Vatnick Silvina 4

What Happened

• Director Silvina Vatnick reported a disposition to the issuer on 2026-04-15 of 1,117.14 units at an effective price of $7.68 per unit, totaling approximately $8,580. The filing classifies the transaction as a derivative disposition; the units were paid out in cash to the reporting person.

Key Details

• Transaction date and price: 2026-04-15 — 1,117.14 units @ $7.68 each (total ≈ $8,580).
• Filing date: 2026-04-23 for a transaction dated 2026-04-15 (filed 8 days after the trade; typically Form 4s are due within two business days).
• Shares/units owned after transaction: not specified in the filing.
• Footnote summary:
  • The reported securities are units held in an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party (F1).
  • The reporting person has no voting or investment discretion over the fund’s assets; units were cashed out based on the fund value on 15/04/2026. Unit price that day was COP 27,488.29 ≈ $7.68 using COP 3,578.82/USD (F1).
  • The instrument has no expiration date (F2).
• Transaction type: disposition to issuer (sale/redemption of units), reported as a derivative transaction.

Context

• These units were held in an institutional pension fund, not as direct open-market stock holdings, and the reporting director did not control the fund’s investment decisions — this is a cash payout of fund units rather than a typical market sale by an insider.
• Such dispositions are often routine (e.g., pension payouts) and do not necessarily indicate insider sentiment about the company.