Jaramillo Mejia Ricardo 4

What Happened
Ricardo Jaramillo Mejia, a director of Grupo Cibest S.A. (CIB), was credited with 314.764 units (reported as a derivative acquisition/award) on May 19, 2026. The filing reports an effective unit price of $6.29, giving a total reported value of approximately $1,980. This was an award/acquisition credited to an institutional voluntary pension fund rather than a direct open-market purchase of common stock.

Key Details

• Transaction date and value: 2026-05-19 — 314.764 units @ $6.29 per unit; total ≈ $1,980.
• Shares/units owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: Units represent interests in an issuer-sponsored institutional voluntary pension fund administered by an independent manager. The reporting person has no voting or investment discretion over the fund. Units were credited from a voluntary cash contribution, are payable in cash based on fund value at withdrawal, and the equivalent number of Grupo Cibest shares cannot be determined until withdrawal. Unit price used (May 19, 2026): COP 23,885.9 ≈ $6.29 (conversion COP 3,796.78/USD).
  • F2: The instrument has no expiration date.
• Filing timeliness: Form filed 2026-05-21 for a 2026-05-19 transaction; appears to be filed within the usual reporting window.

Context
This transaction reflects units credited to a pension fund (a retirement/savings vehicle administered externally) rather than a direct, discretionary purchase of company shares by the director. Such contributions are typically part of personal retirement arrangements and do not confer voting control over the fund’s assets. The reported value is small, and the economic exposure to underlying Grupo Cibest shares cannot be determined until fund withdrawal.