Grupo Cibest S.A. Director Disposes Pension Fund Units

Executive Summary

On September 2, 2026, Grupo Cibest S.A. ($CIB) filed a Form 4 disclosing a transaction by Director Silvina Vatnick. On August 31, 2026, the reporting person disposed of 1,059.84 units in the Grupo Cibest Equity Securities Fund at a price of approximately $9.69 per unit (COP 31,044.06 per unit), representing an aggregate value of approximately $10,269.85.

Transaction Details

• Security: Units in Grupo Cibest Equity Securities Fund (Indirectly held via Director Voluntary Pension Fund Units)
• Transaction Type: Disposition (Transaction Code: D)
• Amount: 1,059.84 units
• Price per Unit: $9.69 (converted from Colombian Pesos)
• Total Transaction Value: $10,269.85
• Post-Transaction Beneficial Ownership: 20,525.15 units

Nature of Ownership & Footnote Highlights

According to the footnotes, the reported units are held in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party. The fund invests primarily in Grupo Cibest common and preferred shares, along with cash. The reporting person has no voting or investment discretion over the underlying fund assets, and the transaction reflects units settled exclusively in cash at fund valuation as of August 31, 2026.

Market Significance

This transaction represents a routine pension fund unit distribution/redemption of low monetary value (~$10.3K) and does not reflect a discretionary open-market sale of common shares. As such, the market impact and signaling value are considered Low.