IRSA director Saul Zang acquires 135K shares

An IRSA director received the shares through an in-kind distribution by CRESUD S.A.C.I.F. y A., with no consideration paid.

Available on EDGAR 11/06/2026 - 09:42 AM EST Accepted by SEC EDGAR 11/06/2026 - 09:41 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

IRSA Investments & Representations Inc. director Saul Zang reported acquiring 134,782 Common Shares on November 5, 2026. The footnote says these were ordinary shares of IRSA Inversiones y Representaciones S.A., received as a dividend in kind distributed by CRESUD S.A.C.I.F. y A. in its capacity as a CRESUD shareholder; Zang paid no consideration. His reported holdings after the transaction were 1,907,452 Common Shares.

Insider Trade Summary

Other: 134,782 shares

Other 1 txn

Insider Zang Saul

Role Director

Type	Security	Shares	Price	Value
Other	Common Shares F1	134,782	$0.00	$0.00

Holdings After Transaction: Common Shares — 1,907,452 shares (Direct)

Holdings Before and After: Common Shares, 1,772,670 to 1,907,452 shares (Direct)

Footnotes (1)

1. F1. Represents ordinary shares of IRSA Inversiones y Representaciones S.A. received by the Reporting Person as a dividend in kind distributed by CRESUD S.A.C.I.F. y A., in its capacity as a shareholder of CRESUD. No consideration was paid by the Reporting Person in connection with the acquisition.

Key Figures

Shares acquired: 134,782 Common Shares Reported holdings after transaction: 1,907,452 Common Shares Transaction date: November 5, 2026

3 metrics

Shares acquired 134,782 Common Shares November 5, 2026

Reported holdings after transaction 1,907,452 Common Shares After the November 5, 2026 transaction

Transaction date November 5, 2026 Acquisition of Common Shares

Key Terms

dividend in kind, ordinary shares, consideration

3 terms

dividend in kind financial

"received by the Reporting Person as a dividend in kind"

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.

ordinary shares financial

"Represents ordinary shares of IRSA Inversiones y Representaciones S.A."

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

consideration financial

"No consideration was paid by the Reporting Person"

FAQ

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

How many shares did Saul Zang acquire in IRS?

Saul Zang acquired 134,782 Common Shares on November 5, 2026. His reported holdings after the transaction were 1,907,452 Common Shares.

How did Saul Zang receive the IRS shares?

The shares were ordinary shares of IRSA Inversiones y Representaciones S.A., received as a dividend in kind distributed by CRESUD S.A.C.I.F. y A. in its capacity as a CRESUD shareholder; Zang paid no consideration.

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^*

Zang Saul

(Last) (First) (Middle)

AV EDUARDO MADERO 942

25TH FLOOR

(Street)

BUENOS AIRES C1106ACW

(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		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		134,782(1)	A	$0	1,907,452	D

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 as a dividend in kind distributed by CRESUD S.A.C.I.F. y A., in its capacity as a shareholder of CRESUD. No consideration was paid by the Reporting Person in connection with the acquisition.

	Marcos Slipakoff by P.O.A. for Saul Zang	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)