Toro Valencia Juan Esteban 4

What Happened
Juan Esteban Toro Valencia, a director of Grupo Cibest (CIB), was credited with 664.56 units on April 20, 2026. The units are reported as a derivative acquisition at a unit value of $7.26, for a total economic value of approximately $4,825. This transaction is an acquisition/award (code A), not a sale.

Key Details

• Transaction date: April 20, 2026; Form 4 filed April 23, 2026. Filing does not indicate a late-filing flag.
• Reported amount: 664.56 units at COP 26,765.16 per unit (≈ $7.26 using COP 3,615.1/USD) → ≈ $4,825 total.
• Security type: Reported as a derivative/unit (not direct common shares). Instrument has no expiration date (footnote F2).
• Shares owned after transaction: Not specified in the filing.
• Footnote (F1): Units represent holdings in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party. The reporting person has no voting or investment discretion over the fund. 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.

Context
This was an acquisition of fund units (a form of deferred/retirement-type holding), not a direct open-market purchase of company shares. Because the units sit in an institutional pension fund without the director’s voting or investment control, the filing reflects an economic exposure rather than direct share ownership or exercise of options.