Grupo Cibest (CIB) Director Restrepo Sells 26,015.88 Units for $218K

What Happened
Luis Fernando Restrepo, a director of Grupo Cibest S.A. (CIB), made a disposition to the issuer on 2026-08-06, redeeming 26,015.88 units at an effective price of ~$8.38 per unit for total proceeds of $218,013. The transaction is reported as a derivative disposition (units in an institutional voluntary pension fund) and was paid exclusively in cash.

Key Details

• Transaction date: 2026-08-06; Price: COP 26,648.10 per unit ≈ $8.38 (conversion rate COP 3,179.40 = $1)
• Quantity: 26,015.88 units; Proceeds: $218,013 (reported)
• Transaction type/code: Disposition to issuer (D); classified as a derivative on the Form 4
• Shares/units owned after transaction: not specified in the provided filing excerpt
• Footnote F1: Units represent holdings in an institutional voluntary pension fund sponsored by the issuer and managed by a third party; the reporting person has no voting or investment discretion over the fund’s assets. Units were redeemed for cash based on fund value on 08/06/2026.
• Footnote F2: The instrument has no expiration date.
• Filing timeliness: Reported with the same period and filing date (2026-08-06); no late filing indicated.

Context
This was a cash redemption of fund units (not an open-market sale of underlying common stock). Because the units are held in an institutional voluntary pension fund and the director lacks voting/investment discretion over the fund, the transaction reflects a payout of those units rather than a direct decision to buy or sell the company’s underlying shares.