Goldman Sachs (NYSE: GS) director receives 364 RSUs grant

Q: What insider transaction did GS director Ellen Jamison Kullman report?

Ellen Jamison Kullman, a director of Goldman Sachs Group Inc. (GS) , reported receiving a grant of 364 Restricted Stock Units (RSUs) on January 16, 2026 as part of her 2025 annual grant.

Q: When will Ellen Jamison Kullman receive the GS shares underlying the new RSUs?

The shares of Goldman Sachs common stock underlying the 364 RSUs will be delivered approximately 90 days after Kullman retires from the company’s Board of Directors.

Q: Are Ellen Jamison Kullman’s Goldman Sachs RSUs held directly or indirectly?

The Form 4 shows that Ellen Jamison Kullman’s 5,798 RSUs , including the new 364-unit grant, are held with direct (D) ownership.

Q: What type of security did Ellen Jamison Kullman receive from Goldman Sachs in this filing?

She received Restricted Stock Units , which are derivative securities that will settle in shares of Goldman Sachs common stock upon delivery.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Goldman Sachs Group Inc. director Ellen Jamison Kullman reported receiving a grant of 364 Restricted Stock Units (RSUs) on January 16, 2026 as part of her 2025 annual equity award. Each RSU represents one share of Goldman Sachs common stock with a stated price of $0 per unit, reflecting that this is a compensation grant rather than a purchase. After this grant, she beneficially owns 5,798 RSUs in total. The underlying shares of common stock will be delivered approximately 90 days after her retirement from the Goldman Sachs Board of Directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kullman Ellen Jamison

Role Director

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

Holdings After Transaction: Restricted Stock Units — 5,798 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

01/21/2026 - 04:32 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^*

Kullman Ellen Jamison

(Last)

(First)

(Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK

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)
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)

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)
Restricted Stock Units	⁽¹⁾	01/16/2026		A		364		⁽¹⁾	⁽¹⁾	Common Stock, par value $0.01 per share	364	$0	5,798	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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GS director Ellen Jamison Kullman report?

Ellen Jamison Kullman, a director of Goldman Sachs Group Inc. (GS), reported receiving a grant of 364 Restricted Stock Units (RSUs) on January 16, 2026 as part of her 2025 annual grant.

How many Goldman Sachs RSUs does Ellen Jamison Kullman hold after this Form 4 filing?

Following the reported RSU grant, Ellen Jamison Kullman beneficially owns 5,798 Restricted Stock Units linked to Goldman Sachs common stock.

When will Ellen Jamison Kullman receive the GS shares underlying the new RSUs?

The shares of Goldman Sachs common stock underlying the 364 RSUs will be delivered approximately 90 days after Kullman retires from the company’s Board of Directors.

What was the transaction code used for Ellen Jamison Kullman’s RSU grant at GS?

The RSU grant to Ellen Jamison Kullman is reported with transaction code “A”, indicating an award or grant of derivative securities under applicable reporting rules.

Are Ellen Jamison Kullman’s Goldman Sachs RSUs held directly or indirectly?

The Form 4 shows that Ellen Jamison Kullman’s 5,798 RSUs, including the new 364-unit grant, are held with direct (D) ownership.

What type of security did Ellen Jamison Kullman receive from Goldman Sachs in this filing?

She received Restricted Stock Units, which are derivative securities that will settle in shares of Goldman Sachs common stock upon delivery.