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Grupo Cibest (CIB) director adds units in company voluntary pension fund

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

Rhea-AI Filing Summary

Grupo Cibest S.A. director Jaramillo Mejia Ricardo reported an acquisition of 283.1200 additional units in a company-sponsored institutional voluntary pension fund that is administered by an independent third-party manager. These units are an indirect, derivative interest tied primarily to Grupo Cibest common and preferred shares.

The units were credited on the basis of a voluntary cash contribution to the fund at a reference value of about $7.90 per unit (COP 27,081.70). Following this transaction, a total of 7,543.4218 units are held in the director’s voluntary pension fund account. The director has no voting or investment discretion over the fund’s underlying assets, and benefits are ultimately payable only in cash based on the fund’s value at withdrawal.

Positive

  • None.

Negative

  • None.
Insider Jaramillo Mejia Ricardo
Role null
Type Security Shares Price Value
Grant/Award Units in Grupo Cibest Equity Securities Fund 283.12 $7.90 $2K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 7,543.422 shares (Indirect, Director Voluntary Pension Fund Units)
Footnotes (1)
  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 June 17, 2026 was COP 27,081.70 equal to approximately $7.90 per Unit using a conversion rate of COP 3,427.07 per $1. The instrument has no expiration date
Units acquired 283.1200 units Grant/award acquisition on June 17, 2026
Units held after 7,543.4218 units Total institutional voluntary pension fund units after transaction
Unit value (COP) COP 27,081.70 per unit Value of one unit on June 17, 2026
Unit value (USD equivalent) $7.90 per unit Approximate value using COP 3,427.07 per $1 conversion rate
FX conversion rate COP 3,427.07 per $1 Rate used to convert unit price to USD equivalent
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"
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"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
derivative financial
"transaction_type": "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
conversion rate financial
"using a conversion rate of COP 3,427.07 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.
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Learn about SEC filing dates
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*
Jaramillo Mejia Ricardo

(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)
06/17/2026
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)06/17/2026A283.12 (1) (2)Common Shares and Preferred Shares(1)$7.97,543.4218IDirector 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 June 17, 2026 was COP 27,081.70 equal to approximately $7.90 per Unit using a conversion rate of COP 3,427.07 per $1.
2. The instrument has no expiration date
Remarks:
/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Ricardo Jaramillo Mejia06/22/2026
** 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)

FAQ

What insider transaction did Grupo Cibest (CIB) report on this Form 4?

Grupo Cibest director Jaramillo Mejia Ricardo reported receiving 283.1200 additional units in an institutional voluntary pension fund sponsored by the company, increasing his indirect, fund-based exposure tied primarily to Grupo Cibest common and preferred shares.

Was the Grupo Cibest (CIB) Form 4 transaction an open-market purchase or sale?

No, the Form 4 shows a grant or other acquisition of fund units credited after a voluntary cash contribution to a company-sponsored pension fund, not an open-market stock trade, and it is classified as a derivative-type, indirect ownership interest.

What price was used to value the Grupo Cibest pension fund units in the Form 4?

On June 17, 2026, each pension fund unit was valued at COP 27,081.70, approximately $7.90 per unit using a COP 3,427.07 per $1 conversion rate, which is the basis for the transaction’s per-unit valuation disclosure.

Does the Grupo Cibest director control voting or investment decisions for the fund assets?

According to the disclosure, the director has no voting or investment discretion over the assets held by the institutional voluntary pension fund, even though he holds the reported units and has an indirect economic interest in the underlying portfolio.

Are the Grupo Cibest pension fund units settled in shares or cash at withdrawal?

The filing states the reported units are payable solely in cash based on the value of the institutional voluntary pension fund on the withdrawal date, and the number of Grupo Cibest shares economically attributable cannot be determined until that time.