MercadoLibre Executive Sells Shares Worth 1.4 Billion Won, CFO Makes Minor Purchase

MercadoLibre Inc. (NASDAQ: MELI) disclosed on May 22 that director Alejandro Nicolas Aguzin sold 600 shares of the company’s common stock on the open market at approximately $1,655 per share, generating roughly $1 million (about KRW 1.4 billion) in proceeds. Following this sale, Aguzin’s direct holdings fell to 5,355 shares, including 64 restricted shares. On June 11, Chief Accounting Officer Marcelo Melamud acquired approximately 12.9 shares on the open market at around $1,600 per share (about KRW 2 million), modestly boosting his stake by roughly $30,000 (around KRW 40 million). Earlier, on May 7, several entities—including Meliga No.1 Corp. and trusts related to Galperin—entered into an agreement to file a joint Schedule 13D/A to collectively report future changes in their holdings; however, specific ownership levels and strategic intentions were not disclosed.

Recently, MercadoLibre announced plans to invest approximately $4.6 billion (roughly KRW 6.4 trillion) in Mexico during 2026 to strengthen its logistics, technology and financial services—a 35 percent increase over the prior year’s investment. In the first quarter of 2026, net revenues and financial income rose 49 percent year-over-year to about $8.8 billion (around KRW 12 trillion), extending its top-line growth in Latin America’s e-commerce and fintech markets.

Founded in 1999 and listed on NASDAQ, MercadoLibre is the largest e-commerce and digital financial services company in Latin America. It operates an online marketplace and the fintech platform Mercado Pago across 18 countries—including Brazil, Mexico and Argentina—and has built an integrated ecosystem spanning marketplace operations, payments, logistics, microcredit, advertising and merchant solutions. Investors often refer to it as “Latin America’s Amazon and PayPal rolled into one.”