Grupo Cibest S.A. Director Acquires Units via Pension Fund

Executive Summary

On September 23, 2026, Nicolas Zapata Zuluaga, a Director of Grupo Cibest S.A. (NYSE: CIB), filed a Form 4 detailing an acquisition of 468.46 units in the Grupo Cibest Equity Securities Fund on September 21, 2026. The transaction totaled approximately $4,515.95 at an implied unit price of $9.64.

Transaction Details

• Security: Units in Grupo Cibest Equity Securities Fund (derivative underlying common and preferred shares)
• Transaction Code: A (Grant, award, or other acquisition)
• Units Acquired: 468.46
• Unit Price: $9.64 (COP 30,779.2605 at COP 3,192.92 per USD)
• Total Consideration: $4,515.95
• Ownership Type: Indirect (Director Voluntary Pension Fund Units)
• Resulting Holdings: 6,414.8095 units

Context & Market Significance

According to the footnotes, these units represent holdings in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party. The units were credited pursuant to a voluntary cash contribution and are payable solely in cash upon withdrawal. Given the routine nature and nominal dollar amount ($4,515.95) of this voluntary pension contribution, the transaction carries low trading significance for outside investors.