Grupo Cibest S.A. Director Acquires Units in Equity Securities Fund

Executive Summary

On October 21, 2026, Grupo Cibest S.A. (NYSE: CIB) director Ricardo Jaramillo Mejia filed a Form 4 reporting an acquisition of 244.62 units in the Grupo Cibest Equity Securities Fund on October 19, 2026. The transaction value totaled approximately $2,416.85 at an implied price of $9.88 per unit.

Transaction Details

• Security: Units in Grupo Cibest Equity Securities Fund (Derivative / Pension Fund Units)
• Transaction Code: A (Acquisition)
• Shares/Units Acquired: 244.62
• Price Per Unit: $9.88 (equivalent to COP 31,394.8120 at a conversion rate of COP 3,174.67 per $1.00)
• Total Transaction Value: $2,416.85
• Ownership Post-Transaction: 8,579.5803 units held indirectly via the Director Voluntary Pension Fund

Context and Footnote Details

According to Footnote (F1), the units reflect an indirect beneficial interest 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 alongside a cash reserve. The reported acquisition corresponds to a voluntary cash contribution rather than an open-market equity transaction, and the units are settled solely in cash upon withdrawal.

Market and Trading Assessment

Given the low dollar amount (~$2.4K) and the nature of the transaction as a routine voluntary pension contribution, this event carries Low trading significance and is not indicative of discretionary market timing or material sentiment change.