Director at Grupo Aval (NYSE: AVAL) reports initial share ownership

Rhea-AI Filing Summary

Grupo Aval Acciones Y Valores S.A. director Alvaro de Jesus Velasquez Cock filed an initial Form 3 reporting his existing equity position. He holds 8,264 Common Shares directly, linked to 8,264 underlying Preferred Shares, and 11,538 Preferred Shares directly. The Preferred Shares may be represented by American Depositary Shares, each currently representing 20 Preferred Shares, and Common Shares may be exchanged into Preferred Shares on a one-for-one basis as long as Preferred Shares do not exceed 50% of the company’s total subscribed share capital.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Velasquez Cock Alvaro de Jesus

(Last) (First) (Middle)

C/O GRUPO AVAL ACCIONES Y VALORES S.A

CARRERA 13 NO. 26A - 47

(Street)

BOGOTA 110311

(City) (State) (Zip)

COLOMBIA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Grupo Aval Acciones Y Valores S.A. [ AVAL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Preferred Shares(1)	11,538	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Shares	(2)	(2)	Preferred Shares	8,264	(2)	D

Explanation of Responses:

1. The Preferred Shares may be represented by American Depositary Shares, each of which currently represents 20 Preferred Shares.

2. Holders of Common Shares may exchange their Common Shares for Preferred Shares, on a one-for-one basis, provided that the Preferred Shares do not exceed 50% of the Issuer's total subscribed share capital.

	/s/ Javier R. Arias Correa, as attorney-in-fact	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Grupo Aval (AVAL) director Velasquez Cock report on this Form 3?

The Form 3 shows director Alvaro de Jesus Velasquez Cock’s existing ownership in Grupo Aval. He reports direct holdings of both Common Shares and Preferred Shares, establishing his baseline equity position as an insider without indicating new market transactions.

How many Grupo Aval (AVAL) Common Shares does Velasquez Cock report owning?

He reports 8,264 Common Shares held directly. These Common Shares are linked to 8,264 underlying Preferred Shares, reflecting the company’s capital structure where Common Shares can be exchanged into Preferred Shares under specific conditions described in the footnotes.

How many Grupo Aval (AVAL) Preferred Shares does Velasquez Cock report owning?

He reports 11,538 Preferred Shares held directly. The filing also notes that Preferred Shares may be represented by American Depositary Shares, and that Common Shares can be exchanged one-for-one into Preferred Shares within a 50% capital limit.

How are Grupo Aval (AVAL) Preferred Shares represented by American Depositary Shares?

The filing explains that Preferred Shares may be represented by American Depositary Shares. Each American Depositary Share currently represents 20 Preferred Shares, providing a way for investors to hold an interest in the Preferred Shares through a U.S.-listed instrument.

Can Grupo Aval (AVAL) Common Shares be exchanged for Preferred Shares?

Yes. Holders of Common Shares may exchange their Common Shares for Preferred Shares on a one-for-one basis. This exchange is allowed provided that the total Preferred Shares do not exceed 50% of Grupo Aval’s total subscribed share capital at the time.

Does this Grupo Aval (AVAL) Form 3 show any insider buying or selling?

No specific buying or selling transactions are indicated. The Form 3 functions as an initial statement of beneficial ownership, listing the director’s existing Common and Preferred Share holdings rather than reporting new market trades or option exercises.