Zapata Zuluaga Nicolas 4

What Happened
Nicolas Zapata Zuluaga, a director of Grupo Cibest, was credited with 523.94 units in an institutional voluntary pension fund on June 17, 2026. The filing values the units at COP 27,081.70 each (≈ $7.90), for an aggregate economic value of about $4,139. The transaction is reported as an award/acquisition (Form 4 code A) of a derivative instrument tied to a pension fund that invests primarily in Grupo Cibest shares.

Key Details

• Transaction date and price: June 17, 2026; Unit price COP 27,081.70 ≈ $7.90 per unit.
• Amount/Value: 523.94 units; total reported value ≈ $4,139.
• Shares owned after transaction: Not specified / not determinable — units are held in a unitized pension fund and the number of underlying Grupo Cibest shares attributable to those units cannot be determined until withdrawal.
• Footnotes: (F1) Units represent holdings in an institutional voluntary pension fund sponsored by the issuer and managed by a third party; reporting person has no voting or investment discretion; units were credited from a voluntary cash contribution and are payable solely in cash based on fund value at withdrawal. (F2) The instrument has no expiration date.
• Filing timeliness: Report filed on June 22, 2026 for a June 17 transaction (filed 5 days later); this appears to be later than the typical two-business-day Form 4 deadline.

Context
This was not an open-market purchase but crediting of units in a pension fund (a derivative-style economic exposure). Because the fund is unitized and payable in cash based on fund value, the exact number of underlying Cibest shares tied to these units isn’t determinable now. Awards or contributions to pension plans are common and do not by themselves indicate a change in an insider’s view of the company’s stock.