Goldman Sachs (GS) director David Viniar reports stock sales and new RSUs

Rhea-AI Filing Summary

Goldman Sachs Group Inc. director David A. Viniar reported multiple transactions in the company’s common stock on January 16, 2026. He executed a series of open-market sales of common stock at weighted average prices generally between $957.16 and $975.28 per share, leaving him with 555,000 shares held directly after one of the reported sales and additional shares held indirectly.

Some of the sales involved indirect holdings that are held through a limited liability company, with one line showing 103,390 shares indirectly owned after the latest reported indirect sale. In addition, Viniar received a grant of 364 Restricted Stock Units for his 2025 annual grant, increasing his RSU holdings to 5,075 units, which will settle in common stock approximately 90 days after his retirement from the board.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VINIAR DAVID A

(Last) (First) (Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK NY 10282

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GOLDMAN SACHS GROUP INC [ GS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	01/16/2026		S		344	D	$958.02(1)	599,656	D
Common Stock, par value $0.01 per share	01/16/2026		S		825	D	$959(2)	598,831	D
Common Stock, par value $0.01 per share	01/16/2026		S		417	D	$960.2(3)	598,414	D
Common Stock, par value $0.01 per share	01/16/2026		S		4,252	D	$961.29(4)	594,162	D
Common Stock, par value $0.01 per share	01/16/2026		S		5,817	D	$962.25(5)	588,345	D
Common Stock, par value $0.01 per share	01/16/2026		S		3,409	D	$963.11(6)	584,936	D
Common Stock, par value $0.01 per share	01/16/2026		S		4,137	D	$964.28(7)	580,799	D
Common Stock, par value $0.01 per share	01/16/2026		S		6,093	D	$965.24(8)	574,706	D
Common Stock, par value $0.01 per share	01/16/2026		S		7,676	D	$966.27(9)	567,030	D
Common Stock, par value $0.01 per share	01/16/2026		S		4,442	D	$967.19(10)	562,588	D
Common Stock, par value $0.01 per share	01/16/2026		S		1,982	D	$968.18(11)	560,606	D
Common Stock, par value $0.01 per share	01/16/2026		S		1,684	D	$969.19(12)	558,922	D
Common Stock, par value $0.01 per share	01/16/2026		S		1,014	D	$970.2(13)	557,908	D
Common Stock, par value $0.01 per share	01/16/2026		S		181	D	$971.08(14)	557,727	D
Common Stock, par value $0.01 per share	01/16/2026		S		343	D	$972.15(15)	557,384	D
Common Stock, par value $0.01 per share	01/16/2026		S		734	D	$973.48(16)	556,650	D
Common Stock, par value $0.01 per share	01/16/2026		S		1,136	D	$974.43(17)	555,514	D
Common Stock, par value $0.01 per share	01/16/2026		S		514	D	$975.28(18)	555,000	D
Common Stock, par value $0.01 per share	01/16/2026		G		5,000	D	$0	550,000	D
Common Stock, par value $0.01 per share	01/16/2026		S		70	D	$957.16(19)	123,116	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		412	D	$958.68(21)	122,704	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		216	D	$959.5(22)	122,488	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		755	D	$960.88(23)	121,733	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		2,806	D	$961.65(24)	118,927	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		2,779	D	$962.59(25)	116,148	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		1,519	D	$963.63(26)	114,629	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		2,472	D	$964.66(27)	112,157	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		3,393	D	$965.6(28)	108,764	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		3,743	D	$966.55(29)	105,021	I	See footnote(20)
Common Stock, par value $0.01 per share	01/16/2026		S		1,631	D	$967.51(30)	103,390	I	See footnote(20)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(31)	01/16/2026		A		364		(31)	(31)	Common Stock, par value $0.01 per share	364	$0	5,075	D

Explanation of Responses:

1. Reflects a weighted average sale price of $958.02 per share, at prices ranging from $957.48 to $958.46 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

2. Reflects a weighted average sale price of $959.00 per share, at prices ranging from $958.63 to $959.59 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

3. Reflects a weighted average sale price of $960.20 per share, at prices ranging from $959.68 to $960.62 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

4. Reflects a weighted average sale price of $961.29 per share, at prices ranging from $960.72 to $961.71 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

5. Reflects a weighted average sale price of $962.25 per share, at prices ranging from $961.72 to $962.71 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

6. Reflects a weighted average sale price of $963.11 per share, at prices ranging from $962.72 to $963.71 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

7. Reflects a weighted average sale price of $964.28 per share, at prices ranging from $963.74 to $964.73 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

8. Reflects a weighted average sale price of $965.24 per share, at prices ranging from $964.74 to $965.73 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

9. Reflects a weighted average sale price of $966.27 per share, at prices ranging from $965.74 to $966.73 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

10. Reflects a weighted average sale price of $967.19 per share, at prices ranging from $966.74 to $967.73 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

11. Reflects a weighted average sale price of $968.18 per share, at prices ranging from $967.74 to $968.73 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

12. Reflects a weighted average sale price of $969.19 per share, at prices ranging from $968.74 to $969.72 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

13. Reflects a weighted average sale price of $970.20 per share, at prices ranging from $969.74 to $970.73 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

14. Reflects a weighted average sale price of $971.08 per share, at prices ranging from $970.79 to $971.75 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

15. Reflects a weighted average sale price of $972.15 per share, at prices ranging from $971.83 to $972.79 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

16. Reflects a weighted average sale price of $973.48 per share, at prices ranging from $973.01 to $974.00 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

17. Reflects a weighted average sale price of $974.43 per share, at prices ranging from $974.01 to $974.96 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

18. Reflects a weighted average sale price of $975.28 per share, at prices ranging from $975.01 to $975.67 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

19. Reflects a weighted average sale price of $957.16 per share, at prices ranging from $956.89 to $957.51 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

20. Held through a limited liability company.

21. Reflects a weighted average sale price of $958.68 per share, at prices ranging from $958.11 to $959.04 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

22. Reflects a weighted average sale price of $959.50 per share, at prices ranging from $959.11 to $959.83 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

23. Reflects a weighted average sale price of $960.88 per share, at prices ranging from $960.13 to $961.12 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

24. Reflects a weighted average sale price of $961.65 per share, at prices ranging from $961.14 to $962.12 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

25. Reflects a weighted average sale price of $962.59 per share, at prices ranging from $962.14 to $963.10 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

26. Reflects a weighted average sale price of $963.63 per share, at prices ranging from $963.14 to $964.12 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

27. Reflects a weighted average sale price of $964.66 per share, at prices ranging from $964.14 to $965.13 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

28. Reflects a weighted average sale price of $965.60 per share, at prices ranging from $965.14 to $966.13 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

29. Reflects a weighted average sale price of $966.55 per share, at prices ranging from $966.14 to $967.13 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

30. Reflects a weighted average sale price of $967.51 per share, at prices ranging from $967.14 to $968.13 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

31. Represents Restricted Stock Units ("RSUs") granted for the Reporting Person's 2025 Annual Grant. Shares of the Issuer's common stock underlying these RSUs will be delivered approximately 90 days after the retirement of the Reporting Person from the Issuer's Board of Directors.

Remarks:

This Form 4 is the first of two Form 4s being filed by the Reporting Person relating to the same events. The Form 4 has been split into two filings because the SEC's EDGAR filing system limits the number of transactions that can be reported on a single Form 4.

	/s/ Jamie A. Greenberg, Attorney-in-fact	01/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who reported insider transactions in GS stock on this Form 4?

The Form 4 reports transactions by David A. Viniar, a director of The Goldman Sachs Group, Inc. (GS). He is identified as a reporting person with director status and no officer role listed.

What type of insider transactions did David A. Viniar report for GS?

He reported open-market sales of Goldman Sachs common stock, coded as transaction type S (sale) on January 16, 2026, at various weighted average prices mostly between $957.16 and $975.28 per share. He also reported an A (acquisition) of Restricted Stock Units.

How many Goldman Sachs shares does David A. Viniar hold after the reported transactions?

After one of the reported direct sales, Viniar is shown as beneficially owning 555,000 shares of Goldman Sachs common stock directly. After the final indirect sale line, he is shown as beneficially owning 103,390 shares indirectly through a limited liability company.

Were any GS shares sold indirectly through another entity?

Yes. Several sale entries are marked as indirect (I), with the nature of ownership footnoted as “Held through a limited liability company.” These indicate that a portion of the reported sales and holdings relate to shares held via that limited liability company.

What were the approximate sale prices for the GS insider transactions?

The reported sales were executed in multiple tranches with weighted average prices per share including $958.02, $962.25, $966.27, $972.15, and up to about $975.28. Each footnote clarifies that actual trade prices occurred within stated ranges around those averages.

What Restricted Stock Units did David A. Viniar receive from GS?

He received 364 Restricted Stock Units (RSUs) as his 2025 Annual Grant. Following this grant, he beneficially owns 5,075 RSUs. According to the disclosure, shares underlying these RSUs will be delivered approximately 90 days after his retirement from the Goldman Sachs board of directors.