Pampa Energy director buys 675K shares at $3.376

Pampa Energy Inc. (PAM) reported that director and ten percent owner Marcos Marcelo Mindlin purchased 675,000 shares of common stock on August 21, 2026.

Rhea-AI Filing Summary

Pampa Energy Inc. (PAM) reported that director and ten percent owner Marcos Marcelo Mindlin purchased 675,000 shares of common stock on August 21, 2026. The reported price of $3.376 per share is stated in U.S. dollars using an ARS/USD rate of 1,496.53. Following this open-market purchase, Mindlin directly holds 22,030,592 shares of Pampa Energy common stock.

Insider Trade Summary

Net Buyer: 675,000 shares

Net Buy 1 txn

Insider Mindlin Marcos Marcelo

Role Director, 10% Owner

Bought 675,000 shs ($2.28M)

Type	Security	Shares	Price	Value
Purchase	Cammon Stock F1	675,000	$3.376	$2.28M

Holdings After Transaction: Cammon Stock — 22,030,592 shares (Direct)

Footnotes (1)

1. F1. Prices converted to U.S. dollars using the ARS/USD exchange rate of 1,496.53 on the trade date, as reported by Bloomberg

Key Figures

Shares purchased: 675,000 shares Purchase price per share: $3.376 per share Shares owned after transaction: 22,030,592 shares +1 more

4 metrics

Shares purchased 675,000 shares Non-derivative common stock purchase on August 21, 2026

Purchase price per share $3.376 per share Reported in U.S. dollars for the August 21, 2026 transaction

Shares owned after transaction 22,030,592 shares Direct holdings of Marcos Marcelo Mindlin following the purchase

ARS/USD exchange rate 1,496.53 Rate used to convert the trade price to U.S. dollars on the trade date

Key Terms

Rule 10b5-1, ARS/USD exchange rate, ten percent owner

3 terms

Rule 10b5-1 regulatory

"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"

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.

ARS/USD exchange rate financial

"using the ARS/USD exchange rate of 1,496.53 on the trade date"

ten percent owner regulatory

"is_ten_percent_owner": 1"

FAQ

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

What insider transaction did PAM disclose in this Form 4?

Pampa Energy Inc. disclosed that Marcos Marcelo Mindlin purchased 675,000 shares of its common stock on August 21, 2026 in an open-market or private transaction at a reported price of $3.376 per share in U.S. dollars.

How many Pampa Energy (PAM) shares does Marcos Marcelo Mindlin own after this trade?

After the reported purchase, Marcos Marcelo Mindlin directly owns 22,030,592 shares of Pampa Energy Inc. common stock, as shown in the post-transaction holdings figure in the Form 4.

Was the PAM insider trade made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmatively marked, and there is no footnote stating that the 675,000-share purchase was executed pursuant to a Rule 10b5-1 trading plan.

What exchange rate was used to report the PAM insider trade price?

The per-share price of $3.376 for the Pampa Energy transaction was converted to U.S. dollars using an ARS/USD exchange rate of 1,496.53 on the trade date, as reported by Bloomberg, according to the Form 4 footnote.

What was the total number of PAM shares bought in the reported transaction?

The Form 4 shows that Marcos Marcelo Mindlin purchased 675,000 shares of Pampa Energy Inc. common stock in a single non-derivative transaction on August 21, 2026, categorized as a purchase in the open market or a private transaction.

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

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Available on EDGAR 08/25/2026 - 03:38 PM EDT Accepted by SEC EDGAR 08/25/2026 - 03:38 PM EDT 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)
08/21/2026

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	08/21/2026	08/24/2026	P		675,000	A	$3.376(1)	22,030,592	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 1,496.53 on the trade date, as reported by Bloomberg

	Mindlin Marcos Marcelo	08/21/2026
	** 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)