[Form 4] Goldman Sachs Group Inc. Insider Trading Activity

Rhea-AI Filing Summary

Goldman Sachs Group Inc. (GS) Form 4 summary: The reporting person, David A. Viniar, listed as a director, reported transactions dated 08/13/2025 that disposed of common stock. The filing shows dispositions of 3,425 shares and an additional 600,000 shares. After the reported transactions, the reporting person directly or indirectly beneficially owns 72,693 shares (held through trusts where the spouse is sole trustee) and 123,186 shares (held through an LLC). The form includes footnotes clarifying the nature of indirect ownership and is signed by an attorney-in-fact on 08/15/2025.

Insights

Corporate Governance Expert

TL;DR: Director reported large share dispositions; ownership structure includes trusts and an LLC.

The filing documents two disposals on 08/13/2025 totaling 603,425 shares (3,425 and 600,000). The report clarifies that some holdings are indirect: 72,693 shares via trusts (spouse as sole trustee) and 123,186 shares via an LLC. These disclosures are routine for Section 16 insiders and provide transparency on the director's beneficial ownership and its legal structure.

Securities Analyst

TL;DR: Notable share disposals recorded; may modestly reduce insider exposure but filing contains no trading rationale.

The reported disposals reduce the reporting person's stake by the stated amounts, leaving the documented indirect holdings. The form does not state prices or execution context beyond the transaction codes provided. From an investor-materiality perspective, the 600,000-share disposition is the most significant line item disclosed, though the filing does not indicate whether proceeds or intent affect corporate matters.

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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OMB Number:			3235-0287
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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^*

VINIAR DAVID A

(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)
08/13/2025

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
Common Stock, par value $0.01 per share	08/13/2025		G		3,425	D	$0	600,000	D
Common Stock, par value $0.01 per share								72,693	I	See footnote(1)
Common Stock, par value $0.01 per share								123,186	I	See footnote(2)

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

Explanation of Responses:

1. Held through trusts, 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.

2. Held through a limited liability company.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	08/15/2025
	** 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 transactions did the Form 4 for GS report on 08/13/2025?

The filing reports dispositions of 3,425 shares and 600,000 shares of Goldman Sachs common stock on 08/13/2025.

How many Goldman Sachs shares does the reporting person beneficially own after the reported transactions?

The filing shows 72,693 shares held through trusts and 123,186 shares held through a limited liability company, as indirect beneficial ownership.

What is the reporting person's relationship to Goldman Sachs (GS)?

The Form 4 identifies the reporting person, David A. Viniar, as a Director of Goldman Sachs Group Inc.

Are there footnotes explaining the indirect ownership on the GS Form 4?

Yes. Footnote 1 states shares are held through trusts with the spouse as sole trustee and beneficiaries as immediate family; footnote 2 states shares are held through a limited liability company.

Who signed the Form 4 filing for the reporting person?

The document is signed by Jamie A. Greenberg, Attorney-in-fact with a signature date of 08/15/2025.