Two insiders at Pampa Energy Inc. (PAM) have recently sold shares totaling approximately $10.45 million. Marcos Marcelo Mindlin, a Director and 10% Owner, executed two separate sales on July 8, 2026, and July 1, 2026.

The first transaction involved 1,500,000 shares sold at $3.55 per share, amounting to $5.33 million. The second sale consisted of 1,502,000 shares at $3.41 per share, totaling $5.12 million.

While insider selling can be attributed to various personal financial decisions such as diversification or tax planning, these substantial, clustered sales by a key insider may draw investor attention. This activity follows recent insider purchases by Mr. Mindlin in late June.