Grupo Cibest director disposes pension fund units

Grupo Cibest S.A. reported that 1,117.1400 units of the Grupo Cibest Equity Securities Fund associated with director Silvina Vatnick were disposed of to the issuer on April 15, 2026.

Rhea-AI Filing Summary

Grupo Cibest S.A. reported that 1,117.1400 units of the Grupo Cibest Equity Securities Fund associated with director Silvina Vatnick were disposed of to the issuer on April 15, 2026. These units are held 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 a small cash balance, but the reporting person has no voting or investment discretion over the fund’s assets. The units were redeemed exclusively for cash at approximately $7.68 per unit, based on a value of COP 27,488.29 and a COP 3,578.82 per $1 conversion rate. Following this redemption, 23,775.9641 fund units remain attributed to the reporting person.

Insider Trade Summary

Disposition: 1,117.14 shares

Disposition 1 txn

Insider Vatnick Silvina

Role Director

Type	Security	Shares	Price	Value
Disposition	Units in Grupo Cibest Equity Securities Fund	1,117.14	$7.68	$9K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 23,775.9641 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 declared units were paid exclusively in cash, based on the value of the fund on 15/04/2026. The price of a unit on April 15,2026 was COP 27,488.29 equal to approximately $7.68 per Unit using a conversion rate of COP 3,578.82 per $1.
2. F2. The instrument has no expiration date

Key Figures

Units disposed: 1,117.1400 units Unit price (USD): $7.68 per unit Unit price (COP): COP 27,488.29 per unit +2 more

5 metrics

Units disposed 1,117.1400 units Grupo Cibest Equity Securities Fund units disposed on April 15, 2026

Unit price (USD) $7.68 per unit Approximate value of a fund unit on April 15, 2026

Unit price (COP) COP 27,488.29 per unit Value of a fund unit on April 15, 2026

FX conversion rate COP 3,578.82 per $1 Rate used to convert COP unit value into U.S. dollars

Units remaining 23,775.9641 units Fund units remaining attributed to the reporting person after disposition

Key Terms

institutional voluntary pension fund, independent third-party manager, disposition to issuer, conversion rate

4 terms

institutional voluntary pension fund financial

"The reported securities represent 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"

disposition to issuer financial

"transaction_action: issuer disposition; transaction_code_description: Disposition to issuer"

conversion rate financial

"using a conversion rate of COP 3,578.82 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 insider transaction did Grupo Cibest (CIB) disclose in this Form 4?

Grupo Cibest disclosed a disposition of 1,117.1400 units in the Grupo Cibest Equity Securities Fund associated with director Silvina Vatnick. The units were redeemed for cash on April 15, 2026, as part of an institutional voluntary pension fund arrangement.

Does Grupo Cibest director Silvina Vatnick control the pension fund assets?

No. The filing states the institutional voluntary pension fund is administered by an independent third-party manager, and the reporting person has no voting or investment discretion over the assets, even though the units are attributed to her for reporting purposes.

How were the Grupo Cibest pension fund units valued in this transaction?

The units were valued at COP 27,488.29 each on April 15, 2026, equal to approximately $7.68 per unit. This valuation used an exchange rate of COP 3,578.82 per $1 to translate the Colombian peso value into U.S. dollars.

What was the size of the remaining Grupo Cibest pension fund position after the disposition?

After disposing of 1,117.1400 units, the Form 4 reports 23,775.9641 units remaining in the Grupo Cibest Equity Securities Fund associated with the director. These units continue to be held within the institutional voluntary pension fund structure sponsored by the issuer.

Was this Grupo Cibest Form 4 an open-market sale of common shares?

No. The transaction involved units of an institutional voluntary pension fund, not a direct open-market sale of Grupo Cibest shares. The units were redeemed for cash with the issuer, and the director lacks voting and investment discretion over the underlying assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/23/2026 - 06:44 PM 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^*

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)
04/15/2026

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)	04/15/2026		D			1,117.14	(1)	(2)	Common Shares and Preferred Shares	(1)	$7.68	23,775.9641	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 15/04/2026. The price of a unit on April 15,2026 was COP 27,488.29 equal to approximately $7.68 per Unit using a conversion rate of COP 3,578.82 per $1.

2. The instrument has no expiration date

Remarks:

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