Pension fund units credited to Grupo Cibest (CIB) director via cash contribution

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria reported an indirect acquisition of 538.582 units in a Grupo Cibest institutional voluntary pension fund on May 19, 2026. These units are held in a director voluntary pension fund and increase his total holdings in the fund to 40,502.3467 units.

The fund is unitized and managed by an independent third-party, investing primarily in Grupo Cibest common and preferred shares plus a small cash position. The director has no voting or investment discretion over the fund’s assets, and the instrument has no expiration date.

The units were credited following a voluntary cash contribution and are payable solely in cash based on the fund’s value at withdrawal. On May 19, 2026, each unit was valued at COP 23,885.9, equal to approximately $6.29 using a COP 3,796.78 per $1 exchange rate.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Restrepo Echavarria Luis Fernando

Role null

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	538.582	$6.29	$3K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 40,502.347 shares (Indirect, Director 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 May 19, 2026 was COP 23,885.9 equal to approximately $6.29 per Unit using a conversion rate of COP 3,796.78 per $1 The instrument has no expiration date

Key Figures

Pension fund units acquired: 538.582 units Unit value in COP: COP 23,885.9 per unit Unit value in USD: Approximately $6.29 per unit +2 more

5 metrics

Pension fund units acquired 538.582 units Grant/award acquisition on May 19, 2026

Unit value in COP COP 23,885.9 per unit Value of a Unit on May 19, 2026

Unit value in USD Approximately $6.29 per unit Based on COP 3,796.78 per $1 on May 19, 2026

Units held after transaction 40,502.3467 units Total director voluntary pension fund units following transaction

Exchange rate used COP 3,796.78 per $1 Conversion rate used to derive ~$6.29 per unit

Key Terms

institutional voluntary pension fund, unitized, independent third-party manager, voting or investment discretion, +2 more

6 terms

institutional voluntary pension fund financial

"The reported securities represent 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"

voting or investment discretion financial

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

payable solely in cash financial

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

conversion rate financial

"using a conversion rate of COP 3,796.78 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 →

05/21/2026 - 04:23 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^*

Restrepo Echavarria Luis Fernando

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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⁾	05/19/2026		A		538.582		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$6.29	40,502.3467	I	Director 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 May 19, 2026 was COP 23,885.9 equal to approximately $6.29 per Unit using a conversion rate of COP 3,796.78 per $1

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Luis Fernando Restrepo Echavarria	05/21/2026
	** 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 in this Form 4?

Grupo Cibest reported that director Luis Fernando Restrepo Echavarria was credited with 538.582 units in an institutional voluntary pension fund. These units are linked to Grupo Cibest securities but are held indirectly within the fund structure.

Is the Grupo Cibest (CIB) director’s Form 4 transaction an open-market stock purchase?

No, the transaction is not an open-market stock purchase. The director received 538.582 pension fund units credited from a voluntary cash contribution, with value tied to a fund that invests primarily in Grupo Cibest shares and some cash.

How many pension fund units does the Grupo Cibest (CIB) director hold after this transaction?

After the transaction, the director holds 40,502.3467 units in the institutional voluntary pension fund. These units represent an indirect economic interest, with value based on the fund’s portfolio and payable solely in cash upon withdrawal.

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

The director does not have voting or investment discretion over assets held by the voluntary pension fund. An independent third-party manager administers the fund, which is unitized and primarily invested in Grupo Cibest common and preferred shares.

How are the Grupo Cibest (CIB) pension fund units valued in this Form 4 filing?

On May 19, 2026 each pension fund unit was valued at COP 23,885.9, approximately $6.29 per unit using a COP 3,796.78 per $1 exchange rate. Payments are made solely in cash based on fund value at withdrawal.

Does the Grupo Cibest (CIB) pension fund instrument have an expiration date?

The instrument representing the pension fund units has no expiration date. The number of Grupo Cibest shares economically attributable to the units is only determinable on the withdrawal date, when the benefit is paid in cash.