Goldman Sachs director granted 423 RSUs

Goldman Sachs Group Inc. director Peter Oppenheimer reported a stock-based compensation grant in the form of derivative securities.

Rhea-AI Filing Summary

Goldman Sachs Group Inc. director Peter Oppenheimer reported a stock-based compensation grant in the form of derivative securities. On 01/16/2026, he was awarded 423 Restricted Stock Units (RSUs) at a price of $0 per unit, increasing his directly held RSUs to 7,229.

The RSUs represent his 2025 annual grant, fourth quarter 2025 board retainer and committee chair fee for service on the Goldman Sachs board, as well as his fourth quarter 2025 retainer for service on the board of Goldman Sachs Bank USA. Shares of Goldman Sachs common stock underlying these RSUs will be delivered about 90 days after he retires from either board.

Insider Trade Summary

Grant/Award: 423 shares

Grant/Award 1 txn

Insider OPPENHEIMER PETER

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	423	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 7,229 contracts (Direct)

Footnotes (1)

1. F1. Represents Restricted Stock Units ("RSUs") granted for the Reporting Person's 2025 Annual Grant for service on the Issuer's Board of Directors, fourth quarter 2025 Annual Retainer and Committee Chair Fee for service on the Issuer's Board of Directors and fourth quarter 2025 Annual Retainer for service on the Board of Directors of Goldman Sachs Bank USA ("GS Bank"). 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 or GS Bank Board of Directors, as applicable.

FAQ

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

What insider transaction did GS director Peter Oppenheimer report?

Peter Oppenheimer, a director of Goldman Sachs Group Inc. (GS), reported the grant of 423 Restricted Stock Units (RSUs) on 01/16/2026 as stock-based compensation.

How many Goldman Sachs RSUs does Peter Oppenheimer hold after this Form 4?

Following the 423 RSU grant, Peter Oppenheimer beneficially owns 7,229 RSUs in Goldman Sachs Group Inc., held directly.

What is the exercise or purchase price of the RSUs granted to the GS director?

The 423 Restricted Stock Units reported for Peter Oppenheimer have a price of $0 per unit, reflecting their nature as stock-based compensation rather than a purchase.

When will the RSUs reported by Peter Oppenheimer deliver Goldman Sachs shares?

According to the footnote, shares of Goldman Sachs common stock underlying these RSUs will be delivered approximately 90 days after Peter Oppenheimer retires from the Goldman Sachs or Goldman Sachs Bank USA board of directors.

What services are these Goldman Sachs RSUs compensating Peter Oppenheimer for?

The RSUs represent 2025 Annual Grant compensation, the fourth quarter 2025 board retainer and Committee Chair Fee for the Goldman Sachs board, plus the fourth quarter 2025 retainer for serving on the Goldman Sachs Bank USA board.

Is Peter Oppenheimer’s RSU position in Goldman Sachs held directly or indirectly?

The Form 4 indicates that the 7,229 RSUs following the reported transaction are held with direct (D) ownership by Peter Oppenheimer.

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

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Accepted by SEC EDGAR 01/21/2026 - 04:38 PM 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^*

OPPENHEIMER PETER

(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		423		(1)	(1)	Common Stock, par value $0.01 per share	423	$0	7,229	D

Explanation of Responses:

1. Represents Restricted Stock Units ("RSUs") granted for the Reporting Person's 2025 Annual Grant for service on the Issuer's Board of Directors, fourth quarter 2025 Annual Retainer and Committee Chair Fee for service on the Issuer's Board of Directors and fourth quarter 2025 Annual Retainer for service on the Board of Directors of Goldman Sachs Bank USA ("GS Bank"). 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 or GS Bank Board of Directors, as applicable.

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.