Pampa Energy (PAM) insider Mindlin sells 3,002,000 shares, keeps 20M

Rhea-AI Filing Summary

Pampa Energy Inc. director and more-than-10% owner Marcos Marcelo Mindlin reported two open-market sales of common stock. He sold 1,500,000 shares on July 8, 2026 at $3.545 per share and 1,502,000 shares on July 1, 2026 at $3.406 per share. Following these transactions, he directly holds 20,055,667 shares of Pampa Energy common stock.

Insider Trade Summary

Net Seller: 3,002,000 shares ($10,433,312)

Net Sell 2 txns

Insider Mindlin Marcos Marcelo

Role null

Sold 3,002,000 shs ($10.43M)

Type	Security	Shares	Price	Value
Sale	Cammon Stock	1,500,000	$3.545	$5.32M
Sale	Cammon Stock	1,502,000	$3.406	$5.12M

Holdings After Transaction: Cammon Stock — 20,055,667 shares (Direct, null)

Footnotes (1)

1. Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,489 on the trade date, as reported by Bloomberg Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,488 on the trade date, as reported by Bloomberg

Key Figures

Shares sold 2026-07-08: 1,500,000 shares at $3.545 Shares sold 2026-07-01: 1,502,000 shares at $3.406 Total shares sold: 3,002,000 shares +3 more

6 metrics

Shares sold 2026-07-08 1,500,000 shares at $3.545 Open-market sale of common stock on July 8, 2026

Shares sold 2026-07-01 1,502,000 shares at $3.406 Open-market sale of common stock on July 1, 2026

Total shares sold 3,002,000 shares Combined across both July 2026 transactions

Shares held after latest sale 20,055,667 shares Direct ownership after July 8, 2026 transaction

FX rate footnote 1 ARS/USD 1,489 Exchange rate used for price conversion on a trade date

FX rate footnote 2 ARS/USD 1,488 Exchange rate used for price conversion on another trade date

Key Terms

open-market sale, Cammon Stock, ARS/USD exchange rate, more-than-10% owner

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Cammon Stock financial

"security_title": "Cammon Stock""

ARS/USD exchange rate financial

"using the ARS/USD exchange rate of 1,489 on the trade date"

more-than-10% owner financial

"is_ten_percent_owner": 1"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 02:28 PM Accepted by SEC EDGAR 07/08/2026 - 02:27 PM Learn about SEC filing dates

FAQ

What insider transaction did Pampa Energy (PAM) report for Marcos Mindlin?

Pampa Energy reported that director and more-than-10% owner Marcos Marcelo Mindlin executed two open-market sales of common stock. He sold a total of 3,002,000 shares across separate trades on July 1 and July 8, 2026, as disclosed in a Form 4 filing.

How many Pampa Energy (PAM) shares did Marcos Mindlin sell and at what prices?

Marcos Marcelo Mindlin sold 1,502,000 Pampa Energy shares on July 1, 2026 at $3.406 per share. He then sold 1,500,000 additional shares on July 8, 2026 at $3.545 per share, for combined reported sales of 3,002,000 common shares.

How many Pampa Energy (PAM) shares does Marcos Mindlin hold after these sales?

After the most recent reported sale on July 8, 2026, Marcos Marcelo Mindlin directly holds 20,055,667 Pampa Energy common shares. This figure comes from the Form 4’s post-transaction ownership column and reflects his remaining direct equity position following both reported transactions.

Were the Pampa Energy (PAM) insider sales open-market transactions?

Yes. Both transactions by Marcos Marcelo Mindlin are coded as “S” for sale and described as open-market or private sales. The Form 4 characterizes the activity as open-market sale transactions in Pampa Energy common stock, with reported per-share prices in U.S. dollars for each trade date.

How were Pampa Energy (PAM) share prices converted in the Form 4 filing?

The Form 4 notes that Pampa Energy share prices were converted to U.S. dollars using Argentine peso to U.S. dollar exchange rates. One footnote cites an ARS/USD rate of 1,489 and another cites 1,488 on the respective trade dates, both as reported by Bloomberg.

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^*

Mindlin Marcos Marcelo

(Last) (First) (Middle)

MAIPU 1

(Street)

BUENOS AIRES 1084

(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)

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

2a. Foreign Trading Symbol
[PAMP]

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

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
Cammon Stock	07/01/2026	07/06/2026	S		1,502,000	D	$3.406(1)	21,555,667	D
Cammon Stock	07/08/2026	07/09/2026	S		1,500,000	D	$3.545(2)	20,055,667	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. Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,489 on the trade date, as reported by Bloomberg

2. Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,488 on the trade date, as reported by Bloomberg

	Mindlin Marcos Marcelo	07/08/2026
	** 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)