Grupo Cibest Director Acquires Pension Fund Units

Overview

On October 21, 2026, Grupo Cibest S.A. ($CIB) filed a Form 4 reporting a derivative transaction by Director Nicolas Zapata Zuluaga executed on October 19, 2026.

Transaction Details

• Security: Units in Grupo Cibest Equity Securities Fund
• Transaction Type: Acquisition (Code: A)
• Units Acquired: 457.66
• Price per Unit: $9.88 (COP 31,394.8120 converted at COP 3,174.67 per $1.00)
• Total Transaction Value: ~$4,521.68
• Post-Transaction Holdings: 6,872.4695 fund units
• Ownership Type: Indirect (held through an institutional voluntary pension fund sponsored by the issuer)

Market Impact & Significance

This transaction carries Low trading significance. The acquisition reflects a routine voluntary cash contribution into an institutional voluntary pension fund rather than an open-market trade. The fund is unitized and invested primarily in Grupo Cibest common and preferred shares, but units are payable solely in cash upon withdrawal and the insider holds no voting or investment discretion over fund assets.