Is the Grupo Cibest (CIB) pension fund transaction a direct share purchase by the executive?

No. The transaction involves units in an institutional voluntary pension fund that invests mainly in Grupo Cibest shares. The executive holds fund units, not directly purchased company shares, and the position is settled only in cash based on the fund’s value at withdrawal.

How many Grupo Cibest-related pension fund units does the Corporate VP hold after this Form 4?

Following the reported grant/award, the Corporate VP is shown holding 19,899.682 units in the institutional voluntary pension fund. These units represent an indirect economic interest in Grupo Cibest equity securities, with the exact share equivalent determined only on the date of withdrawal.

Grupo Cibest (CIB) VP adds 3,398 pension fund units in equity fund

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. Corporate VP David Alejandro Botero Lopez reported an acquisition of 3,398.332 additional units of an institutional voluntary pension fund sponsored by the company on March 27, 2026. These units are held indirectly as "Employee Voluntary Pension Fund Units" and the fund invests primarily in Grupo Cibest common and preferred shares plus a small cash position.

The filing notes he has no voting or investment discretion over the fund’s assets, and the position is payable only in cash based on the fund’s value at withdrawal. After this grant/award, his fund-related holdings total 19,899.682 units. The unit price on March 27, 2026 was COP 25,701.19, equal to approximately $7.0068 per unit using a COP 3,668 per $1 conversion rate.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Botero Lopez David Alejandro

Role Corporate VP

Type	Security	Shares	Price	Value
Grant/Award	Common Shares and Preferred Shares	3,398.332	$7.0068	$24K

Holdings After Transaction: Common Shares and Preferred Shares — 19,899.682 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: 3,398.332 units Holdings after transaction: 19,899.682 units Unit price: COP 25,701.19 per unit +2 more

5 metrics

Units acquired 3,398.332 units Institutional voluntary pension fund, March 27, 2026

Holdings after transaction 19,899.682 units Total pension fund units following acquisition

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

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

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

Key Terms

institutional voluntary pension fund, unitized, conversion rate, Employee Voluntary Pension Fund Units, +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"

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.

Employee Voluntary Pension Fund Units financial

"nature_of_ownership: Employee Voluntary Pension Fund Units"

Grupo Cibest Equity Securities Fund financial

"underlying_security_title: Units in Grupo Cibest Equity Securities Fund"

Form 4 Insider Transactions: What Each Field Means →

03/30/2026 - 08:36 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^*

Botero Lopez David Alejandro

(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 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)
Common Shares and Preferred Shares⁽¹⁾	⁽¹⁾	03/27/2026		A		3,398.332		⁽¹⁾	⁽²⁾	Units in Grupo Cibest Equity Securities Fund	⁽¹⁾	$7.0068	19,899.682	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 David Alejandro Botero Lopez	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 David Alejandro Botero Lopez?

Grupo Cibest Corporate VP David Alejandro Botero Lopez acquired 3,398.332 additional units in an institutional voluntary pension fund sponsored by the company. These units are held indirectly and reflect economic exposure to Grupo Cibest equity securities through the fund’s investments and valuation.

What was the price of the Grupo Cibest pension fund unit on March 27, 2026?

On March 27, 2026, each unit in the Grupo Cibest equity securities pension fund was priced at COP 25,701.19, approximately $7.0068 per unit using a COP 3,668 per $1 exchange rate. This price is used to value the credited units for the reporting transaction.

Does the Grupo Cibest executive control voting or investment decisions for the pension fund assets?

The filing states the reporting person has no voting or investment discretion over assets held by the institutional voluntary pension fund. An independent third-party manager administers the fund, which is unitized and primarily invested in Grupo Cibest common and preferred shares plus a small cash allocation.

How were the new Grupo Cibest pension fund units credited to the executive’s account?

The units were credited pursuant to a voluntary cash contribution by the reporting person to the institutional pension fund. They were not purchased at a fixed or negotiated price; instead, their value is based on the fund’s unit price and are payable solely in cash upon withdrawal.