Restrepo Echavarria Luis Fernando 4

What Happened

• Luis Fernando Restrepo Echavarria, a director of Grupo Cibest S.A. (CIB), was credited with 405.55 units (reported as derivative securities) on March 20, 2026. The units are reported at a unit value of $7.10, for a total reported value of approximately $2,879. The transaction is coded as an award/grant (A).

Key Details

• Transaction date and value: Mar 20, 2026 — 405.55 units @ $7.10 per unit = ~$2,879. Unit price reported as COP 26,230.53, using a conversion rate of COP 3,692.48 per $1.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: The units are held in an institutional voluntary pension fund sponsored by Grupo Cibest 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 not purchased at a fixed/negotiated price, and are payable solely in cash based on the fund value at withdrawal. The number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal.
  • F2: The instrument has no expiration date.
• Timeliness: The form reports the transaction date as Mar 20, 2026 and was filed Apr 23, 2026 — this filing is late relative to the standard Form 4 reporting window.

Context

• This was an award/credit of pension-fund units (a derivative/unitized interest in a fund), not a direct open-market purchase or option exercise. Because the units are held in a third-party administered pension fund and payable in cash based on fund value, they do not necessarily convey direct voting control or reveal an exact number of underlying shares.