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Grupo Cibest (NYSE: CIB) director gains pension fund units in Form 4/A

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(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Grupo Cibest S.A. director Andres Felipe Mejia Cardona reported the acquisition of 726.04 units in an institutional voluntary pension fund sponsored by the company, bringing his indirect holdings to 74,988.16 units. Each unit was valued at COP 26,276.51 (about $8.13) on July 16, 2026, and the instrument has no expiration date.

The fund is unitized, invested mainly in Grupo Cibest common and preferred shares plus cash, and administered by an independent manager, so the director has no voting or investment discretion and benefits only in cash based on withdrawal value. This Form 4/A amends a prior filing to correct derivative securities acquired and beneficially owned that were previously misstated due to a clerical error.

Positive

  • None.

Negative

  • None.
Insider Mejia Cardona Andres Felipe
Role Director
Type Security Shares Price Value
Grant/Award Units in Grupo Cibest Equity Securities Fund F1, F2, F3 726.04 $8.13 $6K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 74,988.16 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (3)
  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 an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on July 16, 2026 was COP 26,276.51 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.
  2. F2. The Form 4/A amends the Form 4 filed on July 17, 2026, to correct the number of derivative securities acquired and beneficially owned following the reported transaction in Column 5 and 9, which were previously reported as 74,988.614 and 149,250.2816 respectively, due to a clerical error.
  3. F3. The instrument has no expiration date.
Units acquired 726.0400 units Units in Grupo Cibest Equity Securities Fund credited on July 16, 2026
Indirect units held after transaction 74,988.1600 units Total fund units indirectly held after the reported acquisition
Unit value in COP COP 26,276.51 Price of a Unit on July 16, 2026
Unit value in USD $8.13 per Unit Approximate value using a COP 3,233.91 per $1 conversion rate
FX conversion rate COP 3,233.91 per $1 Rate used to convert COP 26,276.51 into $8.13 per Unit
Previously reported acquired units 74,988.614 Original, incorrect number of derivative securities acquired cited as clerical error
Previously reported beneficially owned units 149,250.2816 Original, incorrect number of derivative securities beneficially owned cited as clerical error
institutional voluntary pension fund financial
"The reported securities represent units held by the reporting person in an institutional voluntary pension fund"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"
beneficially owned financial
"to correct the number of derivative securities acquired and beneficially owned following the reported transaction"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
conversion rate financial
"using a conversion rate of COP 3,233.91 per $1"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.

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FAQ

What insider transaction did Grupo Cibest (CIB) disclose in this Form 4/A?

Grupo Cibest (CIB) disclosed that director Andres Felipe Mejia Cardona acquired 726.04 units in the Grupo Cibest Equity Securities Fund. These units are held indirectly through a voluntary pension fund and increased his reported holdings to 74,988.16 units as of July 16, 2026.

How are the reported pension fund units for Grupo Cibest (CIB) valued?

On July 16, 2026, each reported unit was valued at COP 26,276.51, equal to approximately $8.13 per unit using a conversion rate of COP 3,233.91 per $1. The director’s benefit is based on the cash value at withdrawal.

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

No. The filing states the director has no voting or investment discretion over the fund assets. An independent third-party manager administers the institutional voluntary pension fund, which is invested mainly in Grupo Cibest common and preferred shares together with a small amount of cash.

What correction does this amended Form 4/A make for Grupo Cibest (CIB)?

The amendment corrects clerical errors in the previously reported number of derivative securities acquired and beneficially owned. Earlier figures in Columns 5 and 9 were misstated as 74,988.614 and 149,250.2816 units, and this filing updates them to the accurate amounts.

Is the Grupo Cibest (CIB) pension fund instrument subject to an expiration date?

No. A footnote explains that the instrument has no expiration date. The reported units are payable solely in cash based on the value of the fund on the date of withdrawal, and the exact number of underlying shares cannot be determined until that time.

Was the Grupo Cibest (CIB) director’s transaction under a Rule 10b5-1 trading plan?

The Form 4/A indicates the transaction was not made pursuant to a Rule 10b5-1 plan. The document-level Rule 10b5-1 checkbox is explicitly left unchecked, so the acquisition is not reported as pre-arranged under such a trading plan.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mejia Cardona Andres Felipe

(Last)(First)(Middle)
CRA. 48 # 26-85

(Street)
MEDELLIN, COLOMBIA050001

(City)(State)(Zip)

COLOMBIA

(Country)
2. Issuer Name and Ticker or Trading Symbol
Grupo Cibest S.A. [ CIB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
07/17/2026
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Units in Grupo Cibest Equity Securities Fund(1)(1)07/16/2026A726.04(2) (1) (3)Common Shares and Preferred Shares(1)$8.1374,988.16(2)IDirector 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 an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund. The reported units were credited pursuant to a voluntary cash contribution to the fund, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the value of the fund on the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The price of a Unit on July 16, 2026 was COP 26,276.51 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.
2. The Form 4/A amends the Form 4 filed on July 17, 2026, to correct the number of derivative securities acquired and beneficially owned following the reported transaction in Column 5 and 9, which were previously reported as 74,988.614 and 149,250.2816 respectively, due to a clerical error.
3. The instrument has no expiration date.
Remarks:
/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Andres Felipe Mejia Cardona07/23/2026
** Signature of Reporting PersonDate
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 4 (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 4: SEC 1474 (03-26)