Jaramillo Mejia Ricardo 4

What Happened
Ricardo Jaramillo, a director of Grupo Cibest (CIB), was granted/acquired 271.6 units (reported as a derivative) on March 20, 2026. The filing reports a per‑unit value of $7.10, for a total value of approximately $1,928. This transaction is reported as an award/acquisition (code A), not a sale.

Key Details

• Transaction date: 2026-03-20; reported on Form 4 filed 2026-04-23 (appears late relative to the usual two-business-day deadline).
• Amount: 271.6 units at COP 26,230.53 per unit (≈ $7.10 per unit using COP 3,692.48/$1) — total ≈ $1,928.
• Security type: Units in an institutional voluntary pension fund (reported as a derivative); footnote indicates instrument has no expiration date.
• Shares owned after transaction: Not specified in the filing.
• Footnote highlights: units were credited via a voluntary cash contribution to a pension fund sponsored by the issuer and managed by an independent third party; the reporting person has no voting or investment discretion over fund assets; units are payable in cash based on fund value and underlying Grupo Cibest share equivalents cannot be determined until withdrawal.

Context
This was an acquisition of pension‑fund units rather than a direct open‑market purchase of company shares. Because the units are unitized and payable in cash based on fund value, the economic exposure to underlying Grupo Cibest shares is indirect and the exact number of attributable shares isn’t known until withdrawal. The dollar value is small (~$1.9K), and the late filing reduces timeliness of disclosure but does not by itself indicate intent or sentiment.