Jaramillo Mejia Ricardo 4

What Happened
Ricardo Jaramillo, a director of Grupo Cibest S.A. (CIB), received 265.6 units in an institutional voluntary pension fund on April 20, 2026. The filing reports a unit value of $7.26, for an economic value of approximately $1,928. This transaction is reported as an award/acquisition of derivative units rather than a direct open‑market purchase of company shares.

Key Details

• Transaction date: 2026-04-20; Form 4 filed: 2026-04-23 (no late‑filing flag provided in the supplied data).
• Amount: 265.6 units at COP 26,765.16 per unit (≈ $7.26 using COP 3,615.1/USD) — total ≈ $1,928.
• Securities type: Units in an institutional voluntary pension fund (derivative instrument). Footnote indicates the instrument has no expiration date.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote highlights: units are held in a unitized pension fund sponsored by the issuer and managed by a third party; the reporting person has no voting or investment discretion over the fund; units were credited via a voluntary cash contribution and are payable in cash based on the fund value at withdrawal. The number of underlying Cibest shares cannot be determined until withdrawal.

Context
These units represent economic exposure to a pension fund that primarily holds Grupo Cibest securities, not direct beneficial ownership of specific Cibest shares or voting rights. Such pension‑fund credits are common and are less direct signals of management sentiment than outright open‑market buys or sells.