Grupo Cibest (CIB) director records cash-paid disposition of pension fund units

Rhea-AI Filing Summary

Grupo Cibest S.A. director Silvina Vatnick reported an indirect disposition to the issuer of 1,025.1200 units in the Grupo Cibest Equity Securities Fund on July 8, 2026 at approximately $8.1516 per unit. The units are held in a director voluntary pension fund sponsored by Grupo Cibest and administered by an independent manager, where she has no voting or investment discretion. After this transaction, 21,806.0700 fund units remain indirectly held.

Insights

Equity compensation and governance analyst

Indirect pension fund redemption with cash settlement, limited governance signal.

Director Silvina Vatnick recorded an issuer disposition of 1,025.1200 units in a Grupo Cibest-sponsored voluntary pension fund at about $8.1516 per unit on July 8, 2026. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares plus some cash.

Footnotes state she has no voting or investment discretion over the fund’s assets. The declared units were paid exclusively in cash based on the fund value, using a COP 27,189.750184 unit price and a COP 3,335.50 per $1 conversion rate. With 21,806.0700 units remaining, this looks like routine pension-fund activity rather than an open-market trade in the company’s stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Vatnick Silvina

Role null

Type	Security	Shares	Price	Value
Disposition	Units in Grupo Cibest Equity Securities Fund	1,025.12	$8.1516	$8K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 21,806.07 shares (Indirect, Director Voluntary Pension Fund Units)

Footnotes (1)

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 declared units were paid exclusively in cash, based on the value of the fund on 07/08/2026. The price of a unit on July 8, 2026 was COP 27,189.750184 equal to approximately $8.1516265 per Unit using a conversion rate of COP 3,335.50 per $1. The instrument has no expiration date

Key Figures

Units disposed: 1,025.1200 units Price per unit (USD): $8.1516265 per unit Price per unit (COP): COP 27,189.750184 per unit +2 more

5 metrics

Units disposed 1,025.1200 units Indirect disposition of Grupo Cibest Equity Securities Fund units on July 8, 2026

Price per unit (USD) $8.1516265 per unit Value of a fund unit on July 8, 2026, using COP to USD conversion

Price per unit (COP) COP 27,189.750184 per unit Fund unit value in COP on July 8, 2026

FX conversion rate COP 3,335.50 per $1 Conversion rate used to translate unit price to USD on July 8, 2026

Units remaining 21,806.0700 units Indirectly held Grupo Cibest Equity Securities Fund units after the transaction

Key Terms

Disposition to issuer, institutional voluntary pension fund, unitized, conversion rate

4 terms

Disposition to issuer financial

"transaction_code_description: Disposition to issuer"

institutional voluntary pension fund financial

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

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 3,335.50 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 10:20 AM Accepted by SEC EDGAR 07/10/2026 - 10:20 AM Learn about SEC filing dates

FAQ

What did Grupo Cibest (CIB) director Silvina Vatnick report in this Form 4?

She reported an indirect disposition to the issuer of 1,025.1200 units in the Grupo Cibest Equity Securities Fund on July 8, 2026, held through a director voluntary pension fund.

At what value were the Grupo Cibest (CIB) pension fund units disposed?

The units were valued at COP 27,189.750184 per unit, equal to approximately $8.1516265 per unit using a COP 3,335.50 per $1 conversion rate on July 8, 2026.

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

After disposing of 1,025.1200 units, she indirectly holds 21,806.0700 units in the Grupo Cibest Equity Securities Fund through the director voluntary pension fund structure.

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

No. Footnotes state she does not have voting or investment discretion over assets in the institutional voluntary pension fund, which is administered by an independent third-party manager.

Was the Grupo Cibest (CIB) Form 4 transaction an open-market sale of company shares?

No. The filing describes a disposition to the issuer of fund units in a voluntary pension plan, paid exclusively in cash based on the fund’s value, not an open-market share sale.

What underlying assets back the Grupo Cibest (CIB) pension fund units in this Form 4?

The institutional voluntary pension fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of cash, according to the footnote.

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^*

Vatnick Silvina

(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)
07/08/2026

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)
			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)	07/08/2026		D			1,025.12	(1)	(2)	Common Shares and Preferred Shares	(1)	$8.1516	21,806.07	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 declared units were paid exclusively in cash, based on the value of the fund on 07/08/2026. The price of a unit on July 8, 2026 was COP 27,189.750184 equal to approximately $8.1516265 per Unit using a conversion rate of COP 3,335.50 per $1.

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Silvina Graciela Vatnick	07/10/2026
	** 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)