[144] Goldman Sachs Group Inc. SEC Filing

Rhea-AI Filing Summary

Form 4 highlights for Cricut, Inc. (CRCT): Between 07/21-07/23/2025, CEO, Director and 10% owner Ashish Arora filed a Statement of Changes in Beneficial Ownership.

• Open-market sales: 21,250 shares were sold on each of three consecutive days (total 63,750) under a Rule 10b5-1 plan at weighted-average prices of $5.4554, $5.4879 and $5.5789.
• Dividend-equivalent grant: 341,869 Class A restricted stock units (RSUs) were automatically credited at $0 cost, tied to a $0.75 special and $0.10 semi-annual cash dividend paid 07/21/2025.
• Post-transaction stake: 3,036,561 Class A shares are now held directly. Arora also owns 2,218,889 fully-vested employee stock options with an adjusted exercise price of $17.50.

Net of the sales, the CEO’s direct share count rose by 278,119 shares (~10%). The dispositions represent roughly 2% of his equity position and were pre-scheduled, limiting signalling value. No company-level financial metrics were disclosed in this filing.

Insights

Financial Analyst

TL;DR: Small pre-planned sale offset by large RSU grant; CEO stake still above 3 M shares—neutral to modestly negative signal.

The 63.8 K shares sold equate to only ~2% of Arora’s holdings and occurred under a 10b5-1 plan, reducing concern about opportunistic selling. More importantly, the automatically issued 341.9 K RSUs tied to dividend equivalents increased his ownership base by about 10%. Net share position rises, indicating continued alignment with shareholders. However, recurring insider selling—despite being minor—can create optical pressure on the stock, especially given Cricut’s sub-$6 share price and limited float. Overall investor impact is neutral: no change to fundamentals, but insider‐activity headlines may add short-term volatility.

Corporate Governance Specialist

TL;DR: Transactions follow policy, but frequent sales at depressed prices raise perception risk.

The filing shows compliance with disclosure rules and pre-set trading plans, mitigating insider-trading concerns. Yet continued sales by the CEO below the $17.50 option strike might be viewed negatively by governance-focused investors questioning management’s confidence in long-term value. Dividend-equivalent RSUs, while shareholder-friendly, can dilute when share price is weak. Governance impact is mildly negative but not material enough to alter investment thesis.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock, par value $0.01	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	6008	4208063.28	306841128	07/23/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock, par $.01 per share	07/23/2025	Employee Compensation Awards	The Goldman Sachs Group, Inc.			6008	07/23/2025	Employee Compensation Awards

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Cricut (CRCT) shares did the CEO sell in this Form 4?

Ashish Arora sold 63,750 Class A shares between 07/21 and 07/23 2025.

At what prices were the CRCT shares sold?

Weighted-average sale prices were $5.4554, $5.4879 and $5.5789 on the three respective days.

What new equity did the CEO receive?

He was credited with 341,869 dividend-equivalent RSUs at no cost, linked to recent cash dividends.

What is Ashish Arora’s total direct ownership after the transactions?

He now directly holds 3,036,561 Class A shares plus 2,218,889 fully-vested options.

Were the sales part of a trading plan?

Yes. All sales were executed under a Rule 10b5-1 plan adopted on 08/19/2024.

Does the filing disclose any company financial results?

No. Form 4 only reports insider trading activity; it contains no earnings or revenue data.