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Mindlin (NYSE: PAM) sells 1,675,000 Pampa Energy shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Pampa Energy Inc. director and ten percent owner Marcos Marcelo Mindlin executed an open-market sale of 1,675,000 shares of common stock on April 16, 2026 at an average price of $3.54 per share. After this transaction, he directly owns 15,221,973 shares. According to the disclosure, prices were converted to U.S. dollars using an ARS/USD exchange rate of 1,358 reported by Bloomberg.

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Insider Mindlin Marcos Marcelo
Role Director, 10% Owner
Sold 1,675,000 shs ($5.93M)
Type Security Shares Price Value
Sale Cammon Stock 1,675,000 $3.54 $5.93M
Holdings After Transaction: Cammon Stock — 15,221,973 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares sold 1,675,000 shares Open-market sale of common stock on April 16, 2026
Sale price per share $3.54 per share Average price for the 1,675,000 shares sold
Shares held after transaction 15,221,973 shares Direct ownership by Marcos Marcelo Mindlin after the sale
ARS/USD exchange rate 1,358 Rate used to convert prices to U.S. dollars on trade date
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.
ten percent owner financial
""is_ten_percent_owner": 1"
ARS/USD exchange rate financial
"using the ARS/USD exchange rate of 1,358 on the trade date"
Cammon Stock financial
""security_title": "Cammon Stock""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 AIRES1084
(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)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
[PAMP]
3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Cammon Stock04/16/202604/16/2026S1,675,000D$3.54(1)15,221,973D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,358 on the trade date, as reported by Bloomberg
Mindlin Marcos Marcelo04/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Pampa Energy Inc. reported that director and ten percent owner Marcos Marcelo Mindlin completed an open-market sale of 1,675,000 shares of common stock. The transaction was disclosed on a Form 4 and reflects a direct change in his equity position.

At what price did Marcos Marcelo Mindlin sell Pampa Energy (PAM) shares?

Marcos Marcelo Mindlin sold 1,675,000 Pampa Energy common shares at an average price of $3.54 per share. The filing notes this price was converted to U.S. dollars using an ARS/USD exchange rate of 1,358, as reported by Bloomberg on the trade date.

How many Pampa Energy (PAM) shares does Marcos Marcelo Mindlin hold after the reported sale?

Following the reported open-market sale, Marcos Marcelo Mindlin directly owns 15,221,973 shares of Pampa Energy common stock. This post-transaction holding figure comes directly from the Form 4 disclosure and reflects his remaining direct ownership stake.

What role does Marcos Marcelo Mindlin have at Pampa Energy (PAM)?

Marcos Marcelo Mindlin is identified as a director and a ten percent owner of Pampa Energy Inc. in the Form 4 filing. This means he serves on the company’s board and holds at least ten percent of the company’s outstanding common stock through his reported ownership.

Was the Pampa Energy (PAM) insider transaction an open-market sale or another type of trade?

The transaction was classified as an open-market sale of common stock. The Form 4 describes the event using transaction code “S” and characterizes it as a sale in the open market or a private transaction, indicating a straightforward disposition of existing shares.