Grupo Cibest (NYSE: CIB) director lists indirect pension fund units

Rhea-AI Filing Summary

Grupo Cibest S.A. director Restrepo Echavarria Luis Fernando filed an initial Form 3 showing indirect holdings through an institutional voluntary pension fund sponsored by the company. The position is represented by units in the Grupo Cibest Equity Securities Fund, which invests mainly in Grupo Cibest common and preferred shares.

These units correspond to 39,161.0447 underlying common and preferred shares and are classified as indirect ownership as director voluntary pension fund units. The director has no voting or investment discretion over the fund’s assets, and amounts attributable to the units are payable solely in cash based on fund value at withdrawal. The instrument has no expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Restrepo Echavarria Luis Fernando

Role Director

Type	Security	Shares	Price	Value
holding	Units in Grupo Cibest Equity Securities Fund	--	--	--

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 39,161.0447 shares (Indirect, Director Voluntary Pension Fund Units)

Footnotes (2)

1. F1. The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by a third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of liquid assets and cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund, and the issuer has determined the strategic asset allocation of the fund. Amounts attributable to the reported units are payable solely in cash upon withdrawal determined by reference to the value of the underlying fund assets on the date of withdrawal.
2. F2. The instrument has no expiration date

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Accepted by SEC EDGAR 03/18/2026 - 11:34 AM Learn about SEC filing dates

FAQ

What does the Form 3 for Grupo Cibest (CIB) disclose?

The Form 3 discloses that director Restrepo Echavarria Luis Fernando holds indirect units in a Grupo Cibest-sponsored institutional voluntary pension fund. These units represent exposure to common and preferred shares, with value paid in cash based on the fund’s underlying assets at withdrawal.

How many underlying shares are tied to the reported pension fund units for CIB?

The reported voluntary pension fund units correspond to 39,161.0447 underlying Grupo Cibest common and preferred shares. This exposure is held indirectly through the Grupo Cibest Equity Securities Fund, rather than as directly owned individual shares in the director’s personal brokerage account.

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

No, the director does not have voting or investment discretion over the assets held by the voluntary pension fund. The issuer determines the fund’s strategic asset allocation, and a third-party manager administers the unitized fund that invests primarily in Grupo Cibest shares and liquid assets.

How are amounts from the Grupo Cibest pension fund units paid to the director?

Amounts attributable to the reported units are payable solely in cash upon withdrawal. The cash value is determined by reference to the value of the underlying fund assets on the withdrawal date, rather than by delivering Grupo Cibest shares directly to the reporting person.

Is the reported Grupo Cibest (CIB) pension fund instrument time-limited?

The reported instrument has no expiration date. The derivative summary and footnotes specify that the units in the Grupo Cibest Equity Securities Fund, which reference underlying common and preferred shares, do not have a stated maturity or expiry, remaining outstanding until withdrawn in cash.

How is the Grupo Cibest Equity Securities Fund classified in this Form 3?

It is reported as “Units in Grupo Cibest Equity Securities Fund” with indirect ownership classified as director voluntary pension fund units. The fund is unitized, invests primarily in Grupo Cibest common and preferred shares, and includes a small allocation to liquid assets and cash.

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^*

Restrepo Echavarria Luis Fernando

(Last) (First) (Middle)

CRA. 48 # 26-85

(Street)

MEDELLIN, COLOMBIA 050001

(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 Cibest S.A. [ CIB ]

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)

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
Units in Grupo Cibest Equity Securities Fund(1)	(1)	(2)	Common Shares and Preferred Shares(1)	39,161.0447	(1)	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 a third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of liquid assets and cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund, and the issuer has determined the strategic asset allocation of the fund. Amounts attributable to the reported units are payable solely in cash upon withdrawal determined by reference to the value of the underlying fund assets on the date of withdrawal.

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Luis Fernando Restrepo Echavarria	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)