Toro Valencia Juan Esteban 4

What Happened
Juan Esteban Toro Valencia, a director of Grupo Cibest S.A. (CIB), received 765.516 units of an institutional voluntary pension fund on May 19, 2026. The filing reports a unit value of $6.29, giving an economic value of approximately $4,815. The transaction is reported as an award/acquisition (derivative instrument) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-19 (Form 4 filed 2026-05-21 — appears timely).
• Reported units: 765.516 units at $6.29 per unit; total reported value ≈ $4,815.
• Security type: Units in an institutional voluntary pension fund tied economically to Grupo Cibest shares (reported as a derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: The units are held in an institutional voluntary 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 after a voluntary cash contribution and are payable in cash based on fund value at withdrawal; the underlying number of Grupo Cibest shares attributable to the units cannot be determined until withdrawal. The May 19, 2026 unit price was COP 23,885.9 (≈ $6.29 using COP 3,796.78/$1).
• Footnote F2: The instrument has no expiration date.

Context
This was an award/credit of pension-fund units (a derivative-like interest in a company-sponsored fund) rather than a direct stock purchase or sale. Because the units are held in a third-party administered pension fund with no voting/investment discretion by the director and are payable in cash based on fund value, the filing does not equate to immediate ownership of a specific number of Grupo Cibest shares.