Humberto Hernandez Jorge 4

What Happened

• Humberto Hernandez, Principal Accounting Officer of Grupo Cibest, was credited with 2,485.012 units (reported as derivative securities) on April 6, 2026. The units were valued at $7.48 each, for a total economic value of approximately $18,585. The transaction is reported as an award/acquisition (A), not an open‑market purchase or sale.

Key Details

• Transaction date and filing: Transaction reported for 2026-04-06; Form 4 filed 2026-04-07 (timely).
• Price/value: 2,485.012 units at $7.48 per unit; total ≈ $18,585.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: These units are held in an institutional voluntary pension fund sponsored by the issuer and administered by an independent manager. The reporting person has no voting or investment discretion over fund assets. Units were credited from a voluntary cash contribution, are payable in cash based on fund value at withdrawal, and the exact number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal. Unit price on April 6, 2026 was COP 27,491.11 (≈ $7.479 using COP 3,675.8 = $1).
  • F2: The instrument has no expiration date.
• Filing timeliness: Filing appears timely (filed the day after the reported transaction).

Context

• These are pension‑fund units (derivative reporting), not direct share grants: Hernandez does not gain voting control and cannot determine the precise number of underlying Grupo Cibest shares until withdrawal from the fund. Such awards commonly reflect compensation or pension contributions rather than open‑market buying activity.