Jaramillo Mejia Ricardo 4

What Happened
Ricardo Jaramillo Mejia, a director of Grupo Cibest S.A., was credited with 21,666.556 units (reported as derivative securities) on July 16, 2026, at an economic value of approximately $8.13 per unit, for a total of about $176,149. The filing reports this as a grant/award (code A) of units in an institutional voluntary pension fund rather than a direct open-market share purchase.

Key Details

• Transaction date: 2026-07-16; Filing date (Form 4): 2026-07-17 (timely).
• Instrument: 21,666.556 units @ COP 26,276.515609 per unit (≈ $8.13/unit) — total ≈ $176,149.
• Shares owned after transaction: not specified in the Form 4.
• Footnote F1: Units represent holdings 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 over the fund assets. Units were credited from a voluntary cash contribution and are payable in cash based on the fund’s value at withdrawal. The underlying number of Grupo Cibest shares attributable to the units cannot be determined until withdrawal.
• Footnote F2: The instrument has no expiration date.

Context
This was an award/credit of units into a pension-style fund (a derivative reporting vehicle), not a direct stock purchase or option exercise. Because the fund is unitized and managed independently, the transaction does not indicate that the director executed a market trade or controls voting on the underlying shares. Purchases/awards are often viewed as a constructive signal, but here the economic exposure is through a third‑party-administered pension fund, which limits direct inference about the insider’s trading intent.