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Grupo Cibest (NYSE: CIB) VP acquires 5,744 fund units in pension plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Echavarria Uribe Claudia Patricia reported acquisition or exercise transactions in this Form 4 filing.

Grupo Cibest S.A. Corporate Governance VP Claudia Patricia Echavarria Uribe had 5,744.035 units in the Grupo Cibest Equity Securities Fund credited to her account on March 27, 2026. These indirect holdings are in an institutional voluntary pension fund sponsored by Grupo Cibest and run by an independent manager.

The fund is unitized and invests mainly in Grupo Cibest common and preferred shares plus a small cash position. The reporting person has no voting or investment discretion over the fund’s assets. The units were credited following a voluntary cash contribution and are payable only in cash at withdrawal, based on the fund’s value then.

Positive

  • None.

Negative

  • None.
Insider Echavarria Uribe Claudia Patricia
Role Corporate Governance VP
Type Security Shares Price Value
Grant/Award Units in Grupo Cibest Equity Securities Fund 5,744.035 $7.0068 $40K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 5,744.035 shares (Indirect, Employee Voluntary Pension Fund Units)
Footnotes (1)
  1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a unit on March 27,2026 was COP 25,701.19 equal to approximately $7.0068 per Unit using a conversion rate of COP 3,668 per $1 The instrument has no expiration date
Fund units acquired 5,744.035 units Units in Grupo Cibest Equity Securities Fund credited March 27, 2026
Price per unit (USD equivalent) $7.0068 per unit Unit price on March 27, 2026, based on disclosed FX rate
Price per unit (COP) COP 25,701.19 per unit Fund unit value on March 27, 2026
FX conversion rate COP 3,668 per $1 Used to convert COP price to $7.0068 per unit
Post-transaction fund units 5,744.035 units Total units held indirectly following this acquisition
institutional voluntary pension fund financial
"units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"
independent third-party manager financial
"sponsored by the issuer and administered by an independent third-party manager"
Employee Voluntary Pension Fund Units financial
"nature_of_ownership: Employee Voluntary Pension Fund Units"
conversion rate financial
"using a conversion rate of COP 3,668 per $1"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Echavarria Uribe Claudia Patricia
(Last)(First)(Middle)
CRA. 48 # 26-85
(Street)
MEDELLIN, COLOMBIA050001
(City)(State)(Zip)
COLOMBIA
(Country)		2. Issuer Name and Ticker or Trading Symbol
Grupo Cibest S.A. [ CIB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Corporate Governance VP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Units in Grupo Cibest Equity Securities Fund(1)(1)03/27/2026A5,744.035 (1) (2)Common Shares and Preferred Shares(1)$7.00685,744.035IEmployee Voluntary Pension Fund Units(1)
Explanation of Responses:
1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a unit on March 27,2026 was COP 25,701.19 equal to approximately $7.0068 per Unit using a conversion rate of COP 3,668 per $1
2. The instrument has no expiration date
Remarks:
/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Claudia Patricia Echavarria Uribe03/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Grupo Cibest (CIB) report on this Form 4?

Grupo Cibest reported that Corporate Governance VP Claudia Patricia Echavarria Uribe acquired 5,744.035 units in the Grupo Cibest Equity Securities Fund. The units were credited to an institutional voluntary pension fund account through a voluntary cash contribution, not via an open-market stock purchase.

Does the Grupo Cibest (CIB) VP control the pension fund assets reported?

No. The filing states the reporting person has no voting or investment discretion over assets in the institutional voluntary pension fund. An independent third-party manager administers the fund, which mainly holds Grupo Cibest common and preferred shares plus some cash on a unitized basis.

How is the value of the Grupo Cibest Equity Securities Fund units determined?

The units are valued based on the fund’s value on the date of withdrawal. On March 27, 2026, each unit was priced at COP 25,701.19, equal to approximately $7.0068 per unit using a COP 3,668 per $1 conversion rate disclosed.

Are the Grupo Cibest (CIB) pension fund units settled in shares or cash?

The filing explains that the reported units are payable solely in cash when withdrawn, based on the then-current fund value. Although the fund mainly invests in Grupo Cibest common and preferred shares, the number of shares attributable to the units is determined only at withdrawal.

What type of security is reported in this Grupo Cibest (CIB) Form 4?

The Form 4 reports “Units in Grupo Cibest Equity Securities Fund,” classified as derivative securities. These units are tied economically to Grupo Cibest common and preferred shares through an institutional voluntary pension fund structure, rather than being direct share holdings in the company.