Did the Grupo Cibest (CIB) insider make an open-market share purchase?

No. The filing describes an acquisition of units in an institutional voluntary pension fund, not a direct open-market share purchase. The units were credited following a voluntary cash contribution and are payable only in cash based on the fund’s value at withdrawal.

Grupo Cibest (CIB) VP acquires additional voluntary pension fund units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. Corporate Services VP Jaime Alberto Villegas Gutierrez reported an acquisition of 7,757.2400 units in an institutional voluntary pension fund sponsored by the company. These units are held indirectly through an employee voluntary pension fund structure.

The fund is unitized and invests mainly in Grupo Cibest common and preferred shares plus a small cash component. The executive has no voting or investment discretion over the fund’s assets, and the position is payable only in cash based on fund value at withdrawal. After this transaction, the filing shows 50,150.6197 fund units attributable to the reporting person.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Villegas Gutierrez Jaime Alberto

Role Corporate Services VP

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	7,757.24	$7.0068	$54K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 50,150.62 shares (Indirect, Employee Voluntary Pension Fund Units)

Footnotes (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

Key Figures

Units acquired: 7,757.2400 units Holdings after transaction: 50,150.6197 units Unit price in COP: COP 25,701.19 per unit +2 more

5 metrics

Units acquired 7,757.2400 units Institutional voluntary pension fund units credited on March 27, 2026

Holdings after transaction 50,150.6197 units Total institutional voluntary pension fund units attributable after acquisition

Unit price in COP COP 25,701.19 per unit Price of a fund unit on March 27, 2026

Unit price in USD $7.0068 per unit Approximate dollar value using COP 3,668 per $1 conversion rate

FX conversion rate COP 3,668 per $1 Rate used to translate COP unit price to $7.0068

Key Terms

institutional voluntary pension fund, unitized, voting or investment discretion, conversion rate, +1 more

5 terms

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"

voting or investment discretion financial

"The reporting person does not have voting or investment discretion with respect to the assets held by the fund"

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.

payable solely in cash financial

"are payable solely in cash based on the value of the fund on the date of withdrawal"

Form 4 Insider Transactions: What Each Field Means →

03/30/2026 - 08:39 PM

SEC Form 4

FORM 4

UNITED 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^*

Villegas Gutierrez Jaime Alberto

(Last)

(First)

(Middle)

CRA. 48 # 26-85

(Street)

MEDELLIN, COLOMBIA

050001

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Corporate Services 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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Units in Grupo Cibest Equity Securities Fund⁽¹⁾	⁽¹⁾	03/27/2026		A		7,757.24		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$7.0068	50,150.6197	I	Employee 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 Jaime Alberto Villegas Gutierrez	03/30/2026
	** Signature of Reporting Person	Date
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 for its Corporate Services VP?

Grupo Cibest reported that its Corporate Services VP, Jaime Alberto Villegas Gutierrez, acquired 7,757.2400 units in an institutional voluntary pension fund. These units are held indirectly and represent a cash-settled interest linked to Grupo Cibest securities and a small cash component.

How many pension fund units are now attributable to the Grupo Cibest (CIB) executive?

Following the reported acquisition, a total of 50,150.6197 institutional voluntary pension fund units are economically attributable to the executive. This reflects his accumulated interest in the fund, which is tied to Grupo Cibest common and preferred shares and a minor cash allocation.

Does the Grupo Cibest (CIB) executive control voting or investment decisions for these units?

The footnote states the executive does not have voting or investment discretion over the fund’s assets. The institutional voluntary pension fund is administered by an independent third-party manager that handles investment decisions for the Grupo Cibest-related securities and cash component.

How is the value of the Grupo Cibest (CIB) pension fund units determined?

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

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

According to the filing, the pension fund units are payable solely in cash based on the value of the fund at withdrawal. While the fund invests primarily in Grupo Cibest shares, the number of shares economically attributable cannot be determined until that withdrawal date.