Goldman Sachs EVP Rogers receives 36,633 award shares

The award shares generally cannot be sold or transferred before October 2027, while 18,562 shares were withheld to satisfy withholding obligations.

Rhea-AI Filing Summary

Goldman Sachs Group Inc. Executive Vice President John F.W. Rogers received 36,633 common shares underlying performance-based restricted stock units on October 23, 2026, without consideration. The award reflected maximum (150%) achievement of its pre-established absolute and relative total shareholder return-based goals. 18,562 shares were withheld to satisfy withholding obligations at a reported $891.30 per share. The shares generally cannot be sold or transferred before October 2027; the reported performance-based RSU position after the transaction was 0 units.

Insider Trade Summary

36,633 shares exercised/converted

Exercise 5 txns

Insider ROGERS JOHN F.W.

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise	Performance-based Restricted Stock Units F1	36,633	--	--
Exercise	Common Stock, par value $0.01 per share F1	36,633	--	--
Tax Withholding	Common Stock, par value $0.01 per share F2	18,562	$891.30	$16.54M
holding	Common Stock, par value $0.01 per share F3	--	--	--
holding	Common Stock, par value $0.01 per share F4	--	--	--

Holdings After Transaction: Performance-based Restricted Stock Units — 0 contracts (Direct); Common Stock, par value $0.01 per share — 67,888 shares (Direct); Common Stock, par value $0.01 per share — 47,593 shares (Indirect, See footnote)

Footnotes (4)

1. F1. On October 23, 2026, shares of the Issuer's common stock underlying a Shareholder Value Creation Award ("SVC Award"), originally granted in January 2022 in the form of performance-based restricted stock units, were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before October 2027. The delivery reflects the maximum (150%) achievement of pre-established absolute and relative total shareholder return-based performance goals set forth in the SVC Award.
2. F2. Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the performance-based restricted stock units described in footnote 1 above.
3. F3. Held by the Reporting Person's spouse.
4. F4. Held through a trust, the sole trustee of which is the Reporting Person's spouse and the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Key Figures

Performance-based RSUs: 36,633 units Common shares delivered: 36,633 shares Shares withheld: 18,562 shares +3 more

6 metrics

Performance-based RSUs 36,633 units Delivered on October 23, 2026

Common shares delivered 36,633 shares Underlying the performance-based RSUs; delivered on October 23, 2026

Shares withheld 18,562 shares Withheld to satisfy withholding obligations on October 23, 2026

Withholding price $891.30 per share Reported for the shares withheld on October 23, 2026

Maximum award achievement 150% Pre-established absolute and relative total shareholder return-based goals

Performance-based RSUs after transaction 0 units Reported resulting position on October 23, 2026

Key Terms

performance-based restricted stock units, Shareholder Value Creation Award, total shareholder return

3 terms

performance-based restricted stock units financial

"originally granted in January 2022 in the form of performance-based restricted stock units"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

Shareholder Value Creation Award financial

"underlying a Shareholder Value Creation Award"

total shareholder return financial

"absolute and relative total shareholder return-based performance goals"

Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Goldman Sachs (GS) shares did John F.W. Rogers receive from the award?

John F.W. Rogers received 36,633 common shares on October 23, 2026, without consideration. The shares were delivered under a Shareholder Value Creation Award that achieved its maximum (150%) performance level.

What transfer restriction applies to John F.W. Rogers’s Goldman Sachs award shares?

The shares generally cannot be sold or transferred before October 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/27/2026 - 05:09 PM EDT Accepted by SEC EDGAR 10/27/2026 - 05:09 PM EDT Learn about SEC filing dates

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^*

ROGERS JOHN F.W.

(Last) (First) (Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK NEW YORK 10282

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

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

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

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

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	10/23/2026		M		36,633(1)	A	(1)	86,450	D
Common Stock, par value $0.01 per share	10/23/2026		F(2)		18,562	D(2)	$891.3	67,888	D
Common Stock, par value $0.01 per share								9,428	I	See footnote(3)
Common Stock, par value $0.01 per share								38,165	I	See footnote(4)

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
Performance-based Restricted Stock Units	(1)	10/23/2026		M			36,633	(1)	(1)	Common Stock, par value $0.01 per share	36,633	(1)	0	D

Explanation of Responses:

1. On October 23, 2026, shares of the Issuer's common stock underlying a Shareholder Value Creation Award ("SVC Award"), originally granted in January 2022 in the form of performance-based restricted stock units, were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before October 2027. The delivery reflects the maximum (150%) achievement of pre-established absolute and relative total shareholder return-based performance goals set forth in the SVC Award.

2. Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the performance-based restricted stock units described in footnote 1 above.

3. Held by the Reporting Person's spouse.

4. Held through a trust, the sole trustee of which is the Reporting Person's spouse and the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	10/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)