Form 4: Ricardo Rosillo Rojas Disposes of Grupo Cibest Units

Business VP Ricardo Mauricio Rosillo Rojas reported the cash-settled disposal of 60,889.7644 units from an institutional pension fund.

Summary

• Ricardo Mauricio Rosillo Rojas, Business VP of Grupo Cibest, disposed of 60,889.7644 units held in an institutional voluntary pension fund.
• The transaction occurred on April 14, 2026, and was settled exclusively in cash.
• The units were valued at approximately $7.804 per unit, based on a conversion rate of 3,608.10 COP per USD.
• Following the transaction, the reporting person retains 109,796.3786 units in the fund.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting routine personal financial management by an executive.

Positives

• The transaction represents a standard liquidation of pension fund units rather than a direct sale of company equity by the executive.
• The reporting person maintains a significant remaining balance of 109,796.3786 units, indicating continued alignment with the fund's performance.

Negatives

• The disposal of units reduces the indirect beneficial ownership of the reporting person in the issuer's underlying equity.

Risks

• The value of the pension fund units is subject to market fluctuations in Grupo Cibest common and preferred shares.
• Currency exchange rate volatility between the Colombian Peso (COP) and the U.S. Dollar (USD) impacts the reported valuation of the units.

Future Outlook

No specific forward-looking guidance regarding company performance or future trading plans was provided in this filing.

Management Comments

• The reporting person does not have voting or investment discretion with respect to the assets held by the fund.

Industry Context

StockSavvy.ai notes that this filing reflects standard executive compensation and benefit management practices, where institutional pension funds are used to provide exposure to company equity without direct insider control over voting rights.

Comparison to Industry Standards

• The use of unitized institutional pension funds for executive compensation is consistent with standard corporate governance practices in Latin American markets.
• The disclosure of cash-settled transactions via Form 4 aligns with SEC requirements for reporting changes in beneficial ownership.

Stakeholder Impact

• Minimal impact on shareholders as the transaction involves the liquidation of units in a third-party administered pension fund.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Grupo Cibest, CIB, Form 4, Insider Trading, Pension Fund, Equity Disposal