Grupo Aval (NYSE: AVAL) director discloses initial share holdings

Rhea-AI Filing Summary

Grupo Aval Acciones Y Valores S.A. director Mauricio Salgar filed an initial Form 3 reporting indirect holdings of the company’s preferred shares. The filing shows 5,769 preferred shares held through his spouse and 3,954 preferred shares held indirectly through Sequoiafam SAS, a company owned and controlled by his spouse. The preferred shares may be represented by American Depositary Shares, with each ADS currently representing 20 preferred shares. This Form 3 records existing ownership rather than new market purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Salgar Mauricio

Role Director

Type	Security	Shares	Price	Value
holding	Preferred Shares	--	--	--
holding	Preferred Shares	--	--	--

Holdings After Transaction: Preferred Shares — 5,769 shares (Indirect, By spouse)

Footnotes (1)

1. The Preferred Shares may be represented by American Depositary Shares, each of which currently represents 20 Preferred Shares. Held by Sequoiafam SAS, a company owned and controlled by Maria Cristina Duarte, the reporting person's spouse.

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Salgar Mauricio

(Last) (First) (Middle)

CARRERA 13 NO. 26A - 47

(Street)

BOGOTA 110311

(City) (State) (Zip)

UNITED STATES

(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)	5,769	I	By spouse
Preferred Shares(1)	3,954	I	See Footnote(2)

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

Explanation of Responses:

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

2. Held by Sequoiafam SAS, a company owned and controlled by Maria Cristina Duarte, the reporting person's spouse.

	/s/ Jose Mauricio Salgar Hurtado	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 Mauricio Salgar report in this Form 3?

He reports existing indirect ownership of preferred shares in Grupo Aval. The filing lists 5,769 preferred shares held through his spouse and 3,954 preferred shares held through Sequoiafam SAS, a company owned and controlled by his spouse, establishing his baseline holdings.

Are there any buy or sell transactions in the Grupo Aval (AVAL) Form 3?

No, the Form 3 reflects holdings only, not new trades. The transactions are coded as holdings with unknown transaction codes, showing shares already owned indirectly, rather than reporting open-market purchases, sales, or option exercises by the director.

How many Grupo Aval (AVAL) preferred shares does Mauricio Salgar report indirectly?

He reports 5,769 preferred shares held indirectly through his spouse and 3,954 preferred shares held indirectly through Sequoiafam SAS. Together, these entries establish his reported indirect preferred share position associated with his role as a director of Grupo Aval.

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

The filing explains that each American Depositary Share currently represents 20 preferred shares. This means investors trading ADSs are dealing with instruments backed by bundles of the company’s preferred shares, according to the ratio disclosed in the footnote.

Who holds the Sequoiafam SAS shares reported in the Grupo Aval (AVAL) Form 3?

The 3,954 preferred shares are held by Sequoiafam SAS, described as a company owned and controlled by Maria Cristina Duarte, the reporting person’s spouse. This makes the director’s interest in those shares indirect via his spouse’s ownership and control.