Pampa Energy CFO buys 3,136 shares at $66.11

The reported dollar price reflects conversion from Argentine pesos and a 25-common-share-to-one-ADR factor.

Available on EDGAR 11/04/2026 - 06:01 PM EST Accepted by SEC EDGAR 11/04/2026 - 06:01 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Pampa Energy Inc. Chief Financial Officer Adolfo Fernando Zuberbuhler purchased 3,136 common shares on November 4, 2026, at a reported $66.11 per share. His reported direct holdings after the purchase were 2,885 shares. The reported price reflects 4,440 Argentine pesos per share, converted using 1,679 Argentine pesos per U.S. dollar and multiplied by 25, the stated number of common shares per ADR. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 3,136 shares

Net Buy 1 txn

Insider Zuberbuhler Adolfo Fernando

Role Chief Financial Officer

Bought 3,136 shs ($207K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, $25 Par Value F1	3,136	$66.11	$207K

Holdings After Transaction: Common Stock, $25 Par Value — 2,885 shares (Direct)

Other Insiders: 1 other insider reported open-market purchases of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. These shares were acquired at a price of 4440 argentine pesos per share. For reporting purposes, the price paid has been converted to US dollars based on the free exchange rate for the date of the acquisition which was 1679 argentine pesos per US dollar. Then multiplied by 25, the Par value or rate of common shares to one ADR.

Key Figures

Common shares purchased: 3,136 shares Reported purchase price: $66.11 per share Direct shares after purchase: 2,885 shares +3 more

6 metrics

Common shares purchased 3,136 shares November 4, 2026

Reported purchase price $66.11 per share November 4, 2026

Direct shares after purchase 2,885 shares Reported following the purchase

Price in Argentine pesos 4,440 Argentine pesos per share Basis used for reporting the purchase price

Exchange rate 1,679 Argentine pesos per U.S. dollar Free exchange rate for the acquisition date

Common shares per ADR 25 common shares per ADR Factor used in the reported price conversion

Key Terms

free exchange rate, Par Value, ADR

3 terms

free exchange rate financial

"free exchange rate for the date of the acquisition"

Par Value financial

"Common Stock, $25 Par Value"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

ADR financial

"rate of common shares to one ADR"

An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.

FAQ

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

How many PAM shares did the CFO purchase, and at what price?

Chief Financial Officer Adolfo Fernando Zuberbuhler purchased 3,136 shares of Pampa Energy Inc. common stock on November 4, 2026, at a reported $66.11 per share. His reported direct holdings after the purchase were 2,885 shares.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Zuberbuhler Adolfo Fernando

(Last) (First) (Middle)

MAIPU 1

(Street)

BUENOS AIRES C1084ABA

(City) (State) (Zip)

ARGENTINA

(Country)

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

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

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

2a. Foreign Trading Symbol
[PAMP]

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

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 Stock, $25 Par Value	11/04/2026		P		3,136	A	$66.11(1)	2,885	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. These shares were acquired at a price of 4440 argentine pesos per share. For reporting purposes, the price paid has been converted to US dollars based on the free exchange rate for the date of the acquisition which was 1679 argentine pesos per US dollar. Then multiplied by 25, the Par value or rate of common shares to one ADR.

	Adolfo Zuberbuhler	11/04/2026
	** 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)