John B. Hess (GS) reports 390 RSU board grant, now holds 842 units

Rhea-AI Filing Summary

Goldman Sachs Group Inc. director John B. Hess reported an equity compensation award in the form of restricted stock units. On January 16, 2026, he received 390 restricted stock units (RSUs), recorded at a price of $0.00 per unit as they are a grant rather than a market purchase. Following this grant, he beneficially owns 842 derivative securities tied to the company’s common stock.

The RSUs represent Mr. Hess’s 2025 Annual Grant and his fourth quarter 2025 Annual Retainer for service on the Board of Directors. The underlying shares of common stock will be delivered approximately 90 days after his retirement from the Board, aligning the award with his continued board service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HESS JOHN B

Role Director

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

Holdings After Transaction: Restricted Stock Units — 842 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

HESS JOHN B

(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		390		(1)	(1)	Common Stock, par value $0.01 per share	390	$0	842	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.

FAQ

What insider transaction did GS director John B. Hess report on this Form 4?

John B. Hess reported receiving a grant of 390 restricted stock units (RSUs) of Goldman Sachs Group Inc. common stock on January 16, 2026, as equity compensation.

How many Goldman Sachs (GS) RSUs does John B. Hess own after this transaction?

After the reported RSU grant, John B. Hess beneficially owns 842 derivative securities related to Goldman Sachs common stock, according to the Form 4.

What is the nature of the RSU grant reported by John B. Hess at GS?

The 390 RSUs reported are part of John B. Hess’s 2025 Annual Grant and his fourth quarter 2025 Annual Retainer for serving on the Goldman Sachs Board of Directors.

When will John B. Hess receive the GS shares underlying his RSUs?

The filing states that shares of Goldman Sachs common stock underlying these RSUs will be delivered approximately 90 days after John B. Hess retires from the company’s Board of Directors.

Was the RSU transaction by John B. Hess in Goldman Sachs stock a purchase or a grant?

The Form 4 shows transaction code A, indicating an acquisition by grant of 390 RSUs at a recorded price of $0.00 per unit, reflecting non-cash equity compensation.

Does John B. Hess hold his Goldman Sachs RSUs directly or indirectly?

The Form 4 indicates that the 842 derivative securities following the transaction are held with direct (D) ownership by John B. Hess.