Grupo Cibest (CIB) VP discloses indirect holdings via employee pension fund units

Rhea-AI Filing Summary

Grupo Cibest S.A. insider reports indirect pension fund holdings

Corporate Services VP Villegas Gutierrez Jaime Alberto filed an initial ownership report showing indirect interests in units of a Grupo Cibest equity securities fund. The units are held in an employee voluntary pension fund that primarily invests in Grupo Cibest common and preferred shares.

The fund is administered by a third-party manager, and the insider has no voting or investment discretion over the underlying assets. Amounts attributable to these units are payable only in cash based on the fund’s value at withdrawal and the instrument has no expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Villegas Gutierrez Jaime Alberto

Role Corporate Services VP

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

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 42,393.379 shares (Indirect, Employee 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 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. The instrument has no expiration date

Understanding Insider Trading Forms →

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
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Villegas Gutierrez Jaime Alberto

(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)

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

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)	42,393.379	(1)	I	Employee 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 Jaime Alberto Villegas Gutierrez	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 the Grupo Cibest (CIB) Form 3 filing report for Villegas Gutierrez?

The Form 3 shows indirect holdings in units of a Grupo Cibest equity securities fund. These units sit in an employee voluntary pension fund that mainly invests in Grupo Cibest common and preferred shares, providing pension-linked exposure rather than direct share ownership.

Does Villegas Gutierrez directly control Grupo Cibest (CIB) shares in this Form 3?

No, the filing states he has no voting or investment discretion over the fund’s assets. A third-party manager administers the institutional voluntary pension fund, and Grupo Cibest determines the fund’s strategic asset allocation, limiting the insider’s direct control over underlying shares.

How are the Grupo Cibest (CIB) pension fund units held by the insider structured?

The reported position involves units in an institutional voluntary pension fund sponsored by Grupo Cibest. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, plus a small amount of liquid assets and cash, creating indirect, pooled exposure for the insider.

Can the insider receive Grupo Cibest (CIB) shares when withdrawing from the pension fund?

No, amounts tied to the reported units are payable solely in cash. Any withdrawal is determined by the value of the underlying fund assets on the withdrawal date, so the insider realizes cash value rather than taking delivery of Grupo Cibest shares directly.

Does the Grupo Cibest (CIB) pension fund instrument reported on Form 3 expire?

According to the disclosure, the instrument has no expiration date. This means the insider’s units in the institutional voluntary pension fund do not automatically terminate on a set date, and their value depends on the fund’s assets over time.

Is the insider’s Grupo Cibest (CIB) position on Form 3 direct or indirect ownership?

The filing classifies the position as indirect ownership through employee voluntary pension fund units. The underlying exposure is to Grupo Cibest common and preferred shares within a managed fund, not directly held shares under the insider’s personal control.