MercadoLibre Board Member Sells Portion of Shares

On May 22, MercadoLibre, Inc. (NASDAQ: MELI) board member Alejandro Nicolás Aguzin sold 600 shares of common stock in the open market, realizing approximately US$993,000 (about KRW 1.3 billion). The shares changed hands at prices between US$1,655 and US$1,656 per share. After this transaction, Aguzin still holds 5,355 shares, including 64 restricted shares subject to forfeiture and transfer limitations.

In its Q1 2026 results released in early May, MercadoLibre reported revenue that exceeded market expectations, but its earnings missed consensus estimates for the fourth consecutive quarter. This profit shortfall intensified share‐price volatility, pushing the stock close to its 52-week low. Nonetheless, some hedge funds and value investors have viewed the recent decline as a buying opportunity and have been increasing their stakes.

MercadoLibre is a leading big-tech company across Latin America—serving Brazil, Mexico, Argentina and other markets—with e-commerce platforms, digital payments and financial services. Often dubbed the “Amazon of Latin America,” the company was founded by Marcos Galperin, who remains chairman of the board. As of 2026, Ariel Szarfsztejn, formerly head of the commerce division, has assumed the role of CEO.