Pension fund units credited to Grupo Cibest (CIB) board director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. reported that director Sylvia Escovar Gomez indirectly acquired 301.6 units in the Grupo Cibest Equity Securities Fund on April 20, 2026, classified as a grant or other acquisition tied to a voluntary cash contribution.

The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and administered by an independent third-party manager. Escovar has no voting or investment discretion over the fund’s assets. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares plus some cash, but the number of shares attributable to the units cannot be determined until withdrawal. Units are payable solely in cash based on fund value, have no expiration date, and the price per unit on April 20, 2026 was COP 26,765.16, equal to approximately $7.26, bringing Escovar’s total to 39,720.4113 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Escovar Gomez Sylvia

Role null

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	301.6	$7.26	$2K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 39,720.411 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 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. The instrument has no expiration date

Key Figures

Units acquired: 301.6 units Unit price (COP): COP 26,765.16 per unit Unit price (USD): $7.26 per unit +2 more

5 metrics

Units acquired 301.6 units Grant/award acquisition on April 20, 2026

Unit price (COP) COP 26,765.16 per unit Value of a unit on April 20, 2026

Unit price (USD) $7.26 per unit Approximate value using COP 3,615.1 per $1

Total units after transaction 39,720.4113 units Holdings following April 20, 2026 acquisition

FX conversion rate COP 3,615.1 per $1 Used to translate COP unit price to about $7.26

Key Terms

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

unitized financial

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

independent third-party manager financial

"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.

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 →

04/23/2026 - 05:40 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^*

Escovar Gomez Sylvia

(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)
04/20/2026

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⁾	04/20/2026		A		301.6		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$7.26	39,720.4113	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 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 Sylvia Escovar Gomez	04/23/2026
	** 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) disclose in this Form 4?

Grupo Cibest disclosed that director Sylvia Escovar Gomez indirectly acquired 301.6 units in the Grupo Cibest Equity Securities Fund on April 20, 2026. The transaction was classified as a grant or other acquisition linked to a voluntary cash contribution into a company-sponsored pension fund.

How many Grupo Cibest pension fund units does Sylvia Escovar hold after this transaction?

After this transaction, Sylvia Escovar holds 39,720.4113 units in the Grupo Cibest Equity Securities Fund. These units are part of an institutional voluntary pension fund arrangement and are economically linked to a portfolio investing primarily in Grupo Cibest common and preferred shares plus some cash.

What was the value of Grupo Cibest pension fund units acquired on April 20, 2026?

On April 20, 2026, each Grupo Cibest Equity Securities Fund unit was valued at COP 26,765.16, approximately $7.26 per unit using a COP 3,615.1 per $1 rate. Escovar’s 301.6 new units therefore represent additional pension fund value at that quoted unit price.

Does Sylvia Escovar control how Grupo Cibest pension fund assets are invested?

No. The filing states Escovar does not have voting or investment discretion over the assets held by the institutional voluntary pension fund. The fund is administered by an independent third-party manager, which oversees investments primarily in Grupo Cibest common and preferred shares plus some cash.

How are Grupo Cibest Equity Securities Fund units ultimately settled for Sylvia Escovar?

The filing explains that the reported units are payable solely in cash based on the value of the fund on the date of withdrawal. Because of this cash-settlement structure, the exact number of Grupo Cibest shares economically attributable to the units cannot be determined until withdrawal.

Do the Grupo Cibest pension fund units held by Sylvia Escovar have an expiration date?

No. A footnote states that the instrument representing the units has no expiration date. This means Escovar’s units in the institutional voluntary pension fund remain outstanding until she withdraws value, at which point payment is based on the fund’s value on that withdrawal date.