Pampa Energy (PAM) VP sells 300,477 shares, keeps 14,468,370

Rhea-AI Filing Summary

Pampa Energy Inc. Vice President Damian Miguel Mindlin reported selling a total of 300,477 shares of common stock in open-market transactions. He sold 300,000 shares on March 19, 2026 at $3.41 per share and 477 shares on March 20, 2026 at $3.65 per share, with prices converted to U.S. dollars using ARS/USD exchange rates noted in the filing footnotes. After these sales, he directly holds 14,468,370 shares.

Insights

Equity analyst

Pampa Energy’s vice president reported a modest open-market share sale while retaining a large direct equity position.

Vice President Damian Miguel Mindlin executed two open-market sales totaling 300,477 common shares at prices between $3.41 and $3.65 per share, with amounts converted from Argentine pesos using Bloomberg ARS/USD rates specified in footnotes.

Following these transactions, he holds 14,468,370 shares directly, indicating that only a small portion of his reported stake was sold. The filing shows no derivative exercises or tax-withholding events, so this is a straightforward net sale rather than part of an options exercise pattern.

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 Damian Miguel

(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)

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

2a. Foreign Trading Symbol
[PAMP]

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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	03/19/2026	03/20/2026	S		300,000	D	$3.41(1)	14,468,847	D
Cammon Stock	03/20/2026	03/20/2026	S		477	D	$3.65(2)	14,468,370	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 1,394.50 on the trade date, as reported by Bloomberg

2. Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,390.5 on the trade date, as reported by Bloomberg

	Mindlin Damian Miguel	03/23/2026
	** 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)

FAQ

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

Pampa Energy’s vice president Damian Miguel Mindlin reported selling 300,477 common shares in open-market transactions. The sales occurred over two days in March 2026, with prices converted into U.S. dollars using Bloomberg ARS/USD exchange rates disclosed in the footnotes.

How many Pampa Energy (PAM) shares did the vice president sell and at what prices?

He sold 300,000 shares on March 19, 2026 at $3.41 per share and 477 shares on March 20, 2026 at $3.65 per share. Both prices were converted from Argentine pesos into U.S. dollars using Bloomberg ARS/USD exchange rates noted in the filing.

How many Pampa Energy (PAM) shares does Damian Miguel Mindlin own after the reported sale?

After the reported open-market sales, Damian Miguel Mindlin directly holds 14,468,370 Pampa Energy common shares. This figure reflects his remaining direct ownership position as stated in the filing’s post-transaction share balances for the non-derivative securities section.

Were there any derivative or option transactions in this Pampa Energy (PAM) Form 4?

The Form 4 shows no derivative transactions or option exercises for Damian Miguel Mindlin. The derivative summary indicates zero derivative transaction count and zero exercise shares, meaning the reported activity consists solely of non-derivative open-market sales of common stock.

How were the Pampa Energy (PAM) share sale prices converted to U.S. dollars?

The sale prices were converted to U.S. dollars using ARS/USD exchange rates reported by Bloomberg. Footnotes specify rates of 1,394.50 and 1,390.5 on the respective trade dates, which were applied to translate the local currency prices into U.S. dollar values for reporting.