Grupo Cibest Director Sylvia Escovar Receives 394.5-Unit Award

What Happened

• Sylvia Escovar, a director of Grupo Cibest S.A. (CIB), was credited with 394.5 derivative units on July 16, 2026. The reported unit price on that date was COP 26,276.51, equal to approximately $8.13 per unit, for a total economic value of about $3,207. The transaction type is reported as an award/acquisition (Code A) and is recorded as a derivative holding.

Key Details

• Transaction date and price: July 16, 2026 — 394.5 units at COP 26,276.51/unit (≈ $8.13/unit), total ≈ $3,207.
• Securities acquired: 394.5 derivative units (reported as units in an institutional voluntary pension fund).
• Shares owned after transaction: Not determinable from the filing — the units are in a unitized pension fund and the number of underlying Grupo Cibest shares attributable to those units can only be determined at withdrawal.
• Footnotes of note:
  • F1: Units are held in an institutional voluntary pension fund sponsored by the issuer and managed by an independent third party; Escovar has no voting or investment discretion over the fund, and units are payable in cash based on fund value.
  • F2: This filing is an amendment correcting previously reported derivative counts that were clerical errors in the Form 4 filed July 17, 2026.
  • F3: The instrument has no expiration date.
• Timeliness: The original Form 4 was filed July 17, 2026 (one day after the transaction); this filing is an amended Form 4/A (filed July 23) to correct reporting errors.

Context

• This is not an open‑market purchase or exercise of options but a credit of units into a pension fund from a voluntary cash contribution; such credits reflect participation in an institutional retirement vehicle rather than a direct buy or sale signaling immediate market sentiment.
• Because the units are unitized and paid out in cash based on fund value, the filing does not provide a fixed number of underlying shares.