Grupo Cibest (NYSE: CIB) director awarded 4,965 pension fund units

Q: What insider transaction did CIB director Zapata Zuluaga Nicolas report?

He reported acquiring 4,965.3212 Units in the Grupo Cibest Equity Securities Fund. These Units are held indirectly through an institutional voluntary pension fund that primarily invests in Grupo Cibest common and preferred shares and a small cash position.

Q: At what price were the pension fund Units for Grupo Cibest (CIB) valued?

On July 16, 2026, each Unit was valued at COP 26,276.515609 , equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1 , as disclosed in the explanatory footnote.

Q: Does the Grupo Cibest (CIB) director control voting or investment decisions for the fund assets?

No. The footnote states the reporting person does not have voting or investment discretion over assets held by the institutional voluntary pension fund, which is administered by an independent third-party manager sponsored by Grupo Cibest.

Q: Do the reported Grupo Cibest (CIB) pension fund Units have an expiration date?

No. A specific footnote clarifies that the instrument has no expiration date . Withdrawals from the fund are payable solely in cash based on the fund’s value on the date of withdrawal, rather than in Grupo Cibest shares.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. director Zapata Zuluaga Nicolas reported an acquisition of 4,965.3212 Units in Grupo Cibest Equity Securities Fund on July 16, 2026, at $8.13 per Unit, increasing his indirect holdings to 9,920.8379 Units. These Units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and administered by an independent manager; the fund is unitized and invests primarily in Grupo Cibest common and preferred shares plus some cash. The director has no voting or investment discretion over the fund’s assets, the instrument has no expiration date, and withdrawals are payable solely in cash based on fund value at withdrawal.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zapata Zuluaga Nicolas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	4,965.321	$8.13	$40K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 9,920.838 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 July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1. The instrument has no expiration date

Key Figures

Units acquired: 4,965.3212 Units Unit value (COP): COP 26,276.515609 per Unit Unit value (USD equivalent): $8.13 per Unit +2 more

5 metrics

Units acquired 4,965.3212 Units Units in Grupo Cibest Equity Securities Fund acquired on July 16, 2026

Unit value (COP) COP 26,276.515609 per Unit Price of a Unit on July 16, 2026

Unit value (USD equivalent) $8.13 per Unit Approximate Unit value using COP 3,233.91 per $1 conversion rate

FX conversion rate COP 3,233.91 per $1 Rate used to translate Unit price into U.S. dollars

Holdings after transaction 9,920.8379 Units Total indirect Units in Grupo Cibest Equity Securities Fund after acquisition

Key Terms

institutional voluntary pension fund, unitized, voting or investment discretion, conversion rate

4 terms

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"

voting or investment discretion financial

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

conversion rate financial

"equal to approximately $8.13 per Unit 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 05:16 PM Accepted by SEC EDGAR 07/17/2026 - 05:15 PM

FAQ

What insider transaction did CIB director Zapata Zuluaga Nicolas report?

He reported acquiring 4,965.3212 Units in the Grupo Cibest Equity Securities Fund. These Units are held indirectly through an institutional voluntary pension fund that primarily invests in Grupo Cibest common and preferred shares and a small cash position.

At what price were the pension fund Units for Grupo Cibest (CIB) valued?

On July 16, 2026, each Unit was valued at COP 26,276.515609, equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1, as disclosed in the explanatory footnote.

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

Following the acquisition, the director’s indirect holdings in the Grupo Cibest Equity Securities Fund total 9,920.8379 Units. These holdings are reported as indirect ownership under the description “Director Voluntary Pension Fund Units.”

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

No. The footnote states the reporting person does not have voting or investment discretion over assets held by the institutional voluntary pension fund, which is administered by an independent third-party manager sponsored by Grupo Cibest.

Do the reported Grupo Cibest (CIB) pension fund Units have an expiration date?

No. A specific footnote clarifies that the instrument has no expiration date. Withdrawals from the fund are payable solely in cash based on the fund’s value on the date of withdrawal, rather than in Grupo Cibest shares.

Are the Grupo Cibest (CIB) pension fund Units purchased at a fixed or negotiated price?

The disclosure explains the reported Units were credited following a voluntary cash contribution and are not purchased at a fixed or negotiated price. Their value depends on the underlying fund, which is unitized and mainly invested in Grupo Cibest shares.

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)
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)

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⁾	07/16/2026		A		4,965.3212		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$8.13	9,920.8379	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 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Nicolas Zapata Zuluaga	07/17/2026
	** 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