Mark A. Flaherty (GS) receives 390 RSUs as 2025 board compensation

Q: What insider transaction did Goldman Sachs (GS) report for Mark A. Flaherty?

Goldman Sachs (GS) reported that director Mark A. Flaherty received a grant of 390 Restricted Stock Units (RSUs) on January 16, 2026 as equity compensation.

Q: What is the nature of the RSU grant to Mark A. Flaherty at Goldman Sachs (GS)?

The 390 RSUs represent Mark A. Flaherty’s 2025 Annual Grant and his fourth quarter 2025 annual retainer for serving on Goldman Sachs’ Board of Directors.

Q: Are Mark A. Flaherty’s Goldman Sachs (GS) RSUs held directly or indirectly?

The Form 4 indicates that Mark A. Flaherty’s 5,220 RSUs , including the new 390-unit grant, are held with direct (D) ownership.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Goldman Sachs Group Inc. director Mark A. Flaherty reported receiving a grant of 390 Restricted Stock Units (RSUs) on January 16, 2026. The RSUs were awarded as part of his 2025 Annual Grant and his fourth quarter 2025 annual retainer for serving on the board.

Each RSU represents one share of Goldman Sachs common stock, and the shares will be delivered approximately 90 days after his retirement from the company’s Board of Directors. Following this grant, Flaherty directly holds 5,220 derivative securities in the form of RSUs, reflecting his equity-based compensation as a director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Flaherty Mark A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	390	$0.00	--

Holdings After Transaction: Restricted Stock Units — 5,220 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

01/21/2026 - 04:25 PM

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^*

Flaherty Mark A.

(Last)

(First)

(Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	01/16/2026		A		390		⁽¹⁾	⁽¹⁾	Common Stock, par value $0.01 per share	390	$0	5,220	D

Explanation of Responses:

1. Represents Restricted Stock Units ("RSUs") granted for the Reporting Person's 2025 Annual Grant and fourth quarter 2025 Annual Retainer. 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Goldman Sachs (GS) report for Mark A. Flaherty?

Goldman Sachs (GS) reported that director Mark A. Flaherty received a grant of 390 Restricted Stock Units (RSUs) on January 16, 2026 as equity compensation.

How many Goldman Sachs (GS) RSUs does Mark A. Flaherty hold after this transaction?

After the reported RSU grant, Mark A. Flaherty beneficially owns 5,220 Restricted Stock Units of Goldman Sachs (GS) on a direct basis.

What is the nature of the RSU grant to Mark A. Flaherty at Goldman Sachs (GS)?

The 390 RSUs represent Mark A. Flaherty’s 2025 Annual Grant and his fourth quarter 2025 annual retainer for serving on Goldman Sachs’ Board of Directors.

When will Mark A. Flaherty receive the Goldman Sachs (GS) shares underlying his RSUs?

The shares of Goldman Sachs (GS) common stock underlying the 390 RSUs will be delivered approximately 90 days after Mark A. Flaherty retires from the Board of Directors.

Are Mark A. Flaherty’s Goldman Sachs (GS) RSUs held directly or indirectly?

The Form 4 indicates that Mark A. Flaherty’s 5,220 RSUs, including the new 390-unit grant, are held with direct (D) ownership.

What transaction code is associated with Mark A. Flaherty’s RSU grant at Goldman Sachs (GS)?

The RSU grant to Mark A. Flaherty is reported with transaction code "A", indicating an acquisition of derivative securities.