Telecom Argentina (TEO) officer discloses 34,500 Class B shares via 6,900 ADRs

Rhea-AI Filing Summary

TELECOM ARGENTINA SA officer Martin Andres Heine filed an initial ownership report showing direct holdings of Class B Shares. The filing lists ownership of 34,500 Class B Shares, which are held through 6,900 American Depository Receipts, with each ADR representing five Class B Shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Heine Martin Andres

(Last) (First) (Middle)

GENERAL HORNOS 690

(Street)

BUENOS AIRES C1 C1272ACK

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
TELECOM ARGENTINA SA [ TEO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Shares	34,500(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities reported herein are held in the form of 6,900 American Depository Receipts ("ADRs"). Each ADR represents five Class B shares.

Remarks:

Director of Digital Growth and Fintech. Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Luis Fernando Rial Ubago, Attorney-in-fact	03/16/2026
	** 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 5 (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.

FAQ

What does the Form 3 filing by Heine Martin Andres at TEO report?

The Form 3 reports initial ownership of 34,500 Class B Shares of Telecom Argentina. These shares are held directly and provide a baseline of the officer’s equity position for future insider trading disclosures and regulatory transparency.

How many Telecom Argentina (TEO) ADRs does Heine Martin Andres hold?

Heine Martin Andres holds 6,900 American Depository Receipts (ADRs) of Telecom Argentina. Each ADR represents five Class B Shares, meaning the ADR position corresponds to 34,500 underlying Class B Shares reported as directly owned.

Is the Telecom Argentina (TEO) Form 3 a buy or sell transaction?

The Form 3 for Telecom Argentina does not report a buy or sell transaction. It is an initial statement of beneficial ownership, simply documenting that the officer directly holds 34,500 Class B Shares via 6,900 ADRs.

What type of security does the TEO Form 3 disclose for Heine Martin Andres?

The filing discloses ownership of Class B Shares of Telecom Argentina. These are held in the form of 6,900 ADRs, with each American Depository Receipt representing five underlying Class B Shares of the company.

Does the Form 3 show derivative securities for Telecom Argentina (TEO)?

The Form 3 shows no derivative securities for Heine Martin Andres. The derivative section is empty, indicating that only direct holdings of 34,500 Class B Shares via ADRs are reported in this initial ownership statement.

Why is this Telecom Argentina (TEO) Form 3 important for investors?

This Form 3 establishes the officer’s starting ownership level of 34,500 Class B Shares. Future Form 4 or Form 5 filings will reference this baseline, helping investors track any subsequent insider transactions or changes in his equity position.