Toro Valencia Juan Esteban 4

What Happened
Juan Esteban Toro Valencia, a director of Grupo Cibest S.A. (CIB), was credited with 678.585 units in an institutional voluntary pension fund on March 20, 2026. The filing treats this as an award/acquisition of a derivative instrument valued at about $7.10 per unit (unit price COP 26,230.53) for an approximate total of $4,818. This was an acquisition (award/contribution), not a sale.

Key Details

• Transaction date and price: March 20, 2026 — 678.585 units at COP 26,230.53 per unit (≈ $7.10/unit); total ≈ $4,818.
• Security type: Derivative units in an issuer-sponsored institutional voluntary pension fund (reported as A = Award/Acquisition).
• Shares/units owned after the transaction: Not specified in the filing.
• Footnotes of note:
  • Units represent holdings in a unitized pension fund administered by an independent third-party manager.
  • The reporting person has no voting or investment discretion over the fund assets.
  • Units were credited after a voluntary cash contribution, are not purchased at a fixed/negotiated price, and are payable in cash based on fund value at withdrawal.
  • The number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal.
  • The instrument reportedly has no expiration date.
• Filing timeliness: Form 4 was filed on April 23, 2026 for a March 20, 2026 transaction — this is a late filing (Form 4 is normally due within two business days of the transaction).

Context
This was an award/voluntary contribution into a company-sponsored pension vehicle that is economically linked to Grupo Cibest shares but is cash-settled and does not grant voting control. Such contributions are common and do not necessarily indicate the insider’s near-term trading intentions.