Zapata Zuluaga Nicolas 4

What Happened Nicolas Zapata Zuluaga, a director of Grupo Cibest S.A. (CIB), was credited with 4,965.321 units of an institutional voluntary pension fund on July 16, 2026. The filing reports a unit value of COP 26,276.515609, which converts to approximately $8.13 per unit, for a total reported economic value of about $40,368. This transaction is reported as an award/acquisition (code A), not a sale.

Key Details

• Transaction date: 2026-07-16; filing date (Form 4): 2026-07-17 (timely).
• Units acquired: 4,965.321; reported unit price: COP 26,276.515609 ≈ $8.13; total value ≈ $40,368.
• Shares owned after transaction: Not reported (the filing lists units in a pension fund, not direct share count).
• Footnote highlights:
  • F1: Units are held in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party; Zapata has no voting or investment discretion over the fund. Units were credited from a voluntary cash contribution and are payable in cash based on the fund value at withdrawal. The number of underlying Grupo Cibest shares per unit cannot be determined until withdrawal.
  • F2: The instrument has no expiration date.
• Transaction type: Award/Acquisition of derivative units (code A).

Context This was an award/credit of pension-fund units rather than a direct open-market purchase of stock. Because the units are unitized and payable in cash and the reporting person lacks control over the fund’s investments, the filing does not directly reveal a change in voting power or immediate share ownership—only an economic exposure tied to a fund that mainly holds Grupo Cibest shares.