YPF (YPF) executive discloses long-term incentive share awards and ADS holdings

Rhea-AI Filing Summary

YPF SOCIEDAD ANONIMA executive Gustavo Maria Gallino, Infrastructure Vice-Presidency, has filed an initial ownership report showing long-term incentive equity interests and direct ADS holdings. He holds several Long-Term Incentive Share Awards, each tied to underlying Class D common stock of YPF.

One award relates to 10,079 underlying Class D shares, a second to 7,484 shares, and a third to 3,427 shares. According to the plan, these awards vest in three equal installments in July 2026, July 2027, and July 2028, subject to continued employment through each vesting date. In addition, he directly holds 11,133 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^*

Gallino Gustavo Maria

(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)
	Infrastructure 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	11,133	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	10,079	(1)	D
Long-Term Incentive Share Award(1)	01/09/2027	(1)	Class D Common Stock	7,484	(1)	D
Long-Term Incentive Share Award(1)	01/09/2028	(1)	Class D Common Stock	3,427	(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.

	Gustavo Maria Gallino	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 the YPF (YPF) Form 3 filing disclose for Gustavo Maria Gallino?

The filing shows Gustavo Maria Gallino’s initial equity interests in YPF, including long-term incentive share awards linked to Class D common stock and direct holdings of American Depositary Shares. It outlines his positions rather than reporting new market purchases or sales.

What long-term incentive share awards does Gustavo Maria Gallino hold in YPF (YPF)?

He holds three Long-Term Incentive Share Awards, each representing the right to receive YPF Class D common stock. The awards cover 10,079 underlying shares, 7,484 underlying shares, and 3,427 underlying shares, all granted under YPF S.A.’s Long-Term Incentive Share Award program.

How do the YPF (YPF) long-term incentive awards for Gustavo Maria Gallino vest?

The awards vest in three equal installments in July 2026, July 2027, and July 2028. Vesting is conditioned on his continued employment through each vesting date, aligning his compensation with long-term service and performance at YPF.

What underlying securities are linked to Gustavo Maria Gallino’s YPF (YPF) share awards?

Each award unit represents the right to receive one YPF Class D common share or, at the company’s discretion, one American Depositary Share. This structure ties his incentive compensation directly to the company’s equity performance over the vesting period.

How many YPF (YPF) American Depositary Shares does Gustavo Maria Gallino directly own?

He directly owns 11,133 American Depositary Shares of YPF. These ADS holdings are reported as direct ownership, separate from his long-term incentive share awards that will deliver Class D common stock or ADS upon vesting, subject to employment conditions.

Is the YPF (YPF) Form 3 for Gustavo Maria Gallino a record of trades or just holdings?

The Form 3 functions as an initial statement of beneficial ownership, listing his existing long-term incentive awards and ADS holdings. It does not show any new open-market buys or sells, focusing instead on positions and vesting terms under YPF’s incentive plan.