Pension fund units added for Grupo Cibest (CIB) director via Form 4

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Grupo Cibest S.A. director Sylvia Escovar Gomez reported an indirect acquisition of units in the Grupo Cibest Equity Securities Fund through a voluntary pension arrangement. She received 430.6895 units on May 19, 2026 at approximately $6.29 per unit, bringing her total to 40,151.1008 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, but Escovar Gomez has no voting or investment discretion over the fund’s assets.

The units were credited via a voluntary cash contribution, are not purchased at a fixed or negotiated price, and are payable solely in cash based on the fund’s value at withdrawal. The exact number of Grupo Cibest shares economically attributable to these units will only be known on the withdrawal date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Escovar Gomez Sylvia

Role null

Type	Security	Shares	Price	Value
Grant/Award	Units in Grupo Cibest Equity Securities Fund	430.69	$6.29	$3K

Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 40,151.101 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 May 19, 2026 was COP 23,885.9 equal to approximately $6.29 per Unit using a conversion rate of COP 3,796.78 per $1 The instrument has no expiration date

Key Figures

Units acquired: 430.6895 units Unit value (USD equivalent): $6.29 per unit Total units after transaction: 40,151.1008 units +2 more

5 metrics

Units acquired 430.6895 units Units in Grupo Cibest Equity Securities Fund acquired May 19, 2026

Unit value (USD equivalent) $6.29 per unit Price of a unit on May 19, 2026

Total units after transaction 40,151.1008 units Director’s indirect holdings in the fund following acquisition

Unit value (COP) COP 23,885.9 per unit Value per unit on May 19, 2026

FX conversion rate COP 3,796.78 per $1 Used to translate unit value to approximately $6.29

Key Terms

institutional voluntary pension fund, unitized, independent third-party manager, conversion rate, +1 more

5 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"

unitized financial

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

independent third-party manager financial

"sponsored by the issuer and administered by an independent third-party manager"

conversion rate financial

"using a conversion rate of COP 3,796.78 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.

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 04:23 PM

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^*

Escovar Gomez Sylvia

(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)
05/19/2026

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⁾	05/19/2026		A		430.6895		⁽¹⁾	⁽²⁾	Common Shares and Preferred Shares	⁽¹⁾	$6.29	40,151.1008	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 May 19, 2026 was COP 23,885.9 equal to approximately $6.29 per Unit using a conversion rate of COP 3,796.78 per $1

2. The instrument has no expiration date

Remarks:

	/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Sylvia Escovar Gomez	05/21/2026
	** 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

FAQ

What insider transaction did Grupo Cibest (CIB) report for Sylvia Escovar Gomez?

Grupo Cibest director Sylvia Escovar Gomez indirectly acquired 430.6895 units in the Grupo Cibest Equity Securities Fund. These units were credited to her voluntary pension fund account through a cash contribution, rather than an open-market stock purchase, and are payable only in cash at withdrawal.

How many Grupo Cibest Equity Securities Fund units does the director hold after this Form 4?

After the reported acquisition, the director holds 40,151.1008 units in the Grupo Cibest Equity Securities Fund. These units represent an indirect economic interest in a fund investing mainly in Grupo Cibest common and preferred shares plus some cash, not direct share ownership.

What price was used for the Grupo Cibest (CIB) pension fund units on May 19, 2026?

On May 19, 2026, each fund unit was valued at COP 23,885.9, equal to approximately $6.29 using a COP 3,796.78 per $1 conversion rate. This valuation determines how many units the director received for her voluntary cash contribution to the pension fund.

Does Sylvia Escovar Gomez control voting or investment decisions for these Grupo Cibest pension units?

The director does not have voting or investment discretion over the assets held by the institutional voluntary pension fund. The fund is administered by an independent third-party manager, so her interest is purely economic and tied to the fund’s value rather than direct control of Grupo Cibest shares.

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

The reported units are payable solely in cash based on the fund’s value at the date of withdrawal. Although the fund primarily holds Grupo Cibest common and preferred shares, the number of shares attributable to the units cannot be determined until the withdrawal date.

Is this Grupo Cibest Form 4 transaction an open-market purchase of CIB stock?

This transaction is not an open-market purchase of Grupo Cibest stock. It is a grant or acquisition of units in an institutional voluntary pension fund, credited after a voluntary cash contribution, with value linked to the fund’s portfolio rather than direct stock trading by the director.