YPF (NYSE: YPF) director discloses incentive share awards and stake

Rhea-AI Filing Summary

YPF SOCIEDAD ANONIMA director Silvia Noemi Ayala reports her equity holdings and incentive awards. She holds long-term incentive share awards tied to 1608 and 816 underlying shares of Class D common stock at an exercise price of 0.0000. Each award unit represents the right to receive one Class D share (or, at the company’s discretion, one ADR) upon vesting. These awards vest in three equal installments in July 2026, 2027, and 2028, subject to continued employment. She also directly holds 1825 shares of Class D common stock.

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^*

Ayala Silvia Noemi

(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)

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

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 D Common Stock	1,825	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	1,608	(1)	D
Long-Term Incentive Share Award(1)	01/09/2027	(1)	Class D Common Stock	816	(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.

	Silvia Noemi Ayala	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) director Silvia Noemi Ayala report in this Form 3?

She reports her beneficial holdings in YPF, including long-term incentive share awards and Class D common stock. The filing details 1608 and 816 underlying Class D shares in incentive awards and 1825 directly held Class D shares as of the reported date.

How many YPF Class D shares are tied to Silvia Ayala’s long-term incentive awards?

She holds two long-term incentive share awards tied to 1608 and 816 underlying Class D common shares. Each award unit represents the right to receive one Class D share, or one ADR at the company’s discretion, upon future vesting events.

When do Silvia Ayala’s YPF long-term incentive share awards vest?

The long-term incentive share awards vest in three equal installments in July 2026, July 2027, and July 2028. Vesting is conditioned on her continued employment through each vesting date, aligning the awards with long-term service at YPF SOCIEDAD ANONIMA.

What direct YPF share ownership does Silvia Ayala report in this Form 3?

She reports direct ownership of 1825 shares of YPF Class D common stock. This position is separate from her long-term incentive share awards, which provide rights to receive additional Class D shares upon vesting over future years.

Can Silvia Ayala’s YPF incentive awards be settled in ADRs instead of local shares?

Yes. Each long-term incentive award unit represents the right to receive one Class D common share of YPF or, at the company’s discretion, one ADR. Settlement choice rests with YPF, as described in the award program footnote.