Grupo Cibest Director Nicolas Zapata Zuluaga Receives Award (468 Units)

What Happened
Nicolas Zapata Zuluaga, a director of Grupo Cibest S.A. (CIB), was credited with 468.46 units in an institutional voluntary pension fund on September 21, 2026. The filing reports an acquisition (award/grant) of units valued at COP 30,779.2605 per unit, equal to approximately $9.64 per unit using a conversion rate of COP 3,192.92/$1, for a total value of about $4,516. The transaction is recorded as a derivative interest (units in a fund), not a direct purchase of company shares.

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-23 (timely).
• Units acquired: 468.46 units; reported USD price per unit: ~$9.64; total value: ~$4,516.
• Instrument: Units in an institutional voluntary pension fund (derivative); instrument has no expiration date (Footnote F2).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnote (F1): Units were credited from a voluntary cash contribution to a unitized pension fund that mainly holds Grupo Cibest common and preferred shares; the reporting person has no voting or investment discretion over the fund. The units are payable in cash based on fund value at withdrawal, and the number of underlying Grupo Cibest shares attributable to the units cannot be determined until withdrawal.

Context
This was not an open‑market purchase of company stock or an option exercise but a credit of units in a third‑party administered pension fund following a voluntary contribution. Because the units represent a pooled fund interest (payable in cash and not directly convertible to a fixed number of CIB shares until withdrawal), the transaction provides limited direct insight into the insider’s view of the company.