Mindlin reported a 435,000-share Pampa Energy purchase

What did the Form 4 report?

The SEC Form 4 identifies Marcos Marcelo Mindlin as a Director of Pampa Energy (PAM) and reports an open-market purchase of 435,000 shares at $80.78 each, or about $35.1M. The transaction date was Oct 15, 2026.

The Form 4 was filed on Oct 16, 2026, 1 day later. It reports a holding of 7,191,339 shares after the purchase, an increase of about 6.4% over the estimated holding before.

How does the purchase compare with other filings?

In the 365 days to Oct 16, 2026, OQRO holds 9 other open-market purchases by Marcos Marcelo Mindlin, about $14.5M in total. All 9 were at Pampa Energy. OQRO also holds 7 open-market sales by Marcos Marcelo Mindlin in that period, about $38.2M.

The previous open-market purchase by Marcos Marcelo Mindlin on record at OQRO was 2 months earlier. Only 3 of this person’s disclosed purchases have had 90 days since they were reported, too few for OQRO to show a result. OQRO’s insider records for Pampa Energy begin on Mar 20, 2026, so there is not enough history for a 12-month baseline.

In the 90 days to Oct 16, 2026, 8 other open-market purchases, about $16.4M by 3 insiders, were filed. These comparisons use only the filings OQRO holds. See Pampa Energy on OQRO.

What other insider and fund filings are on record?

The largest other filings of the same kind in the period were Damian Miguel Mindlin, Vicepresident, with about $4.4M filed Oct 2, 2026, and Gustavo Mariani, Vicepresident, with about $1.96M filed Sep 29, 2026. See the Damian Miguel Mindlin filing and the Gustavo Mariani filing.

Fund 13F filings recorded in the 90 days to Oct 16, 2026 show 2 new or larger positions and 0 smaller or closed positions in Pampa Energy. In 13F filings for the quarter ended Jun 30, 2026, the largest positions that grew were Itau Unibanco Holding S.A., increased to 19,015 shares, and Candriam S.C.A., a new position. The largest that shrank were BW Gestao de Investimentos Ltda. and Banco Santander, S.A., both sold out. A 13F is a quarter-end snapshot with no trade date.

What was on record around the transaction date?

PAM closed at $80.48 on Oct 15, 2026, the last session on or before the trade date. From Sep 15, 2026 to Oct 15, 2026, the close moved from $86.81 to $80.48, a change of −7.3%. Share-price moves are context only; the filing does not explain them, and other news can move a price.

Press coverage listed by Finnhub included “Pampa Energia: One Of The Greatest Argentine Bargains,” published by SeekingAlpha on Oct 10, 2026. The SeekingAlpha listing is listed as published by the outlet; OQRO has not checked the headline and does not summarise articles. FINRA short interest for PAM on the settlement date of Sep 30, 2026 was 354,843 shares (-3.32% on the previous report), about 2.02 days of average volume.

What this does not tell you?

A Form 4 reports a transaction; it does not say why it was made. General background: many companies let insiders trade only in a window that opens after results, and a sale can also follow an option exercise, a tax bill or a pre-arranged plan. A Form 4 does not say which of these applies here. OQRO notes a plan only when a footnote of the filing says so.

The filing does not explain share-price moves, and other news can move a price. Comparisons use only the filings OQRO holds. This describes public filings and is not investment advice.