Grupo Cibest (NYSE: CIB) reports director pension fund units

Q: What was the per-unit value in the Grupo Cibest (CIB) pension fund on the transaction date?

On July 16, 2026, each fund unit was valued at COP 26,276.515609 , equal to approximately $8.13 per unit using a stated foreign-exchange conversion rate of COP 3,233.91 per $1 for this transaction.

Q: Does the Grupo Cibest (CIB) director control voting or investment decisions for the pension fund assets?

No. The filing states the director has no voting or investment discretion over the assets held by the institutional voluntary pension fund, which is administered by an independent third-party manager despite being sponsored by Grupo Cibest.

Q: Are the reported Grupo Cibest (CIB) pension fund units settled in stock or cash?

The units are payable solely in cash based on the fund’s value at the withdrawal date. The filing notes the exact number of Grupo Cibest shares economically attributable to the units cannot be determined until that withdrawal occurs.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. director Toro Valencia Juan Esteban reported an acquisition of 10,113.5979 units in an institutional voluntary pension fund sponsored by the company on July 16, 2026. The indirectly held units lifted the balance to 19,708.0121 units and are payable only in cash based on fund value; he has no voting or investment discretion over fund assets. The reference price was COP 26,276.515609 ($8.13) per unit using a COP 3,233.91 per $1 conversion rate, and the instrument has no expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Toro Valencia Juan Esteban

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	10,113.598	$8.13	$82K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 19,708.012 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 Unit on July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1. The instrument has no expiration date

Key Figures

Units acquired: 10,113.5979 units Per-unit reference price: COP 26,276.515609 per unit Approximate dollar price: $8.13 per unit +2 more

5 metrics

Units acquired 10,113.5979 units Institutional voluntary pension fund units credited on July 16, 2026

Per-unit reference price COP 26,276.515609 per unit Value of a Unit on July 16, 2026

Approximate dollar price $8.13 per unit Equivalent using COP 3,233.91 per $1 conversion rate

Units held after transaction 19,708.0121 units Total institutional voluntary pension fund units following acquisition

FX conversion rate COP 3,233.91 per $1 Rate used to translate COP 26,276.515609 per Unit to $8.13

Key Terms

institutional voluntary pension fund, unitized, voting or investment discretion, conversion rate

4 terms

institutional voluntary pension fund financial

"units held in an institutional voluntary pension fund sponsored by the issuer"

unitized financial

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

voting or investment discretion financial

"The reporting person does not have voting or investment discretion"

conversion rate financial

"equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 05:20 PM Accepted by SEC EDGAR 07/17/2026 - 05:19 PM

FAQ

What insider transaction did Grupo Cibest (CIB) disclose for its director?

Grupo Cibest reported that director Toro Valencia Juan Esteban had 10,113.5979 units credited to an institutional voluntary pension fund on July 16, 2026, raising his indirectly held fund position to 19,708.0121 units economically linked to Grupo Cibest common and preferred shares.

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

After the reported acquisition, the account associated with the director holds 19,708.0121 units in the institutional voluntary pension fund. These units represent an economic interest in Grupo Cibest common and preferred shares, but are ultimately settled only in cash when withdrawn.

What was the per-unit value in the Grupo Cibest (CIB) pension fund on the transaction date?

On July 16, 2026, each fund unit was valued at COP 26,276.515609, equal to approximately $8.13 per unit using a stated foreign-exchange conversion rate of COP 3,233.91 per $1 for this transaction.

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

No. The filing states the director has no voting or investment discretion over the assets held by the institutional voluntary pension fund, which is administered by an independent third-party manager despite being sponsored by Grupo Cibest.

Are the reported Grupo Cibest (CIB) pension fund units settled in stock or cash?

The units are payable solely in cash based on the fund’s value at the withdrawal date. The filing notes the exact number of Grupo Cibest shares economically attributable to the units cannot be determined until that withdrawal occurs.

Does the Grupo Cibest (CIB) pension fund instrument reported have an expiration date?

According to a footnote, the instrument representing these pension fund units has no expiration date. The position remains outstanding until the participant withdraws value, at which time payment is made in cash based on the fund’s then-current value.

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^*

Toro Valencia Juan Esteban

(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)
07/16/2026

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⁾	07/16/2026		A		10,113.5979		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$8.13	19,708.0121	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 Unit on July 16, 2026 was COP 26,276.515609 equal to approximately $8.13 per Unit using a conversion rate of COP 3,233.91 per $1.

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Juan Esteban Toro Valencia	07/17/2026
	** 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