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PAMPampa Energy Inc. · Insider ownership research

Pampa Energy Inc. insiders sold $47.7M in the past 12 months. How much of their stake is that?

Insiders sold $47.7M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Marcos Mindlin (Director), sold $38.2M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
3
buyers among officers and directors (14 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
2 of 15
officers and directors sold shares, past 12 months
Latest filing: Filed Oct 2 for a purchase on Sep 28. Damian Mindlin bought 1.43M shares ($5.6M). Filing
SEC ownership filings: 49 filed in the 12 months to Oct 13, 2026; 49 on record since Mar 12, 2026 · See the evidence

What stands out

Three insiders bought shares: Marcos Mindlin (4.31M shares, $14.5M), Gustavo Mariani (75K shares, $6.0M) and Damian Mindlin (1.43M shares, $5.6M). These are the first purchases by current officers or directors in the filings on record.Marcos Mindlin: purchase, Aug 19, 2026 · Gustavo Mariani: purchase, May 7, 2026 · Damian Mindlin: purchase, Sep 28, 2026
Two insiders sold $47.7M with no disclosed plan: Marcos Mindlin ($38.2M) and Damian Mindlin ($9.5M). The filings don't state a reason.Marcos Mindlin: largest such sale, May 19, 2026 · Damian Mindlin: largest such sale, Jun 1, 2026

A share of stake is shown for 0 of the 2 officers and directors who sold. 15 are left out

i
Left out: Ricardo Torres, Marcos Mindlin, Damian Mindlin, Gustavo Mariani, Horacio Turri, Mauricio Penta, Carolina Sigwald, Martin Miliavsky, Iris Valla, Gabriel Szpigiel, Ariel Stolar, Adolfo Zuberbuhler, Fuente de la, Sergio Nabaes and Paz Espinosa (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Marcos Mindlin
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$38.2MNo plan disclosed
Damian Mindlin
Vicepresident
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$9.5MNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMar 2026: $4.3M no plan disclosedMarApr 2026: $15.7M no plan disclosed$15.7MAprMay 2026: $12.3M no plan disclosedMayJun 2026: $5.0M no plan disclosedJunJul 2026: $10.4M no plan disclosedJulAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026
Sep 28, 2026Damian Mindlin bought 1.43M shares ($5.6M).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Damian Mindlin
Vicepresident
1,432,197$3.89n/an/aSep 28, 2026Oct 2, 2026
Sep 25, 2026Gustavo Mariani bought 25K shares ($2.0M).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Gustavo Mariani
Vicepresident
25,000$78.26n/an/aSep 25, 2026Sep 29, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Why are Pampa Energy Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Pampa Energy Inc. insiders buying?

Yes. 3 officers or directors reported 14 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Marcos Mindlin
Director
$38.2M
11.03M shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Damian Mindlin
Vicepresident
$9.5M
2.66M shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 15 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Ricardo Torres
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ricardo Torres are complete.
VP
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ricardo Torres

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ricardo Torres are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Marcos Mindlin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Marcos Mindlin are complete.
Director
n/a−11.03Mn/an/a
Vesting, gifts, unvested awards and holding lines for Marcos Mindlin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Marcos Mindlin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Damian Mindlin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Damian Mindlin are complete.
Vicepresident
n/a−2.66Mn/an/a
Vesting, gifts, unvested awards and holding lines for Damian Mindlin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Damian Mindlin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Gustavo Mariani
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gustavo Mariani are complete.
Vicepresident
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Gustavo Mariani

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gustavo Mariani are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Horacio Turri
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Horacio Turri are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Horacio Turri

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Horacio Turri are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Mauricio Penta
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mauricio Penta are complete.
Executive Dir-Adm,IT & Supply
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Mauricio Penta

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mauricio Penta are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Carolina Sigwald
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Carolina Sigwald are complete.
VP legal affairs
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Carolina Sigwald

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Carolina Sigwald are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Martin Miliavsky
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Martin Miliavsky are complete.
M&A Executive Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Martin Miliavsky

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Martin Miliavsky are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Iris Valla
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Iris Valla are complete.
Directora de Auditoria Interna
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Iris Valla

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Iris Valla are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Gabriel Szpigiel
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gabriel Szpigiel are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Gabriel Szpigiel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gabriel Szpigiel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ariel Stolar
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ariel Stolar are complete.
Director Petrochemical Busines
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ariel Stolar

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ariel Stolar are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Adolfo Zuberbuhler
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Adolfo Zuberbuhler are complete.
Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Adolfo Zuberbuhler

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Adolfo Zuberbuhler are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Fuente de la
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Fuente de la are complete.
HR Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Fuente de la

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Fuente de la are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Sergio Nabaes
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sergio Nabaes are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Sergio Nabaes

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sergio Nabaes are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Paz Espinosa
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Paz Espinosa are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Paz Espinosa

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Paz Espinosa are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Pampa Energy Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$47.7M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $47.7M across 13,682,977 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $47.7M

Sales with no 10b5-1 plan and no tax reference in the filing. $38.2M of it is Marcos Mindlin. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Marcos Mindlin, May 19, 2026

Purchases · 3 buyers (14 trades)

3 officers and directors bought shares in this period, in 14 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 14 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Marcos Mindlin
Director
11.03M$38.2M0%80%Apr 16, 2026 to Jul 8, 2026
Damian Mindlin
Vicepresident
2.66M$9.5M0%20%Mar 18, 2026 to Jun 3, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$4.3M$0$0$4.3M
Apr 2026$15.7M$0$0$15.7M
May 2026$12.3M$0$0$12.3M
Jun 2026$5.0M$0$0$5.0M
Jul 2026$10.4M$0$0$10.4M
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Known gaps and uncertainty15 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Pampa Energy Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology49 filings on record, 49 filed in the 12-month period, and how we read them

All 49 Forms 3, 4 and 5 on record for Pampa Energy Inc. (SEC CIK 1469395), filed from Mar 12, 2026 to Oct 2, 2026; 49 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (5)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Julia PomaresNo balance on record
Nicolas MindlinNo balance on record
Carolina ZangNo balance on record
Flavia BevilacquaNo balance on record
Alejandro AguzinNo balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.