YPF S.A. Director Martina Azcurra Reports Share Vesting and Tax Withholding

Executive Summary

On September 2, 2026, YPF S.A. ($YPF) director Maria Martina Azcurra filed a Form 4 reporting non-derivative equity activity and derivative award grants under the company's Long-Term Incentive Share Award program (Programa de Retribución a Largo Plazo).

Key Transaction Highlights

• Share Award Vesting: Acquired 30,020 shares of Class D Common Stock on August 31, 2026 (Code A) following the vesting of previous incentive awards.
• Tax Withholding: Surrendered 10,507 shares on August 31, 2026 (Code F) at a price of 7,983 ARS per share to satisfy tax withholding obligations.
• Derivative Grants: Received grants totaling 16,750 Long-Term Incentive Share Award units on August 11, 2026, scheduled to vest in July 2027 (8,250 units) and July 2028 (8,500 units), subject to continued employment.
• Ending Ownership: Directly holds 193,803 shares of Class D Common Stock following these transactions (adjusted for the 10-for-1 stock split effective August 4, 2026).

Market & Governance Context

These transactions represent routine equity compensation vesting and standard automatic tax withholding rather than discretionary open-market buying or selling. As such, the market impact is considered low.