Vatnick Silvina 4

What Happened
Silvina Vatnick, a director of Grupo Cibest S.A. (CIB), executed a disposition to the issuer on 2026-06-02 of 981.652 units (reported as shares) at $7.16 per unit, for proceeds of approximately $7,029. The reported transfer is a cash redemption of unitized holdings (treated as a derivative disposition), not an open-market sale.

Key Details

• Transaction date and type: 2026-06-02 — Disposition to issuer (Code D, derivative).
• Price and value: 981.652 units × $7.16 = ~$7,029.
• Shares/units owned after transaction: Not disclosed in the filing.
• Filing: Form 4 filed 2026-06-04 (timely within usual reporting window).
• Footnotes: Units represent interests 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. Units were paid exclusively in cash based on the fund value on 06/02/2026 (unit price COP 25,509.27 ≈ $7.0 using COP 3,560.24/$1). Footnote also notes the instrument has no expiration date.

Context
These units are holdings in a unitized pension fund that primarily invests in Grupo Cibest stock; Vatnick did not direct the fund’s investments and the redemption was a cash settlement to the reporting person. Because this was a redemption from a pension vehicle (derivative/unit disposition) and a relatively small cash amount (~$7K), it should be viewed as routine administrative activity rather than a clear market sentiment signal.