Grupo Cibest director adds pension fund units

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria indirectly acquired additional exposure through a pension vehicle.

Rhea-AI Filing Summary

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria indirectly acquired additional exposure through a pension vehicle. On April 20, 2026, he was credited 397.17 units in the Grupo Cibest Equity Securities Fund at about $7.26 per unit, bringing his total to 39,963.7647 units.

The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party. The fund is unitized and invests mainly in Grupo Cibest common and preferred shares plus some cash. He has no voting or investment discretion over the fund’s assets, and the instrument has no expiration date.

The units result from a voluntary cash contribution, are not bought at a fixed or negotiated price, and are payable solely in cash based on the fund’s value when withdrawn. The exact number of Grupo Cibest shares economically linked to these units will only be determinable at withdrawal.

Insider Trade Summary

Grant/Award: 397.17 shares

Grant/Award 1 txn

Insider Restrepo Echavarria Luis Fernando

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	397.17	$7.26	$3K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 39,963.7647 contracts (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 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. F2. The instrument has no expiration date

Key Figures

Units acquired: 397.17 units Total units after transaction: 39,963.7647 units Unit value (local currency): COP 26,765.16 per unit +2 more

5 metrics

Units acquired 397.17 units Credited on April 20, 2026 to Grupo Cibest Equity Securities Fund

Total units after transaction 39,963.7647 units Holdings in Grupo Cibest Equity Securities Fund after acquisition

Unit value (local currency) COP 26,765.16 per unit Price of a unit on April 20, 2026

Unit value (USD equivalent) $7.26 per unit Approximate value using disclosed FX conversion

FX conversion rate COP 3,615.1 per $1 Rate used to convert unit price to US dollars

Key Terms

institutional voluntary pension fund, unitized, voting or investment discretion, payable solely in cash, +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"

voting or investment discretion financial

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

payable solely in cash financial

"and are payable solely in cash based on the value of the fund on the date of withdrawal"

conversion rate financial

"equal to approximately $7.26 per Unit 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Grupo Cibest (CIB) director Luis Fernando Restrepo acquire in this Form 4?

Luis Fernando Restrepo was credited 397.17 units in the Grupo Cibest Equity Securities Fund. These units sit in an institutional voluntary pension fund, giving him cash-settled economic exposure mainly to Grupo Cibest common and preferred shares rather than direct share ownership.

How many fund units does the Grupo Cibest (CIB) director hold after this transaction?

After the April 20, 2026 transaction, the director holds 39,963.7647 units in the Grupo Cibest Equity Securities Fund. This reflects the new 397.17 units credited from a voluntary cash contribution to the institutional voluntary pension fund sponsored by Grupo Cibest.

Does the Grupo Cibest (CIB) director control the underlying assets in the pension fund units?

He does not control the underlying assets. An independent third-party manager administers the institutional voluntary pension fund, and the director has no voting or investment discretion over the fund’s holdings, which are primarily Grupo Cibest shares plus some cash.

How is the value of the Grupo Cibest (CIB) pension fund units determined and paid out?

The units are payable solely in cash based on the fund’s value on the withdrawal date. They are not purchased at a fixed or negotiated price; instead, their value depends on the underlying portfolio, mainly Grupo Cibest shares and cash, when the director redeems them.

Can the number of Grupo Cibest (CIB) shares tied to these pension fund units be calculated now?

The number of shares cannot be determined now. The filing states the number of Grupo Cibest shares economically attributable to the units will only be known on the withdrawal date, when the fund’s composition and value are fixed for cash payout.

What was the price of a Grupo Cibest (CIB) equity fund unit in this Form 4 transaction?

On April 20, 2026, each unit in the Grupo Cibest Equity Securities Fund was valued at COP 26,765.16, approximately $7.26 per unit. This dollar value is based on a COP 3,615.1 per $1 conversion rate disclosed in the filing’s footnote.

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Accepted by SEC EDGAR 04/23/2026 - 05:41 PM EDT Learn about SEC filing dates

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^*

Restrepo Echavarria Luis Fernando

(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)
			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)	04/20/2026		A		397.17		(1)	(2)	Common Shares and Preferred Shares	(1)	$7.26	39,963.7647	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 Luis Fernando Restrepo Echavarria	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)