What is the exercise price of Berto’s YPF long-term incentive share awards?

The derivative summary shows an exercise price of 0.0000 for each long-term incentive share award. This indicates that, upon vesting, the awards entitle the holder to receive YPF Class D shares or ADRs without paying an additional exercise price, subject to the program’s terms.

YPF (YPF) reserves auditor reports multi-year long-term incentive awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

YPF SOCIEDAD ANONIMA Reserves Auditor Carlos Alejandro Berto reported existing long-term incentive share awards tied to YPF Class D common stock. These awards were granted under YPF’s Long-Term Incentive Share Award program and carry a right to receive one Class D share or, at the company’s discretion, one ADR per unit upon vesting.

The awards vest in three equal installments in July 2026, July 2027, and July 2028, subject to continued employment through each vesting date. The filing shows tranches covering 3,311, 2,468, and 1,220 underlying Class D shares, all held as direct derivative awards with a stated exercise price of 0.0000.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Berto Carlos Alejandro

Role Reserves Auditor

Type	Security	Shares	Price	Value
holding	Long-Term Incentive Share Award	--	--	--
holding	Long-Term Incentive Share Award	--	--	--
holding	Long-Term Incentive Share Award	--	--	--

Holdings After Transaction: Long-Term Incentive Share Award — 3,311 shares (Direct)

Footnotes (1)

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03/17/2026 - 06:26 PM

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Berto Carlos Alejandro

(Last)

(First)

(Middle)

MACACHA GUEMES 515

(Street)

CABA

00000

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
YPF SOCIEDAD ANONIMA [ YPF ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Reserves Auditor

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)

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Long-Term Incentive Share Award⁽¹⁾	01/09/2026	⁽¹⁾	Class D Common Stock	3,311	⁽¹⁾	D
Long-Term Incentive Share Award⁽¹⁾	01/09/2027	⁽¹⁾	Class D Common Stock	2,468	⁽¹⁾	D
Long-Term Incentive Share Award⁽¹⁾	01/09/2028	⁽¹⁾	Class D Common Stock	1,220	⁽¹⁾	D

Explanation of Responses:

1. Share awards are granted pursuant to YPF S.A.'s Long-Term Incentive Share Award (Programa de Retribucion a Largo Plazo). Each award unit represents the right to receive one Class D common stock of YPF S.A. (or, at the Company's discretion, one ADR) upon vesting. The awards vest in three equal installments in July 2026, 2027, and 2028, subject to continued employment through each vesting date.

	Carlos Alejandro Berto	03/17/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does the YPF (YPF) Form 3 filing for Carlos Alejandro Berto show?

The Form 3 shows that Reserves Auditor Carlos Alejandro Berto holds long-term incentive share awards linked to YPF Class D common stock. These derivative awards represent rights to receive shares or ADRs in the future, rather than current open-market purchases or sales.

How many YPF Class D shares are underlying Berto’s long-term incentive awards?

The filing lists three long-term incentive award tranches with underlying YPF Class D shares of 3,311, 2,468, and 1,220. Each unit represents the right to receive one Class D share or, at the company’s discretion, one ADR upon vesting, subject to employment conditions.

When do Carlos Alejandro Berto’s YPF long-term incentive awards vest?

The awards vest in three equal installments in July 2026, July 2027, and July 2028. Vesting is conditional on continued employment through each respective vesting date, meaning the rights to receive YPF Class D shares or ADRs depend on remaining employed over this multi-year period.

Are Berto’s YPF long-term incentive awards direct or indirect holdings?

The awards are reported as direct holdings, with ownership type marked as direct and no separate entity listed in the nature-of-ownership field. This means the long-term incentive share awards are attributed directly to Carlos Alejandro Berto rather than to a trust, partnership, or other related entity.