Zapata Zuluaga Nicolas 4

What Happened

• Director Nicolas Zapata Zuluaga received an award/acquisition of 354.9 units reported as shares on March 20, 2026, at an implied unit value of $7.10 each, for a total reported value of about $2,520. The transaction is reported as a derivative award (code A).

Key Details

• Transaction date and price: 2026-03-20; 354.9 units at ≈$7.10 per unit (unit price COP 26,230.53; conversion rate COP 3,692.48 = $1).
• Total reported value: ≈$2,520.
• Shares/units owned after transaction: not specified in the filing.
• Footnotes: units are held in an institutional voluntary pension fund sponsored by Grupo Cibest and managed by a third party; the reporting person has no voting or investment discretion over the fund assets. Units were credited from a voluntary cash contribution and are payable in cash based on fund value at withdrawal; the number of underlying Grupo Cibest shares per unit cannot be determined until withdrawal (Footnote F1).
• Instrument detail: no expiration date (Footnote F2).
• Filing timeliness: Reported on Form 4 filed 2026-04-23 for a 2026-03-20 transaction — this is a late filing (outside the usual two-business-day reporting window).

Context

• This was an award/credit to a pension fund account (a derivative/unitized interest), not an open‑market purchase of common stock. Because the units represent a claim on a fund that holds Grupo Cibest shares (and cash) and the reporting person lacks voting/investment control, the filing does not provide a direct, immediate change in voting exposure or precise share count. The dollar amount is small (~$2.5k) and appears routine.