Goldman Sachs (NYSE: GS) director Thomas Montag receives 364 RSUs

Rhea-AI Filing Summary

The Goldman Sachs Group Inc. director Thomas K. Montag reported an award of derivative equity-based compensation. On January 16, 2026, he received 364 Restricted Stock Units (RSUs) as part of his 2025 annual grant. Each RSU represents a right to receive one share of Goldman Sachs common stock.

The filing states that the shares underlying these RSUs will be delivered approximately 90 days after his retirement from the company’s Board of Directors. Following this grant, Montag beneficially owns 1,397 derivative securities in the form of RSUs, held in direct ownership.

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

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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^*

Montag Thomas K.

(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

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	(1)	01/16/2026		A		364		(1)	(1)	Common Stock, par value $0.01 per share	364	$0	1,397	D

Explanation of Responses:

1. 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:

	/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

What insider transaction did GS director Thomas K. Montag report?

Thomas K. Montag reported receiving 364 Restricted Stock Units (RSUs) on January 16, 2026 as part of his 2025 annual grant from The Goldman Sachs Group Inc.

How many GS Restricted Stock Units does Thomas K. Montag now hold?

After the reported transaction, Thomas K. Montag beneficially owns 1,397 Restricted Stock Units related to The Goldman Sachs Group Inc.

When will the GS shares underlying Thomas K. Montag’s RSUs be delivered?

The filing states that shares of Goldman Sachs common stock underlying these RSUs will be delivered approximately 90 days after Thomas K. Montag’s retirement from the Board of Directors.

What role does Thomas K. Montag hold at The Goldman Sachs Group Inc. (GS)?

Thomas K. Montag is identified as a Director of The Goldman Sachs Group Inc. in the filing.

What was the transaction code used in Thomas K. Montag’s GS Form 4 filing?

The transaction was reported with code "A", indicating an acquisition of derivative securities (RSUs).

Is Thomas K. Montag’s ownership of these GS RSUs direct or indirect?

The Form 4 indicates that Thomas K. Montag’s 1,397 RSUs are held in direct ownership.

What type of security did Thomas K. Montag receive from GS in this transaction?

He received Restricted Stock Units (RSUs), which are derivative securities that will be settled in shares of Goldman Sachs common stock at a future time.