Pampa Energy director buys 500K shares at $3.44

Pampa Energy Inc. (PAM) director and ten percent owner Marcos Marcelo Mindlin reported purchasing 500,000 shares of common stock on August 31, 2026 in an open-market or private transaction.

Rhea-AI Filing Summary

Pampa Energy Inc. (PAM) director and ten percent owner Marcos Marcelo Mindlin reported purchasing 500,000 shares of common stock on August 31, 2026 in an open-market or private transaction. The reported price was $3.44 per share, converted from Argentine pesos using an ARS/USD rate of 1,510.0865. Following this purchase, he directly holds 22,680,592 shares. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Net Buyer: 500,000 shares

Net Buy 1 txn

Insider Mindlin Marcos Marcelo

Role Director, 10% Owner

Bought 500,000 shs ($1.72M)

Type	Security	Shares	Price	Value
Purchase	Cammon Stock F1	500,000	$3.44	$1.72M

Holdings After Transaction: Cammon Stock — 22,680,592 shares (Direct)

Footnotes (1)

1. F1. Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,510.0865 on the trade date, as reported by Bloomberg

Key Figures

Shares purchased: 500,000 shares Purchase price per share: $3.44 per share Shares owned after transaction: 22,680,592 shares +1 more

4 metrics

Shares purchased 500,000 shares Common stock bought on August 31, 2026 by director/ten percent owner

Purchase price per share $3.44 per share Price converted to USD using ARS/USD 1,510.0865 on the trade date

Shares owned after transaction 22,680,592 shares Direct holdings of common stock after the August 31, 2026 purchase

ARS/USD exchange rate used 1,510.0865 Rate used to convert transaction prices to U.S. dollars on trade date

Key Terms

Rule 10b5-1, open market or private transaction, ARS/USD exchange rate

3 terms

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for this transaction"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open market or private transaction market

"Purchase in open market or private transaction"

ARS/USD exchange rate financial

"using the ARS/USD exchange rate of 1,510.0865 on the trade date"

FAQ

What insider transaction did Pampa Energy Inc. (PAM) report in this Form 4?

Pampa Energy Inc. reported that director and ten percent owner Marcos Marcelo Mindlin purchased 500,000 shares of the company’s common stock on August 31, 2026 in an open-market or private transaction.

At what price were the 500,000 PAM shares acquired by the insider?

The 500,000 Pampa Energy Inc. shares were acquired at a reported price of $3.44 per share, with the price converted to U.S. dollars using an ARS/USD exchange rate of 1,510.0865 on the trade date, as reported by Bloomberg.

How many Pampa Energy Inc. (PAM) shares does the insider hold after this transaction?

After the August 31, 2026 purchase, Marcos Marcelo Mindlin directly holds 22,680,592 shares of Pampa Energy Inc. common stock, as reported in the Form 4 filing.

Was the Pampa Energy (PAM) insider purchase made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating use of a trading plan, so no Rule 10b5-1 plan is reported for this transaction.

Is the Pampa Energy (PAM) insider’s ownership direct or indirect after the trade?

The filing classifies the ownership of the 22,680,592 shares following the transaction as direct ownership by the reporting person, with no separate entity or trust noted for this holding.

What currency information is disclosed for the PAM insider share purchase price?

The Form 4 states that prices are converted to U.S. dollars using the ARS/USD exchange rate of 1,510.0865 on the August 31, 2026 trade date, as reported by Bloomberg.

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Available on EDGAR 09/02/2026 - 02:51 PM Accepted by SEC EDGAR 09/02/2026 - 02:51 PM Learn about SEC filing dates

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)
08/31/2026

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	08/31/2026	09/01/2026	P		500,000	A	$3.44(1)	22,680,592	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 1,510.0865 on the trade date, as reported by Bloomberg

	Mindlin Marcos Marcelo	09/02/2026
	** 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)