Large Pampa Energy (PAM) stake reported by director and 10% owner

Rhea-AI Filing Summary

Pampa Energy Inc. insider Marcos Marcelo Mindlin, identified as both a director and more than ten percent owner, has reported his holdings in a Form 3 filing.

He directly holds 16,896,973 shares of Common Stock, $25 par value, and 6,890,339 American Depositary shares as of the reported date.

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^*

Mindlin Marcos Marcelo

(Last) (First) (Middle)

MAIPU 1

(Street)

BUENOS AIRES C1 1084

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Pampa Energy Inc. [ PAM ]

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

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

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

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 Stock, $25 Par Value	16,896,973	D
American Depositary shares	6,890,339	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:

	Mindlin Marcos Marcelo	03/17/2026
	** 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.

FAQ

What does Pampa Energy (PAM) Form 3 show about Marcos Marcelo Mindlin?

The Form 3 shows that Marcos Marcelo Mindlin is a director and more than ten percent owner of Pampa Energy Inc.. It reports his initial beneficial holdings in both common stock and American Depositary shares, all listed as directly owned.

How many Pampa Energy (PAM) common shares does Marcos Marcelo Mindlin hold?

Marcos Marcelo Mindlin holds 16,896,973 shares of Pampa Energy’s Common Stock, $25 par value. These shares are reported as directly owned in the Form 3 filing, reflecting his substantial beneficial ownership position in the company’s common equity.

How many American Depositary shares of Pampa Energy (PAM) are reported on the Form 3?

The Form 3 reports that Marcos Marcelo Mindlin directly holds 6,890,339 American Depositary shares of Pampa Energy Inc. These ADS holdings are listed separately from his common stock position, providing a clear view of his total reported beneficial ownership.

Is Marcos Marcelo Mindlin’s ownership in Pampa Energy (PAM) direct or indirect?

According to the filing, Marcos Marcelo Mindlin’s holdings in both Common Stock and American Depositary shares of Pampa Energy are reported as direct ownership. The ownership code is shown as “D,” and no indirect ownership entities are specified in the data provided.

What roles does Marcos Marcelo Mindlin have at Pampa Energy (PAM) according to the Form 3?

The Form 3 identifies Marcos Marcelo Mindlin as a director of Pampa Energy Inc. and classifies him as a more than ten percent owner. This combination of governance role and significant ownership highlights his position as a key insider at the company.