Fernando Adrian Elsztain, a director of Cresud Inc (NASDAQ:CRESY), filed a Form 4 on August 13, 2026, disclosing the sale of 10,000 common shares on August 12, 2026.

Key Highlights

  • Transaction: Fernando Adrian Elsztain disposed of 10,000 common shares of Cresud Inc on August 12, 2026.
  • Price per share: The reported sale price was $1.06 per ordinary share, representing the USD equivalent of ARS 1,671.06 per share.
  • Exchange rate used: The USD price was calculated using an implied exchange rate of 1,583.18 ARS per 1.00 USD.
  • Remaining ownership: Following the transaction, Elsztain directly beneficially owned 635,736 common shares.
  • Transaction code: The transaction was coded "S" (sale) in Table I of the filing.
  • Signatory: The form was signed by Amalia Cristina Sternheim by power of attorney for Fernando Adrian Elsztain.

Cresud Director Fernando Elsztain Reports Common Share Disposal

According to the Form 4 filed with the SEC on August 13, 2026, Fernando Adrian Elsztain, identified as a director of Cresud Inc (NASDAQ:CRESY), sold 10,000 common shares on August 12, 2026. The filing lists the transaction under Table I as a direct disposal (code "S"), at a price of $1.06 per ordinary share.

The filing includes an explanation noting that the reported USD price is the equivalent of ARS 1,671.06 per ordinary share. According to the filing, "this equivalent is calculated based on an implied exchange rate of 1,583.18 ARS per 1.00 USD, resulting in a reported price of USD 1.06 per ordinary share." The filing further states that "this implied rate is derived from the closing price of the Issuer's American Depositary Shares (ADS) on the NYSE on August 12, 2026, relative to the closing price of the underlying ordinary shares on the Bolsas y Mercados Argentinos (BYMA), adjusting for the ratio of 10 ordinary shares per 1 ADS."

Following the reported sale, Elsztain's direct beneficial ownership stood at 635,736 common shares, according to the filing. No derivative securities transactions were reported in Table II. The form was filed by one reporting person and was signed by Amalia Cristina Sternheim acting under a power of attorney on behalf of Elsztain.

What Was Disclosed

The filing disclosed the sale of 10,000 Cresud Inc common shares by director Fernando Adrian Elsztain on August 12, 2026, at a USD-equivalent price of $1.06 per share, leaving him with 635,736 shares held directly.