Grupo Cibest director acquires pension fund units

Grupo Cibest S.A. director Juan Esteban Toro Valencia reported an acquisition of 678.5853 units in the Grupo Cibest Equity Securities Fund, an institutional voluntary pension fund sponsored by the company.

Rhea-AI Filing Summary

Grupo Cibest S.A. director Juan Esteban Toro Valencia reported an acquisition of 678.5853 units in the Grupo Cibest Equity Securities Fund, an institutional voluntary pension fund sponsored by the company. The units were credited on the basis of a voluntary cash contribution at approximately $7.10 per unit. The fund is managed by an independent third party, and the director has no voting or investment discretion over its assets. The instrument has no expiration date and is payable solely in cash based on fund value at withdrawal.

Insider Trade Summary

Grant/Award: 678.5853 shares

Grant/Award 1 txn

Insider Toro Valencia Juan Esteban

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	678.5853	$7.10	$5K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 7,644.8086 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 March 20,2026 was COP 26,230.53 equal to approximately $7.10 per Unit using a conversion rate of COP 3,692.48 per $1.
2. F2. The instrument has no expiration date

Key Figures

Units acquired: 678.5853 units Total units after transaction: 7,644.8086 units Unit price (COP): COP 26,230.53 per unit +2 more

5 metrics

Units acquired 678.5853 units Grant/award acquisition on March 20, 2026

Total units after transaction 7,644.8086 units Director’s institutional voluntary pension fund balance post-transaction

Unit price (COP) COP 26,230.53 per unit Fund unit value on March 20, 2026

Unit price (USD equivalent) $7.10 per unit Using COP 3,692.48 per $1 on March 20, 2026

FX rate COP 3,692.48 per $1 Conversion rate used to translate unit price

Key Terms

institutional voluntary pension fund, unitized, voting or investment discretion, Director Voluntary Pension Fund Units, +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"

Director Voluntary Pension Fund Units financial

"nature_of_ownership: "Director Voluntary Pension Fund Units""

payable solely in cash financial

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

FAQ

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

What did Grupo Cibest (CIB) director Juan Esteban Toro Valencia report on this Form 4?

He reported acquiring 678.5853 units in the Grupo Cibest Equity Securities Fund through a voluntary cash contribution. These units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and administered by an independent third-party manager.

How are the Grupo Cibest Equity Securities Fund units structured in this CIB filing?

The reported units are in a unitized institutional voluntary pension fund that invests primarily in Grupo Cibest common and preferred shares plus some cash. The instrument has no expiration date and is held as an indirect interest labeled "Director Voluntary Pension Fund Units."

What was the price per unit in the Grupo Cibest (CIB) pension fund transaction?

On March 20, 2026, each unit in the fund was priced at COP 26,230.53, equal to approximately $7.10 per unit using a conversion rate of COP 3,692.48 per $1. This price underlies the 678.5853 units credited.

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

No. The filing states the reporting person does not have voting or investment discretion over the assets held by the institutional voluntary pension fund. An independent third-party manager administers the fund and controls investment decisions for the underlying assets.

How and when are the Grupo Cibest Equity Securities Fund units payable to the reporting person?

The units 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 that withdrawal date, because the fund is unitized and actively invested.

What is the director’s total position in the Grupo Cibest pension fund after this Form 4 transaction?

After the reported acquisition, the director’s account reflects 7,644.8086 units in the Grupo Cibest Equity Securities Fund. This figure represents the aggregate units in the institutional voluntary pension fund associated with the director following the March 20, 2026 crediting.

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Accepted by SEC EDGAR 04/23/2026 - 05:20 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^*

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)
03/20/2026

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)	03/20/2026		A		678.5853		(1)	(2)	Common Shares and Preferred Shares	678.5853(1)	$7.1	7,644.8086	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 March 20,2026 was COP 26,230.53 equal to approximately $7.10 per Unit using a conversion rate of COP 3,692.48 per $1.

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Juan Esteban Toro Valencia	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)