Were Kathryn Ruemmler’s Goldman Sachs (GS) transactions derivative-related?

No, all of Kathryn Ruemmler’s reported transactions involved non-derivative Goldman Sachs common stock. The Form 4 data show no derivative transactions or remaining derivative positions in the derivative summary associated with these May 6, 2026 trades.

Goldman Sachs (NYSE: GS) legal chief sells 14,292 shares

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Goldman Sachs Group Inc. Chief Legal Officer Kathryn H. Ruemmler sold 14,292 shares of common stock in multiple open-market transactions on May 6, 2026. The sales occurred at prices generally in the $932.53 to $941.40 per share range based on disclosed weighted-average price bands.

Following these transactions, Ruemmler directly holds 15,657 shares of Goldman Sachs common stock. All transactions involved non-derivative common stock and were categorized as open-market sales.

Insider Trade Summary

Net Seller: 14,292 shares ($13,421,235)

Net Sell 9 txns

Insider Ruemmler Kathryn H.

Role Chief Legal Officer, GC

Sold 14,292 shs ($13.42M)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	437	$933.08	$408K
Sale	Common Stock, par value $0.01 per share	479	$934.04	$447K
Sale	Common Stock, par value $0.01 per share	481	$934.76	$450K
Sale	Common Stock, par value $0.01 per share	837	$936.24	$784K
Sale	Common Stock, par value $0.01 per share	203	$936.70	$190K
Sale	Common Stock, par value $0.01 per share	814	$938.42	$764K
Sale	Common Stock, par value $0.01 per share	2,671	$939.33	$2.51M
Sale	Common Stock, par value $0.01 per share	8,250	$940.23	$7.76M
Sale	Common Stock, par value $0.01 per share	120	$941.25	$113K

Holdings After Transaction: Common Stock, par value $0.01 per share — 29,512 shares (Direct, null)

Footnotes (1)

Reflects a weighted average sale price of $933.08 per share, at prices ranging from $932.53 to $933.51 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $934.04 per share, at prices ranging from $933.53 to $934.49 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $934.76 per share, at prices ranging from $934.53 to $935.15 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $936.24 per share, at prices ranging from $935.56 to $936.45 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $936.70 per share, at prices ranging from $936.57 to $936.76 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $938.42 per share, at prices ranging from $937.78 to $938.75 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $939.33 per share, at prices ranging from $938.80 to $939.79 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $940.23 per share, at prices ranging from $939.81 to $940.54 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Reflects a weighted average sale price of $941.25 per share, at prices ranging from $941.12 to $941.40 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold: 14,292 shares Post-transaction holdings: 15,657 shares Highest reported weighted-average price: $941.25 per share +2 more

5 metrics

Shares sold 14,292 shares Total Goldman Sachs common stock sold in open-market trades on May 6, 2026

Post-transaction holdings 15,657 shares Directly owned Goldman Sachs common shares after the reported sales

Highest reported weighted-average price $941.25 per share Weighted-average sale price band referenced in footnote F9

Lowest trade price in ranges $932.53 per share Low end of the disclosed sale price range from footnote F1

Number of sale transactions 9 transactions Distinct open-market sale entries reported for May 6, 2026

Key Terms

open-market sale, weighted average sale price, Common Stock, par value $0.01 per share, reporting person, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"Reflects a weighted average sale price of $933.08 per share"

reporting person regulatory

"The Reporting Person will provide, upon request by the staff"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 04:06 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^*

Ruemmler Kathryn H.

(Last)

(First)

(Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GOLDMAN SACHS GROUP INC [ GS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Legal Officer, GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
Common Stock, par value $0.01 per share	05/06/2026		S		437	D	$933.08⁽¹⁾	29,512	D
Common Stock, par value $0.01 per share	05/06/2026		S		479	D	$934.04⁽²⁾	29,033	D
Common Stock, par value $0.01 per share	05/06/2026		S		481	D	$934.76⁽³⁾	28,552	D
Common Stock, par value $0.01 per share	05/06/2026		S		837	D	$936.24⁽⁴⁾	27,715	D
Common Stock, par value $0.01 per share	05/06/2026		S		203	D	$936.7⁽⁵⁾	27,512	D
Common Stock, par value $0.01 per share	05/06/2026		S		814	D	$938.42⁽⁶⁾	26,698	D
Common Stock, par value $0.01 per share	05/06/2026		S		2,671	D	$939.33⁽⁷⁾	24,027	D
Common Stock, par value $0.01 per share	05/06/2026		S		8,250	D	$940.23⁽⁸⁾	15,777	D
Common Stock, par value $0.01 per share	05/06/2026		S		120	D	$941.25⁽⁹⁾	15,657	D

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)

Explanation of Responses:

1. Reflects a weighted average sale price of $933.08 per share, at prices ranging from $932.53 to $933.51 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

2. Reflects a weighted average sale price of $934.04 per share, at prices ranging from $933.53 to $934.49 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

3. Reflects a weighted average sale price of $934.76 per share, at prices ranging from $934.53 to $935.15 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

4. Reflects a weighted average sale price of $936.24 per share, at prices ranging from $935.56 to $936.45 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

5. Reflects a weighted average sale price of $936.70 per share, at prices ranging from $936.57 to $936.76 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

6. Reflects a weighted average sale price of $938.42 per share, at prices ranging from $937.78 to $938.75 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

7. Reflects a weighted average sale price of $939.33 per share, at prices ranging from $938.80 to $939.79 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

8. Reflects a weighted average sale price of $940.23 per share, at prices ranging from $939.81 to $940.54 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

9. Reflects a weighted average sale price of $941.25 per share, at prices ranging from $941.12 to $941.40 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Goldman Sachs (GS) insider Kathryn Ruemmler do in this Form 4?

Kathryn H. Ruemmler, Chief Legal Officer of Goldman Sachs, sold 14,292 shares of common stock in multiple open-market transactions on May 6, 2026. All reported trades involved non-derivative common stock and were classified as open-market sales.

How many Goldman Sachs (GS) shares did Kathryn Ruemmler sell and at what prices?

Kathryn Ruemmler sold a total of 14,292 Goldman Sachs common shares. Footnotes show weighted-average sale prices, with trade price ranges generally between about $932.53 and $941.40 per share across the reported transaction buckets.

How many Goldman Sachs (GS) shares does Kathryn Ruemmler hold after these sales?

After the reported open-market sales, Kathryn Ruemmler directly holds 15,657 shares of Goldman Sachs common stock. This figure reflects her direct ownership position following completion of the May 6, 2026 transactions disclosed in the Form 4.

What do the weighted-average price footnotes mean in the Goldman Sachs (GS) Form 4?

Each footnote explains that the reported price is a weighted-average sale price for grouped trades within a narrow range. It also notes that detailed information on the number of shares sold at each separate price will be provided upon request to regulators, the issuer, or shareholders.

Did Kathryn Ruemmler buy any Goldman Sachs (GS) shares in this Form 4 filing?

No, the summarized Form 4 data report only sales. The transaction summary shows nine open-market sale transactions totaling 14,292 shares, with no recorded purchases, exercises, gifts, or tax-withholding dispositions in this specific filing.