 shares November 5, 2026

Shares received by CVCU 27 shares November 5, 2026

Direct shares held after transaction 4,528,082 shares Following the November 5, 2026 transaction

Key Terms

dividend in kind, sole voting and dispositive power, beneficial ownership, pecuniary interest

4 terms

dividend in kind financial

"received ... as a dividend in kind distributed by CRESUD"

A dividend in kind is a payout to shareholders made in assets other than cash—common forms include additional shares, physical property, or other securities—so investors receive something tangible or financial instead of money. It matters because it preserves a company’s cash while changing an investor’s ownership mix and liquidity, and it can carry different tax or resale consequences than a cash dividend, effectively shifting how value is held or realized.

sole voting and dispositive power regulatory

"sole voting and dispositive power over the securities held by AGROINVESTMENT"

beneficial ownership regulatory

"disclaims beneficial ownership of such shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many IRS shares were received in the November 5, 2026 dividend in kind?

Eduardo S. Elsztain received 70,824 shares directly; Agroinvestment received 100,332, IFISA received 3,652,243 and CVCU received 27. The shares were distributed by CRESUD S.A.C.I.F. y A. as a dividend in kind, with no consideration paid.

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

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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 EDUARDO S

(Last) (First) (Middle)

BOLIVAR 108 1ST FLOOR

(Street)

BUENOS AIRES C1066AAD

(City) (State) (Zip)

ARGENTINA

(Country)

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

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

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

2a. Foreign Trading Symbol
[IRSA]

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2026

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	11/05/2026		J		70,824(1)	A	$0	4,528,082	D
Common Shares	11/05/2026		J		100,332(1)	A	$0	100,332	I	See Footnote(2)
Common Shares	11/05/2026		J		3,652,243(1)	A	$0	12,005,656	I	See Footnote(3)
Common Shares	11/05/2026		J		27(1)	A	$0	9,173,118	I	See Footnote(4)

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. Represents ordinary shares of IRSA Inversiones y Representaciones S.A. received by the Reporting Person, Agroinvestment, IFISA and CVCU as a dividend in kind distributed by CRESUD S.A.C.I.F. y A., in their respective capacities as shareholders of CRESUD. No consideration was paid by the Reporting Person, Agroinvestment, IFISA and CVCU in connection with the acquisition.

2. The Reporting Person has sole voting and dispositive power over the securities held by AGROINVESTMENT.

3. The Reporting Person reports the shares held by IFISA due to his control over IFISA. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

4. The Reporting Person reports the shares held by CVCU due to his control over CVCU. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

	Marcos Slipakoff by P.O.A. for Eduardo Elsztain	11/06/2026
	** 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)