YPF (YPF) officer discloses long-term incentive awards and ADS stake

Rhea-AI Filing Summary

YPF SOCIEDAD ANONIMA executive Lisandro Deleonardis filed an initial ownership statement showing equity incentives and share holdings. He holds long-term incentive share awards tied to 10,000, 7,506, and 3,400 shares of Class D common stock at an exercise price of $0.0000 per share. These awards vest in three equal installments in July 2026, 2027, and 2028, subject to continued employment, and may settle in Class D shares or ADRs. He also reports direct ownership of 11,743 American Depositary 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^*

Deleonardis Lisandro

(Last) (First) (Middle)

MACACHA GUEMES 515

(Street)

CABA C1 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)
	Public Affairs Vice-Presidency

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)
American Depositary Shares	11,743	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
Long-Term Incentive Share Award(1)	01/09/2026	(1)	Class D Common Stock	10,000	(1)	D
Long-Term Incentive Share Award(1)	01/09/2027	(1)	Class D Common Stock	7,506	(1)	D
Long-Term Incentive Share Award(1)	01/09/2028	(1)	Class D Common Stock	3,400	(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.

	Lisandro Deleonardis	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).
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FAQ

What does YPF (YPF) executive Lisandro Deleonardis report on this Form 3?

He reports his initial ownership in YPF equity. The filing lists long-term incentive share awards over Class D common stock and direct holdings of 11,743 American Depositary Shares, establishing his baseline stake as Public Affairs Vice-Presidency officer.

How many YPF long-term incentive share awards does Deleonardis hold?

He holds three long-term incentive share awards. They are linked to 10,000, 7,506, and 3,400 underlying Class D common shares, all with a stated exercise price of $0.0000 per share as part of YPF’s long-term incentive program.

When do Lisandro Deleonardis’s YPF long-term incentive awards vest?

The awards vest in three equal installments. According to the program, vesting occurs in July 2026, July 2027, and July 2028, and each installment is contingent on Deleonardis remaining employed with YPF through the applicable vesting date.

What can Deleonardis receive upon vesting of his YPF share awards?

Each award unit represents the right to receive one Class D common share of YPF. At the company’s discretion, each unit can instead be settled in one American Depositary Share, providing flexibility in how the incentive compensation is delivered.

How many YPF American Depositary Shares does Deleonardis already own?

He reports direct ownership of 11,743 American Depositary Shares. These ADS holdings are separate from his long-term incentive share awards and represent existing equity exposure to YPF outside of the unvested incentive units.

Is this YPF Form 3 a record of transactions or existing holdings?

This Form 3 records existing holdings rather than new market trades. It establishes Deleonardis’s starting position in YPF securities, including unvested long-term incentive share awards and his current American Depositary Share holdings.