Marcos Marcelo Mindlin

Director Marcos Mindlin purchases 275,000 PAM shares at $3.37; stock now $83.89, up 7.9% in 90 days.

Marcos Marcelo Mindlin, a Director at Pampa Energy Inc., purchased 275,000 shares at $3.37 on 2026-05-27, increasing his holdings from 21,371,973 to 21,646,973 shares. The stock currently trades at $83.89, representing a 7.9% gain over the 90-day period following this purchase. However, this transaction must be contextualized against Mindlin's prior trading pattern at this ticker: his four preceding trades at PAM were all sales (on 2026-05-08, 2026-04-22, 2026-04-20, and 2026-04-16), with a 0% well-timed rate at the 90-day mark—meaning none of those sales occurred before subsequent rallies. The shift from recent selling activity to a buy, combined with his substantial existing position of 21.65M shares, warrants scrutiny of underlying motivations, but the data does not clarify whether this reflects renewed conviction or other factors such as cash management or option exercise details not visible in this filing.

Director Marcos Mindlin sold 1,800,000 (1.80M shares) of PAM at $3.48 on 2026-05-19; -6.7% of holdings; stock now $81.71.

Director Marcos Marcelo Mindlin sold 1,800,000 shares at $3.48, reducing his holdings from 26,771,973 shares to 24,971,973 shares, a 6.7% reduction. At his cross-ticker track record, prior sells showed an average 90d return of +2198.0% with a 0.00% well-timed rate—meaning the stock rose after those sales, indicating poorly timed exits historically. At PAM specifically, all 4 prior sells showed positive 90-day returns (ranging from +2141.8% to +2269.9%), with 0 of 4 well-timed at the 90-day mark, establishing a pattern of selling before rallies rather than declines. The current price of $81.71 is -13.5% from the 52-week high, placing this sale well below recent peak valuations despite the insider's repeated prior positioning on the downside of positive subsequent returns.

Director Mindlin sells 1.8M shares; prior three sales all well-timed as stock fell afterward.

Mindlin Marcos Marcelo, a director and 10% beneficial owner of Pampa Energy, sold 1.8 million shares in a single transaction. This is his fourth open-market sale in the trailing 36-month period, extending a pattern of liquidation activity. His three prior sales at Pampa all proved well-timed—the stock declined in the weeks and months following each exit. The stock currently trades well below its 52-week high, down from recent highs over the last three months. While Mindlin's consistent pattern of selling ahead of subsequent declines suggests reliable market timing at this specific ticker, the absence of any open-market purchases over the same 36-month window underscores that his activity has been one-directional. The large share disposition and the insider's status as a director with material holdings warrant attention to whether this represents routine portfolio activity or a shift in his company conviction.

Director Mindlin sells 1,500,000 PAM shares at $3.51; retains 24,971,973 shares post-sale.

On 2026-04-22, Marcos Marcelo Mindlin, a director, sold 1,500,000 shares of Pampa Energy Inc. at $3.51 per share for a total value of $5,269,500.00, reducing his holdings from 26,471,973 shares to 24,971,973 shares (a -5.7% reduction). This sale is part of a derivative-conversion transaction, meaning the insider retains material position exposure through derivative securities not yet detailed in the filing's Table II. Within the same week, Mindlin executed two prior sales at PAM (on 2026-04-16 and 2026-04-20), establishing a pattern of sequential share dispositions. Against the current trading environment—stock at $82.90, down 2.3% over 30 days and 1.4% over 90 days—the transaction price of $3.51 reflects historical pricing data; the small aggregate sales total and the director's continued ownership of 24.97M shares indicate a partial rebalancing of his substantial equity position rather than an exit.

Director Mindlin Marcelo sold 1,250,000 shares of PAM at $3.43 on 2026-04-20; current price $83.01, holdings reduced to 13,971,973 shares

Director Mindlin Marcos Marcelo executed an open-market sale of 1,250,000 shares at $3.43 on 2026-04-20, reducing his post-transaction holdings to 13,971,973 shares, representing an 8.2% reduction from his pre-transaction position of 15,221,973 shares. The transaction occurred at a price substantially below the current market level of $83.01 and well below the 52-week high of $92.27. His cross-ticker track record shows only 1 prior open-market sell, and at the PAM ticker specifically, he has 1 prior measurable trade executed 4 days earlier on 2026-04-16, also a sale. The frequency and proximity of these two separate sales warrants monitoring to determine whether they reflect a systematic reduction or are tied to specific liquidity or strategic events not visible in the filing data alone.

Director Mindlin Marcos Marcelo sold 1,675,000 shares of Pampa Energy (PAM) at $3.54 on 2026-04-16, reducing holdings by 9.9%.

Mindlin Marcos Marcelo, a Director, disposed of 1,675,000 shares for total value $5,929,500.00, reducing his stake from 16,896,973 shares to 15,221,973 shares. This 9.9% reduction occurred when the stock traded at $3.54, significantly below the current price of $80.81 and well below the 52-week high of $92.27. The sale represents a discrete reduction in his director-level holdings, though he retains substantial equity ownership of approximately 15,221,973 shares post-transaction.