Grupo Cibest (CIB) director acquires more units in institutional pension fund

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. director Nicolas Zapata Zuluaga reported an acquisition of 406.1874 units in an institutional voluntary pension fund sponsored by the company. These units are held indirectly as “Director Voluntary Pension Fund Units,” bringing his total fund holdings to 4,431.5767 units after the transaction.

The fund is managed by an independent third party and invests mainly in Grupo Cibest common and preferred shares plus some cash. The director has no voting or investment discretion over the fund’s assets, and the units are payable solely in cash based on fund value at withdrawal. On May 19, 2026, each unit was valued at approximately $6.29, based on a COP 23,885.9 price and a COP 3,796.78 per $1 exchange rate.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zapata Zuluaga Nicolas

Role null

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	406.187	$6.29	$3K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 4,431.577 shares (Indirect, Director Voluntary Pension Fund Units)

Footnotes (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 May 19, 2026 was COP 23,885.9 equal to approximately $6.29 per Unit using a conversion rate of COP 3,796.78 per $1 The instrument has no expiration date

Key Figures

Units acquired: 406.1874 units Units held after transaction: 4,431.5767 units Unit value in COP: COP 23,885.9 per unit +2 more

5 metrics

Units acquired 406.1874 units Grant, award, or other acquisition on May 19, 2026

Units held after transaction 4,431.5767 units Total institutional voluntary pension fund units after acquisition

Unit value in COP COP 23,885.9 per unit Price of a unit on May 19, 2026

Unit value in USD $6.29 per unit Approximate value using COP 3,796.78 per $1 exchange rate

Exchange rate COP 3,796.78 per $1 Rate used to derive approximate $6.29 unit value

Key Terms

institutional voluntary pension fund, Grant, award, or other acquisition, indirect, unitized, +1 more

5 terms

institutional voluntary pension fund financial

"units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

indirect financial

"ownership_type": "indirect""

unitized financial

"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"

no voting or investment discretion financial

"The reporting person does not have voting or investment discretion with respect to the assets held by the fund"

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 04:24 PM

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^*

Zapata Zuluaga Nicolas

(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)
05/19/2026

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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Units in Grupo Cibest Equity Securities Fund⁽¹⁾	⁽¹⁾	05/19/2026		A		406.1874		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$6.29	4,431.5767	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 May 19, 2026 was COP 23,885.9 equal to approximately $6.29 per Unit using a conversion rate of COP 3,796.78 per $1

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Nicolas Zapata Zuluaga	05/21/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Grupo Cibest (CIB) report on this Form 4?

Grupo Cibest reported that director Nicolas Zapata Zuluaga acquired 406.1874 units in an institutional voluntary pension fund. The units are linked economically to Grupo Cibest shares but are held indirectly and payable solely in cash at withdrawal based on fund value.

Did the Grupo Cibest (CIB) director buy common stock directly in this Form 4?

No, the director did not buy common stock directly. He acquired units in a unitized voluntary pension fund that primarily holds Grupo Cibest common and preferred shares, plus cash, and the position is settled only in cash at the time of withdrawal.

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

After the reported acquisition, the director holds 4,431.5767 units in the institutional voluntary pension fund. These units represent an indirect economic interest tied to Grupo Cibest securities and cash, without direct voting or investment discretion over the underlying assets.

What was the value of each Grupo Cibest (CIB) pension fund unit on May 19, 2026?

On May 19, 2026, each unit in the fund was priced at COP 23,885.9, equal to approximately $6.29 per unit. This value used a COP 3,796.78 per $1 exchange rate disclosed in the transaction footnote for the reported acquisition.

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

The filing states the director has no voting or investment discretion over assets held by the institutional voluntary pension fund. The fund is administered by an independent third-party manager, and units are merely an economic interest, ultimately payable in cash at withdrawal.

How were the newly acquired Grupo Cibest (CIB) pension fund units credited?

The reported units were credited pursuant to a voluntary cash contribution to the institutional voluntary pension fund. They were not purchased at a fixed or negotiated price, and their eventual cash value depends on the fund’s value at the time of withdrawal.