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Grupo Cibest (NYSE: CIB) director lifts stake to 15,897 pension units

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

Rhea-AI Filing Summary

Grupo Cibest S.A. (CIB) director Luis Fernando Restrepo Echavarria reported an acquisition of 357.66 units in an institutional voluntary pension fund sponsored by the company and administered by an independent third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, plus some cash. The units were credited pursuant to a voluntary cash contribution, are payable solely in cash based on fund value at withdrawal, and have no expiration date. Restrepo Echavarria now holds 15,897.35 units indirectly as “Director Voluntary Pension Fund Units” and does not have voting or investment discretion over the fund’s assets.

Positive

  • None.

Negative

  • None.
Insider Restrepo Echavarria Luis Fernando
Role Director
Type Security Shares Price Value
Grant/Award Units in Grupo Cibest Equity Securities Fund F1, F2 357.66 $9.73 $3K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 15,897.35 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 Unit on August 20, 2026 was COP 29,733.504428 equal to approximately $9.73 per Unit using a conversion rate of COP 3,053.48 per $1.
  2. F2. The instrument has no expiration date.
Units acquired 357.6600 units Grant, award, or other acquisition on August 20, 2026
Price per unit $9.73 per Unit Unit value on August 20, 2026, based on COP/USD conversion
Price per unit in COP COP 29,733.504428 per Unit Unit value on August 20, 2026
FX rate COP 3,053.48 per $1 Conversion rate used to translate unit value to $9.73
Units held after transaction 15,897.3500 units Total institutional voluntary pension fund units indirectly held after acquisition
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"
independent third-party manager financial
"fund sponsored by the issuer and administered by an independent third-party manager"
Director Voluntary Pension Fund Units financial
"nature_of_ownership: Director Voluntary Pension Fund Units"

FAQ

What insider transaction did Grupo Cibest S.A. (CIB) report in this Form 4?
Director Luis Fernando Restrepo Echavarria reported an acquisition of 357.66 units in an institutional voluntary pension fund that is sponsored by Grupo Cibest and invests primarily in its common and preferred shares, plus a small amount of cash.

How many pension fund units in CIB does the director hold after this transaction?
After the reported acquisition, Luis Fernando Restrepo Echavarria holds a total of 15,897.35 units in the institutional voluntary pension fund, reported as indirect ownership under the description “Director Voluntary Pension Fund Units.”

What was the value of the Grupo Cibest (CIB) pension fund units in this transaction?
On August 20, 2026, the price of a unit in the Grupo Cibest institutional voluntary pension fund was COP 29,733.504428, equal to approximately $9.73 per unit using a conversion rate of COP 3,053.48 per $1.

Does the CIB director have control over the pension fund assets?
No. The filing states that the reporting person does not have voting or investment discretion with respect to the assets held by the institutional voluntary pension fund, which is administered by an independent third-party manager.

Are the reported CIB pension fund units share-settled or cash-settled?
The reported units are payable solely in cash based on the value of the fund at the date of withdrawal. The number of Grupo Cibest shares economically attributable to the units cannot be determined until withdrawal, and the instrument has no expiration date.

Were the CIB pension fund units acquired at a fixed purchase price?
No. The footnote explains the units were credited pursuant to a voluntary cash contribution to the fund and are not purchased at a fixed or negotiated price; their value depends on the fund’s unit price at relevant dates.

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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*
Restrepo Echavarria Luis Fernando
(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)
08/20/2026		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)08/20/2026A357.66 (1) (2)Common Shares and Preferred Shares(1)$9.7315,897.35IDirector 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 August 20, 2026 was COP 29,733.504428 equal to approximately $9.73 per Unit using a conversion rate of COP 3,053.48 per $1.
2. The instrument has no expiration date.
Remarks:
/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Luis Fernando Restrepo Echavarria08/24/2026
** 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