Vatnick Silvina 4

What Happened

• Silvina Vatnick, a director of Grupo Cibest (CIB), acquired 498.37 units on June 17, 2026. The units are reported as a derivative award/acquisition at an implied price of $7.90 per unit, for a total value of approximately $3,937. This was an award/acquisition (not a sale), representing an increase in her economic exposure to the company through a pension fund vehicle.

Key Details

• Transaction date: June 17, 2026; Form 4 filed: June 22, 2026 (filed 5 days after the transaction; appears later than the standard 2-business-day Form 4 deadline).
• Reported quantity and price: 498.37 units @ $7.90 per unit (total ≈ $3,937).
• Shares owned after transaction: Not disclosed on the filing.
• Footnotes of note:
  • F1: The reported "units" are holdings in an institutional voluntary pension fund sponsored by Grupo Cibest and managed by an independent third party. The fund is unitized and invests mainly in Grupo Cibest shares and some cash. Vatnick made a voluntary cash contribution; she has no voting or investment discretion over the fund assets. Units are payable in cash based on fund value at withdrawal. The Unit price on June 17, 2026 was COP 27,081.70 (~$7.90 using COP 3,427.07 = $1).
  • F2: The instrument has no expiration date.
• Transaction type: Reported as "A" (award/acquisition) and classified as a derivative holding.

Context

• This transaction represents an economic exposure increase via a pension fund unit credit rather than a direct open-market stock purchase. Because the units are held in a third‑party managed pension fund and Vatnick lacks voting or investment control, it does not indicate direct buying of shares under her discretion. As an award/acquisition (not a sale), it is generally viewed as neutral-to-bullish in that it increases insider economic stake, but it should be interpreted with the fund’s structure in mind.