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Director in Grupo Cibest (CIB) acquires more voluntary pension fund units

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

Rhea-AI Filing Summary

Grupo Cibest S.A. director Ricardo Jaramillo Mejia reported an indirect acquisition of 314.7636 additional units in the Grupo Cibest Equity Securities Fund on May 19, 2026, at approximately $6.29 per unit. This increased his interest in the fund to 7,260.3018 units. The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party, where he has no voting or investment discretion and benefits are payable solely in cash based on the fund’s value at withdrawal.

Positive

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Negative

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Insider Jaramillo Mejia Ricardo
Role null
Type Security Shares Price Value
Grant/Award Units in Grupo Cibest Equity Securities Fund 314.764 $6.29 $2K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 7,260.302 shares (Indirect, Director 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 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
Units acquired 314.7636 units Indirect acquisition in Grupo Cibest Equity Securities Fund on May 19, 2026
Units held after transaction 7,260.3018 units Total units in Grupo Cibest Equity Securities Fund following acquisition
Unit price (USD equivalent) $6.29 per unit Value of one pension fund unit on May 19, 2026
Unit price (COP) COP 23,885.9 per unit Local currency value of one unit on May 19, 2026
Exchange rate COP 3,796.78 per $1 Conversion rate used to derive $6.29 per unit value
institutional voluntary pension fund financial
"units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer"
grant, award, or other acquisition financial
"transaction code A described as Grant, award, or other acquisition"
indirect ownership financial
"ownership_type is indirect with nature of ownership noted as Director Voluntary Pension Fund Units"
underlying security financial
"the fund invests primarily in Grupo Cibest common and preferred shares as the underlying security"
unitized fund financial
"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"
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*
Jaramillo Mejia Ricardo
(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)
XDirector10% 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)
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)05/19/2026A314.7636 (1) (2)Common Shares and Preferred Shares(1)$6.297,260.3018IDirector 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 Ricardo Jaramillo Mejia05/21/2026
** 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 did Grupo Cibest (CIB) director Ricardo Jaramillo report on this Form 4?

He reported an indirect acquisition of 314.7636 units in the Grupo Cibest Equity Securities Fund. These units are held through an institutional voluntary pension fund and reflect additional economic exposure rather than a direct open-market share purchase.

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

After the transaction, the director’s account reflects 7,260.3018 units in the Grupo Cibest Equity Securities Fund. These units are part of an institutional voluntary pension fund arrangement and are ultimately payable in cash based on the fund’s value at withdrawal.

Was this a market purchase of Grupo Cibest (CIB) shares by the director?

No, this was not a market share purchase. The units were credited to a voluntary pension fund account following a cash contribution and are priced based on the fund’s value, not through a fixed or negotiated share transaction in the open market.

Does the Grupo Cibest director control voting or investment decisions for these units?

He does not control voting or investment decisions for these units. The institutional voluntary pension fund is administered by an independent third-party manager, and the director has no voting or investment discretion over the underlying assets in the fund.

How is the value of the Grupo Cibest voluntary pension fund units determined?

The fund is unitized, and each unit’s value is based on the fund’s portfolio, which primarily holds Grupo Cibest common and preferred shares plus some cash. On May 19, 2026, each unit was valued at COP 23,885.9, approximately $6.29 using the stated exchange rate.

Are the Grupo Cibest pension fund units settled in shares or cash at withdrawal?

They are settled solely in cash at withdrawal. Although the fund invests mainly in Grupo Cibest common and preferred shares, the participant receives cash based on the fund’s value on the withdrawal date, not a fixed number of underlying shares.