Goldman Sachs (GRO) discloses shared control of 3.18M Brazil Potash shares

Rhea-AI Filing Summary

BRAZIL POTASH CORP. Schedule 13G reporting that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC disclose shared voting and shared dispositive power over 3,178,446 shares of common stock.

The filing shows those shares represent 5.9% of the class and lists CUSIP 10586A108. The filing is a joint statement executed under a Joint Filing Agreement.

Insights

Institutional Ownership Analyst

Goldman Sachs reports beneficial influence over 3,178,446 shares (5.9%).

The statement on 03/31/2026 identifies shared voting and shared dispositive power of 3,178,446 shares for Goldman Sachs reporting units. The filing is a Schedule 13G joint filing under a signed agreement.

The disclosure frames ownership as held by Goldman Sachs reporting units and clarifies parent/subsidiary relationships; cash‑flow treatment and sale intent are not stated in the excerpt.

Compliance / SEC Filings Specialist

Filing follows passive/institutional reporting practice with joint filing exhibits.

Exhibits include a Joint Filing Agreement and an Item 7 exhibit explaining that Goldman Sachs & Co. LLC is a subsidiary of GS Group. The Item 4 exhibit contains customary disclaimers about client accounts and disaggregated holdings.

Qualifiers in the exhibits limit attribution; the filing does not assert sole ownership or indicate planned transactions. Subsequent amendments would update stakes if they change.

Key Figures

Shares with shared power: 3,178,446 shares Percent of class: 5.9% CUSIP: 10586A108 +2 more

5 metrics

Shares with shared power 3,178,446 shares shared voting and shared dispositive power

Percent of class 5.9% percentage of common shares reported in Item 11

CUSIP 10586A108 identifier for Common shares, no par value

Schedule date 03/31/2026 date referenced on cover page

Signature date 04/24/2026 date of signature by attorney-in-fact

Key Terms

Schedule 13G, shared dispositive power, Joint Filing Agreement, parent holding company

4 terms

Schedule 13G regulatory

"Item 1(a) Name of issuer: BRAZIL POTASH CORP."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

shared dispositive power financial

"Shared Dispositive Power 3,178,446.00"

Joint Filing Agreement regulatory

"EXHIBIT (99.1) JOINT FILING AGREEMENT"

parent holding company regulatory

"The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company"

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BRAZIL POTASH CORP.

(Name of Issuer)

Common shares, no par value

(Title of Class of Securities)

10586A108

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 10586A108

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,178,446.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,178,446.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,178,446.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.9 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 10586A108

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,178,446.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,178,446.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,178,446.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.9 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BRAZIL POTASH CORP.
(b)	Address of issuer's principal executive offices: 198 DAVENPORT ROAD, TORONTO, A6, 1J2
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common shares, no par value
(e)	CUSIP Number(s): 10586A108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Sam Prashanth
Name/Title:	Attorney-in-fact
Date:	04/24/2026

GOLDMAN SACHS & CO. LLC

Signature:	Name: Sam Prashanth
Name/Title:	Attorney-in-fact
Date:	04/24/2026

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common shares, no par value, of BRAZIL POTASH CORP. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: THE GOLDMAN SACHS GROUP, INC. By:/s/ Sam Prashanth ---------------------------------------- Name: Sam Prashanth Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Sam Prashanth ---------------------------------------- Name: Sam Prashanth Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group. EXHIBIT (99.3) ITEM 4 INFORMATION *In accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, "GSG"). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units.

FAQ

What ownership stake does Goldman Sachs report in BRAZIL POTASH CORP. (GRO)?

Goldman Sachs reports shared voting and dispositive power over 3,178,446 shares, representing 5.9% of the class as shown in the filing.

Which entities filed the Schedule 13G for BRAZIL POTASH CORP.?

The Schedule 13G was filed jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC under a signed Joint Filing Agreement dated in the exhibit.

Does the filing show Goldman Sachs has sole voting control of the shares?

No. The filing discloses 0 sole voting power and 3,178,446 shared voting power; it identifies shared dispositive power rather than sole control.

What is the CUSIP for the reported BRAZIL POTASH CORP. shares?

The filing lists the security as Common shares with CUSIP 10586A108 for identification in the Schedule 13G disclosure.

Do the exhibits clarify whether client accounts are included in the ownership count?

Exhibit language states the reporting units disclaim beneficial ownership of client accounts and certain investment entities, per the Release referenced in the Item 4 exhibit.