YPF Director Jose Daniel Alvarez Acquires Initial 3,000 Share Stake

Insider Filing Analysis: YPF Sociedad Anónima (Form 4)

Executive Summary

On October 9, 2026, YPF Director Jose Daniel Alvarez reported the direct acquisition of 3,000 shares of YPF Class D Common Stock through multiple transactions executed on the same date. The acquisitions totaled approximately $15,828 in value, establishing a new direct equity position of 3,000 shares.

Transaction Details

• Reporting Owner: Jose Daniel Alvarez (Director)
• Security: Class D Common Stock
• Date: October 9, 2026
• Transaction Structure: Executed across seven tranches at local Argentine Peso (AR$) prices ranging from AR$8,015.00 to AR$8,130.00 per share, converted to USD at the Banco de la Nación Argentina exchange rate (USD 1.00 = AR$ 1,535.00), yielding prices between $5.22 and $5.30 per share.
• Aggregate Volume: 3,000 shares
• Aggregate Consideration: $15,828.00
• Post-Transaction Holdings: 3,000 shares held directly

Significance and Context

While any direct acquisition by a board member reflects positive alignment with shareholders, the overall dollar volume (~$15.8k) is modest relative to YPF's market capitalization and institutional trading volume. Consequently, the transaction is rated as Low trading significance, serving primarily as an initial personal equity stake for the director.