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Grupo Cibest (NYSE: CIB) director reports 26K pension fund units disposed

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Grupo Cibest S.A. director Luis Fernando Restrepo Echavarria, through an institutional voluntary pension fund, reported a disposition to the issuer of 26,015.88 fund units on August 6, 2026 at about $8.38 per unit, leaving 15,539.69 units indirectly held.

The units represent interests in a unitized fund investing primarily in Grupo Cibest common and preferred shares and administered by an independent manager. The director has no voting or investment discretion over the fund assets, the units were paid exclusively in cash, and the instrument has no expiration date.

Positive

  • None.

Negative

  • None.
Insider Restrepo Echavarria Luis Fernando
Role Director
Type Security Shares Price Value
Disposition Units in Grupo Cibest Equity Securities Fund F1, F2 26,015.88 $8.38 $218K
Holdings After Transaction: Units in Grupo Cibest Equity Securities Fund — 15,539.69 shares (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 08/06/2026. The price of a unit on August 6, 2026, was COP 26,648.10 equal to approximately $8.38 per Unit using a conversion rate of COP 3,179.40 per $1.
  2. F2. The instrument has no expiration date
Units disposed 26,015.8800 units Units in Grupo Cibest Equity Securities Fund disposed on August 6, 2026
Units following transaction 15,539.6900 units Indirectly held fund units after the reported disposition
Unit price in COP COP 26,648.10 Value of one fund unit on August 6, 2026
Approximate unit price in USD $8.38 per unit COP 26,648.10 converted using COP 3,179.40 per $1
FX conversion rate COP 3,179.40 per $1 Rate used to translate COP 26,648.10 unit value to about $8.38
institutional voluntary pension fund financial
"units held by the reporting person in an institutional voluntary pension fund"
unitized financial
"The fund is unitized and invests primarily in Grupo Cibest shares"
disposition to issuer financial
"transaction code description: Disposition to issuer"
Director Voluntary Pension Fund Units financial
"nature of ownership: Director Voluntary Pension Fund Units"

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FAQ

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

A Grupo Cibest director reported a disposition to the issuer of pension fund units. The transaction involved 26,015.88 units in the Grupo Cibest Equity Securities Fund, linked to common and preferred shares, and was settled entirely in cash on August 6, 2026.

How many Grupo Cibest (CIB) pension fund units were disposed of and what remains held?

The director disposed of 26,015.88 fund units and now indirectly holds 15,539.69 units. These units represent interests in a unitized fund investing primarily in Grupo Cibest equity, rather than direct holdings of individual common or preferred shares.

What price per unit applied to the Grupo Cibest (CIB) pension fund transaction?

Each fund unit was valued at COP 26,648.10, approximately $8.38 per unit. This valuation used a conversion rate of COP 3,179.40 per $1, and the declared units were paid exclusively in cash based on the fund’s value on August 6, 2026.

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

No. The filing states the director has no voting or investment discretion over the fund assets. The units are held in an institutional voluntary pension fund administered by an independent third-party manager, which primarily invests in Grupo Cibest common and preferred shares plus some cash.

What type of security was involved in the Grupo Cibest (CIB) Form 4 transaction?

The transaction involved Units in Grupo Cibest Equity Securities Fund, classified as a derivative security. These units represent an interest in a unitized fund that invests mainly in Grupo Cibest common and preferred shares, rather than direct ownership of those underlying shares.

Was the Grupo Cibest (CIB) Form 4 transaction made under a Rule 10b5-1 trading plan?

The document’s Rule 10b5-1 checkbox is not marked as affirmative, and the notes do not reference any trading plan. The disposition of pension fund units is therefore reported without indication that it was executed under a pre-arranged Rule 10b5-1 plan.
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*
Restrepo Echavarria Luis Fernando

(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)
08/06/2026
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)08/06/2026D26,015.88 (1) (2)Common Shares and Preferred Shares(1)$8.3815,539.69IDirector 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 08/06/2026. The price of a unit on August 6, 2026, was COP 26,648.10 equal to approximately $8.38 per Unit using a conversion rate of COP 3,179.40 per $1.
2. The instrument has no expiration date
Remarks:
/s/ Maria Fernanda Valencia Tafur, Attorney-in-Fact for Luis Fernando Restrepo Echavarria08/06/2026
** 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)