Grupo Cibest (CIB) director acquires additional pension fund units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. director Nicolas Zapata Zuluaga indirectly acquired additional exposure to the company through units in the Grupo Cibest Equity Securities Fund on April 24, 2026. He received 362.2400 new units in an institutional voluntary pension fund sponsored by Grupo Cibest, bringing his total to 4,025.3893 units.

The fund is managed by an independent third-party, is unitized, and invests primarily in Grupo Cibest common and preferred shares together with a small cash position. The reporting person has no voting or investment discretion over the fund’s assets. Units are payable solely in cash based on fund value at withdrawal and have no expiration date. On April 24, 2026, each unit was valued at COP 25,686.4, approximately $7.21 using a COP 3,560.6 per $1 conversion 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	362.24	$7.21	$3K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 4,025.389 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 uniton April 24,2026 was COP 25,686.4 equal to approximately $7.21 per Unit using a conversion rate of COP 3,560.6 per $1. The instrument has no expiration date.

Key Figures

Units acquired: 362.2400 units Units held after transaction: 4,025.3893 units Unit value in COP: COP 25,686.4 per unit +3 more

6 metrics

Units acquired 362.2400 units Grant/award acquisition on April 24, 2026

Units held after transaction 4,025.3893 units Total Grupo Cibest Equity Securities Fund units

Unit value in COP COP 25,686.4 per unit Fund unit value on April 24, 2026

Unit value in USD equivalent $7.21 per unit Based on COP 3,560.6 per $1 conversion rate

FX conversion rate COP 3,560.6 per $1 Used to translate COP 25,686.4 to $7.21

Expiration No expiration date Instrument representing pension fund units

Key Terms

institutional voluntary pension fund, independent third-party manager, unitized, conversion rate, +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"

independent third-party manager financial

"sponsored by the issuer and administered by an independent third-party manager"

unitized financial

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

conversion rate financial

"using a conversion rate of COP 3,560.6 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.

voluntary cash contribution financial

"The reported units were credited pursuant to a voluntary cash contribution to the fund"

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 04:02 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)
04/24/2026

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⁾	04/24/2026		A		362.24		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$7.21	4,025.3893	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 uniton April 24,2026 was COP 25,686.4 equal to approximately $7.21 per Unit using a conversion rate of COP 3,560.6 per $1.

2. The instrument has no expiration date.

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Nicolas Zapata Zuluaga	04/28/2026
	** 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 did Grupo Cibest (CIB) disclose about director Nicolas Zapata Zuluaga’s recent transaction?

Grupo Cibest reported that director Nicolas Zapata Zuluaga acquired 362.2400 units in the Grupo Cibest Equity Securities Fund. These units are held in an institutional voluntary pension fund sponsored by the company and increase his total fund holdings to 4,025.3893 units.

How are the Grupo Cibest (CIB) pension fund units valued in this Form 4 filing?

On April 24, 2026, each Grupo Cibest Equity Securities Fund unit was valued at COP 25,686.4, approximately $7.21 per unit. The dollar value reflects a stated foreign exchange conversion rate of COP 3,560.6 for each $1 used in the calculation.

Does the Grupo Cibest (CIB) director control the pension fund assets mentioned in the filing?

The filing states the director has no voting or investment discretion over the pension fund’s assets. The institutional voluntary pension fund is administered by an independent third-party manager, even though it is sponsored by Grupo Cibest and invests mainly in the company’s common and preferred shares.

How were the new Grupo Cibest (CIB) pension fund units credited to the director?

According to the disclosure, 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 are payable only in cash based on the fund’s value at the time of withdrawal.

Can the exact number of Grupo Cibest (CIB) shares behind the pension fund units be determined now?

The filing explains that the number of Grupo Cibest shares economically attributable to the units cannot be determined until the date of withdrawal. The fund is unitized and invests mainly in Grupo Cibest shares plus a small cash amount, so underlying share exposure varies over time.

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

The disclosure specifies that the instrument representing the pension fund units has no expiration date. The units are payable solely in cash when withdrawn, with the payout amount based on the value of the Grupo Cibest Equity Securities Fund at the withdrawal date.