What are Sheara J. Fredman’s GS share holdings after these Form 4 transactions?

Following the PSU vesting and related tax withholding, Sheara J. Fredman directly holds 16,639 shares of Goldman Sachs common stock. This figure reflects her remaining direct ownership after the routine share withholding for tax obligations.

Goldman Sachs (NYSE: GS) CAO nets shares after PSU vesting and tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Goldman Sachs Group Inc. Chief Accounting Officer Sheara J. Fredman reported equity compensation activity involving performance-based restricted stock units (PSUs). On April 28, 2026, 14,181 shares of common stock underlying PSUs granted on January 18, 2023 were delivered to her without payment of any consideration.

In connection with this delivery, 7,843 shares of common stock were withheld to satisfy tax withholding obligations, a non-market disposition that does not represent an open-market sale. After these transactions, Fredman directly holds 16,639 shares of Goldman Sachs common stock.

Insider Trade Summary

14,181 shares exercised/converted

Mixed 3 txns

Insider FREDMAN SHEARA J

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Performance-based Restricted Stock Units	14,181	$0.00	--
Exercise	Common Stock, par value $0.01 per share	14,181	$0.00	--
Tax Withholding	Common Stock, par value $0.01 per share	7,843	$937.81	$7.36M

Holdings After Transaction: Performance-based Restricted Stock Units — 0 shares (Direct, null); Common Stock, par value $0.01 per share — 24,482 shares (Direct, null)

Footnotes (1)

On April 28, 2026, shares of the Issuer's common stock underlying an award of Performance-based Restricted Stock Units ("PSUs") granted on January 18, 2023 in connection with 2022 year-end compensation were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before January 2027. Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the PSUs described in footnote 1 above.

Key Figures

PSU shares delivered: 14,181 shares Shares withheld for taxes: 7,843 shares Shares held after transactions: 16,639 shares +3 more

6 metrics

PSU shares delivered 14,181 shares Common stock from performance-based RSUs delivered April 28, 2026

Shares withheld for taxes 7,843 shares Common stock withheld to satisfy tax obligations on PSU delivery

Shares held after transactions 16,639 shares Direct holdings of Goldman Sachs common stock after April 28, 2026

Implied tax withholding price $937.81 per share Price per share for 7,843 withheld common shares

PSU grant date January 18, 2023 Grant date of performance-based RSUs tied to 2022 compensation

Transfer restriction end January 2027 Date before which delivered PSU shares generally cannot be sold or transferred

Key Terms

Performance-based Restricted Stock Units, withholding obligations, Chief Accounting Officer, tax-withholding disposition, +1 more

5 terms

Performance-based Restricted Stock Units financial

"shares of the Issuer's common stock underlying an award of Performance-based Restricted Stock Units ("PSUs")"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

withholding obligations financial

"Represents shares of the Issuer's common stock withheld to satisfy withholding obligations"

Chief Accounting Officer financial

"officer_title": "Chief Accounting Officer""

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 04:04 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^*

FREDMAN SHEARA J

(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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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	04/28/2026		M		14,181⁽¹⁾	A	⁽¹⁾	24,482	D
Common Stock, par value $0.01 per share	04/28/2026		F⁽²⁾		7,843	D⁽²⁾	$937.81	16,639	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)
Performance-based Restricted Stock Units	⁽¹⁾	04/28/2026		M			14,181	⁽¹⁾	⁽¹⁾	Common Stock, par value $0.01 per share	14,181	⁽¹⁾	0	D

Explanation of Responses:

1. On April 28, 2026, shares of the Issuer's common stock underlying an award of Performance-based Restricted Stock Units ("PSUs") granted on January 18, 2023 in connection with 2022 year-end compensation were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before January 2027.

2. Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the PSUs described in footnote 1 above.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	04/30/2026
	** 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 insider transaction did GS Chief Accounting Officer Sheara J. Fredman report?

Sheara J. Fredman reported delivery of 14,181 Goldman Sachs common shares from vested performance-based restricted stock units. The shares were granted as part of 2022 year-end compensation and delivered on April 28, 2026 without any cash payment by her.

Were the GS shares in this Form 4 open-market purchases or sales?

The Form 4 shows no open-market purchases or sales. Shares came from PSU vesting and 7,843 shares were withheld to cover tax obligations, a routine non-market disposition rather than a voluntary sale into the market.

How many Goldman Sachs shares did Sheara J. Fredman receive from PSU vesting?

Sheara J. Fredman received 14,181 Goldman Sachs common shares upon delivery of performance-based restricted stock units granted on January 18, 2023. These shares were delivered on April 28, 2026 without her paying any consideration.

How many GS shares were withheld for taxes in this insider transaction?

A total of 7,843 Goldman Sachs common shares were withheld to satisfy tax withholding obligations. This occurred in connection with the delivery of shares underlying the vested PSUs, and reflects tax payment mechanics rather than a market sale.

Can the newly delivered GS shares from PSUs be sold immediately?

The filing notes that the common shares delivered from PSUs generally cannot be sold or transferred before January 2027. This restriction applies to the shares underlying the performance-based restricted stock units delivered on April 28, 2026.