Grupo Cibest director acquires pension fund units

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria reported the acquisition of 492.5200 units in the Grupo Cibest Equity Securities Fund on July 16, 2026, at approximately $8.13 per unit.

Rhea-AI Filing Summary

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria reported the acquisition of 492.5200 units in the Grupo Cibest Equity Securities Fund on July 16, 2026, at approximately $8.13 per unit. These indirect holdings, in an institutional voluntary pension fund with no voting or investment discretion, increased his position to 41,555.5700 units. The derivative instrument has no expiration date. The Form 4/A filing amends a prior report to correct the number of derivative securities acquired and beneficially owned, which had been overstated due to a clerical error.

Insider Trade Summary

Grant/Award: 492.52 shares

Grant/Award 1 txn

Insider Restrepo Echavarria Luis Fernando

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund F1, F2, F3	492.52	$8.13	$4K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 41,555.57 contracts (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 41,555.57 and 82,618.6167 respectively, due to a clerical error.
3. F3. The instrument has no expiration date.

Key Figures

Units acquired: 492.5200 units Unit value in COP: COP 26,276.51 Unit value in USD: $8.13 per unit +2 more

5 metrics

Units acquired 492.5200 units Derivative fund units acquired on July 16, 2026

Unit value in COP COP 26,276.51 Price of one fund unit on July 16, 2026

Unit value in USD $8.13 per unit Approximate value using COP 3,233.91 per $1 conversion

Units after transaction 41,555.5700 units Total derivative fund units beneficially owned following acquisition

FX rate COP 3,233.91 per $1 Conversion rate used to translate unit value into USD

Key Terms

institutional voluntary pension fund, unitized, beneficially owned, derivative securities

4 terms

institutional voluntary pension fund financial

"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"

beneficially owned financial

"correct the number of derivative securities acquired and beneficially owned"

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.

derivative securities financial

"correct the number of derivative securities acquired and beneficially owned"

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Grupo Cibest (CIB) report on July 16, 2026?

Grupo Cibest director Luis Fernando Restrepo Echavarria reported acquiring 492.5200 units of the Grupo Cibest Equity Securities Fund on July 16, 2026. The units were credited to an institutional voluntary pension fund account through a voluntary cash contribution, not a fixed-price market purchase.

How many fund units does the Grupo Cibest (CIB) director hold after this transaction?

Following the reported acquisition, the director’s indirect holdings in the Grupo Cibest Equity Securities Fund total 41,555.5700 units. These units are part of an institutional voluntary pension fund sponsored by Grupo Cibest and administered by an independent manager, with benefits payable solely in cash upon withdrawal.

At what price were the Grupo Cibest (CIB) fund units valued in this filing?

On July 16, 2026, each fund 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 units are not purchased at a fixed or negotiated market price.

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

The Form 4/A corrects a clerical error in the prior Form 4 regarding derivative securities acquired and beneficially owned. Previously reported amounts in two columns were 41,555.57 and 82,618.6167; the amendment states those figures were incorrect and updates them to the accurate values.

Does the Grupo Cibest (CIB) director control the underlying assets of the pension fund units?

No. The filing states the director has no voting or investment discretion over assets in the institutional voluntary pension fund. The fund is unitized, invests mainly in Grupo Cibest common and preferred shares plus some cash, and is managed by an independent third-party manager.

Do the derivative pension fund units reported by Grupo Cibest (CIB) have an expiration date?

The filing specifies that the reported derivative instrument has no expiration date. The units represent an interest in a voluntary pension fund and are payable solely in cash based on the fund’s value on the date of withdrawal, rather than expiring on a set future date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/23/2026 - 05:29 PM Accepted by SEC EDGAR 07/23/2026 - 05:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Restrepo Echavarria Luis Fernando

(Last) (First) (Middle)

CRA. 48 # 26-85

(Street)

MEDELLIN, COLOMBIA 050001

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Units in Grupo Cibest Equity Securities Fund(1)	(1)	07/16/2026		A		492.52(2)		(1)	(3)	Common Shares and Preferred Shares	(1)	$8.13	41,555.57(2)	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 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 41,555.57 and 82,618.6167 respectively, due to a clerical error.

3. The instrument has no expiration date.

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Luis Fernando Restrepo Echavarria	07/23/2026
	** 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 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)