Escovar Gomez Sylvia 4

What Happened
Sylvia Escovar, a director of Grupo Cibest S.A., was credited with 41,010.51 units (reported as a derivative award/acquisition) on July 16, 2026. The filing values the units at COP 26,276.515609 per unit, which converts to approximately $8.13 per unit using COP 3,233.91/USD, for a total reported value of about $333,415. The transaction is reported as an acquisition (code A) of a derivative instrument.

Key Details

• Transaction date: 2026-07-16; filing date: 2026-07-17 (appears timely).
• Amount: 41,010.51 units at ~COP 26,276.52 per unit (≈ $8.13/unit). Total ≈ $333,415.
• Shares/units owned after transaction: Not specified / not determinable in the filing.
• Footnote F1: Units are held 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. 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 attributable to these units cannot be determined until withdrawal.
• Footnote F2: The instrument reported has no expiration date.
• Transaction type: Derivative/award (A) — not an open-market purchase of direct company shares.

Context
This transaction represents an economic exposure to Grupo Cibest via a unitized pension fund rather than a direct purchase of voting shares. Because the units are payable in cash based on fund value and the number of underlying Cibest shares per unit isn’t fixed until withdrawal, the filing does not provide a precise share equivalent. As an acquisition (voluntary contribution/award), it is generally a more informative signal than a routine sale, but it should be interpreted as participation in an issuer-sponsored pension vehicle rather than a direct stock market buy.