Goldman Sachs (NYSE: GS) awards 364 RSUs to board director

Rhea-AI Filing Summary

Goldman Sachs Group Inc. director Michele M. Burns reported receiving 364 Restricted Stock Units (RSUs) on January 16, 2026 as part of her 2025 annual equity grant. This is a grant of the right to receive shares, not an immediate stock purchase.

After this award, she beneficially owned 5,075 RSUs in total on a direct basis. The filing states that shares of Goldman Sachs common stock underlying these RSUs will be delivered approximately 90 days after her retirement from the company’s Board of Directors, tying settlement to the end of her board service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BURNS M MICHELE

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	364	$0.00	--

Holdings After Transaction: Restricted Stock Units — 5,075 shares (Direct)

Footnotes (1)

1. [object Object]

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^*

BURNS M MICHELE

(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		364		(1)	(1)	Common Stock, par value $0.01 per share	364	$0	5,075	D

Explanation of Responses:

1. Represents Restricted Stock Units ("RSUs") granted for the Reporting Person's 2025 Annual Grant. 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 Michele M. Burns report?

Michele M. Burns reported the grant of 364 Restricted Stock Units (RSUs) in Goldman Sachs Group Inc. on January 16, 2026, coded as an acquisition (A).

How many Goldman Sachs (GS) RSUs does Michele M. Burns hold after this grant?

Following the reported transaction, Michele M. Burns beneficially owned 5,075 RSUs of Goldman Sachs Group Inc., held in direct ownership form.

When will Michele M. Burns receive GS shares from the 2025 RSU grant?

The filing states that shares of Goldman Sachs common stock underlying these RSUs will be delivered approximately 90 days after her retirement from the Board of Directors.

What type of security was granted to Michele M. Burns by Goldman Sachs (GS)?

She was granted Restricted Stock Units (RSUs), which represent a right to receive shares of Goldman Sachs common stock in the future, rather than immediate stock ownership.

Was the GS RSU transaction by Michele M. Burns an acquisition or a sale?

The transaction was reported with code A, indicating an acquisition of 364 RSUs, not a sale of existing securities.

Is Michele M. Burns an officer or a director of Goldman Sachs Group Inc. (GS)?

According to the filing, Michele M. Burns is a director of Goldman Sachs Group Inc. and is not listed as an officer or 10% owner.