Grupo Cibest (CIB) director discloses indirect pension fund and share holdings

Rhea-AI Filing Summary

Grupo Cibest S.A. director Toro Valencia Juan Esteban filed an initial ownership report showing only existing indirect holdings, with no new purchases or sales. He reports units in a Grupo Cibest equity securities fund linked to 6966.2233 underlying common and preferred shares, held in a voluntary pension fund.

He also reports indirect ownership of 50,000 preferred shares and 1,000 common shares through a controlled company. The pension fund units are administered by a third-party manager, and he does not have voting or investment discretion over the fund’s assets; amounts tied to these units are payable solely in cash based on fund value at withdrawal.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Toro Valencia Juan Esteban

Role Director

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

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 6,966.223 shares (Indirect, Director Voluntary Pension Fund Units); Preferred Shares — 50,000 shares (Indirect, Through Controlled Company); Common Shares — 1,000 shares (Indirect, Through Controlled Company)

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

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1. Name and Address of Reporting Person^*

Toro Valencia Juan Esteban

(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)
Preferred Shares	50,000	I	Through Controlled Company
Common Shares	1,000	I	Through Controlled Company

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)	6,966.2233	(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 Juan Esteban Toro Valencia	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 Cibest (CIB) director Toro Valencia report on this Form 3?

He reports his existing indirect holdings in Grupo Cibest securities, not new trades. These include units in an equity securities fund and indirect interests in common and preferred shares through a controlled company, establishing his baseline ownership as a director.

How many Grupo Cibest shares are tied to Toro Valencia’s pension fund units?

The filing links his voluntary pension fund units to 6966.2233 underlying Grupo Cibest common and preferred shares. The fund is unitized, invests mainly in company stock plus some liquid assets and cash, and is administered by an independent third-party manager.

Does Toro Valencia control the investments in the Grupo Cibest pension fund?

No, he does not have voting or investment discretion over the fund’s assets. The issuer determines the fund’s strategic asset allocation, while a third-party manager administers it, and any amounts attributable to his units are paid only in cash based on fund value at withdrawal.

What indirect holdings in Grupo Cibest shares does Toro Valencia disclose?

He discloses indirect ownership of 50,000 preferred shares and 1,000 common shares. These holdings are described as being held through a controlled company, highlighting that his interest is indirect rather than through direct personal share registration.

Are there any purchases or sales of Grupo Cibest stock in this Form 3?

No, the filing shows only existing holdings and no reported buys or sells. All three entries are classified as holdings, with transaction codes and directions listed as unknown, consistent with an initial ownership report rather than a record of trading activity.