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Grupo Cibest (CIB) director acquires 664.56 pension fund units in equity-linked plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Grupo Cibest S.A. director Toro Valencia Juan Esteban reported acquiring 664.5600 units in an institutional voluntary pension fund sponsored by the company. Each unit was valued at approximately $7.26, with the unit price stated as COP 26,765.16 using a COP 3,615.1 per $1 rate.

The units are held indirectly in a unitized fund that invests mainly in Grupo Cibest common and preferred shares plus some cash. An independent third-party manager controls the fund, and the director has no voting or investment discretion over the underlying assets. After this transaction, his fund position increased to 8,309.3686 units, which are payable only in cash based on the fund’s value at withdrawal.

Positive

  • None.

Negative

  • None.
Insider Toro Valencia Juan Esteban
Role Director
Type Security Shares Price Value
Grant/Award Units in Grupo Cibest Equity Securities Fund 664.56 $7.26 $5K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 8,309.3686 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (2)
  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 uniton April 20,2026 was COP 26,765.16 equal to approximately $7.26 per Unit using a conversion rate of COP 3,615.1 per $1.
  2. F2. The instrument has no expiration date
Units acquired 664.5600 units Institutional voluntary pension fund units acquired on April 20, 2026
Unit price (COP) COP 26,765.16 per unit Value of a pension fund unit on April 20, 2026
Unit price (USD equivalent) $7.26 per unit Approximate dollar value using COP 3,615.1 per $1 on April 20, 2026
Units after transaction 8,309.3686 units Total institutional voluntary pension fund units held indirectly after acquisition
Exchange rate COP 3,615.1 per $1 Rate used to convert unit price to approximately $7.26
Conversion or exercise price 0.0000 Reported for the derivative units; instrument has no expiration date
institutional voluntary pension fund financial
"units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest common and preferred shares"
independent third-party manager financial
"sponsored by the issuer and administered by an independent third-party manager"
conversion rate financial
"using a conversion rate of COP 3,615.1 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.
payable solely in cash financial
"are payable solely in cash based on the value of the fund on the date of withdrawal"

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did Grupo Cibest (CIB) report on this Form 4?
Grupo Cibest director Toro Valencia Juan Esteban reported acquiring 664.5600 units in an institutional voluntary pension fund sponsored by the company. These units are linked economically to Grupo Cibest common and preferred shares and are held as an indirect derivative position.

How are the Grupo Cibest (CIB) pension fund units valued in this filing?
The filing states each pension fund unit was valued at COP 26,765.16, equal to approximately $7.26 per unit. This value uses a disclosed exchange rate of COP 3,615.1 per $1, providing a clear reference for the unit price on the transaction date.

Does the Grupo Cibest (CIB) director control voting or investment decisions for these units?
The director does not have voting or investment discretion over the assets held by the institutional voluntary pension fund. An independent third-party manager administers the fund, which invests mainly in Grupo Cibest common and preferred shares along with a small cash component.

How many Grupo Cibest (CIB) pension fund units does the director hold after the transaction?
Following the reported acquisition, the director’s position in the institutional voluntary pension fund increased to 8,309.3686 units. This reflects an indirect economic exposure to Grupo Cibest equity securities through the fund’s holdings rather than direct share ownership.

Are the Grupo Cibest (CIB) pension fund units settled in shares or cash?
The filing explains the reported units are payable solely in cash based on the value of the fund on the withdrawal date. The number of Grupo Cibest shares economically attributable to the units cannot be determined until withdrawal, emphasizing their cash-settled nature.

What kind of security is reported for the Grupo Cibest (CIB) insider transaction?
The reported security is described as Units in Grupo Cibest Equity Securities Fund, categorized as a derivative tied to common and preferred shares. The instrument has no expiration date, and the underlying economic exposure depends on the fund’s portfolio and future withdrawal value.
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*
Toro Valencia Juan Esteban
(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)
04/20/2026		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)

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)04/20/2026A664.56 (1) (2)Common Shares and Preferred Shares(1)$7.268,309.3686IDirector 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 uniton April 20,2026 was COP 26,765.16 equal to approximately $7.26 per Unit using a conversion rate of COP 3,615.1 per $1.
2. The instrument has no expiration date
Remarks:
/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Juan Esteban Toro Valencia04/23/2026
** 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)

Source: View Original Filing on SEC EDGAR