STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

On 07/17/2025, director John B. Hess filed a Form 4 reporting the receipt of 36 Restricted Stock Units (RSUs) of The Goldman Sachs Group, Inc. (GS). The grant was coded “A” (acquisition) and represents Hess’s Q2 2025 board retainer, awarded at $0 purchase price. The RSUs will convert into common shares roughly 90 days after his retirement from the Board. After the transaction, Hess holds 419 RSUs in total. No open-market buying or selling of GS common stock was disclosed, and the filing contains no operational, financial, or strategic developments for the company, indicating a routine, non-material insider award.

Il 17/07/2025, il direttore John B. Hess ha presentato un Modulo 4 segnalando la ricezione di 36 Unità Azionarie Vincolate (RSU) di The Goldman Sachs Group, Inc. (GS). L'assegnazione è stata codificata come “A” (acquisizione) e rappresenta il compenso trimestrale per il secondo trimestre 2025 come membro del consiglio, concesso a prezzo di acquisto pari a $0. Le RSU si convertiranno in azioni ordinarie circa 90 giorni dopo il suo pensionamento dal Consiglio. Dopo questa operazione, Hess detiene un totale di 419 RSU. Non sono state segnalate operazioni di acquisto o vendita sul mercato aperto di azioni ordinarie GS, e la comunicazione non contiene sviluppi operativi, finanziari o strategici per l’azienda, indicando un premio interno di routine e non rilevante.

El 17/07/2025, el director John B. Hess presentó un Formulario 4 informando la recepción de 36 Unidades de Acciones Restringidas (RSU) de The Goldman Sachs Group, Inc. (GS). La concesión fue codificada como “A” (adquisición) y representa la remuneración trimestral del segundo trimestre de 2025 como miembro del consejo, otorgada a un precio de compra de $0. Las RSU se convertirán en acciones ordinarias aproximadamente 90 días después de su retiro del Consejo. Tras la transacción, Hess posee un total de 419 RSU. No se revelaron compras ni ventas en el mercado abierto de acciones comunes de GS, y la presentación no contiene desarrollos operativos, financieros ni estratégicos para la compañía, lo que indica una asignación interna rutinaria y no material.

2025년 7월 17일, 이사 John B. Hess는 The Goldman Sachs Group, Inc. (GS)의 36개의 제한 주식 단위(RSU) 수령을 보고하는 Form 4를 제출했습니다. 이 부여는 “A”(취득)로 분류되었으며, Hess의 2025년 2분기 이사회 보수로 구매 가격 $0에 수여되었습니다. RSU는 그가 이사회에서 은퇴한 후 약 90일 후에 보통주로 전환됩니다. 이번 거래 후 Hess는 총 419 RSU를 보유하게 됩니다. GS 보통주에 대한 공개 시장에서의 매매는 없었으며, 제출 서류에는 회사의 운영, 재무 또는 전략적 발전 사항이 포함되어 있지 않아 일상적이고 중요하지 않은 내부자 보상임을 나타냅니다.

Le 17/07/2025, le directeur John B. Hess a déposé un formulaire 4 signalant la réception de 36 unités d’actions restreintes (RSU) de The Goldman Sachs Group, Inc. (GS). L’attribution a été codée « A » (acquisition) et représente la rémunération du conseil d’administration pour le deuxième trimestre 2025, attribuée à un prix d’achat de 0 $. Les RSU seront converties en actions ordinaires environ 90 jours après son départ du conseil. Après cette opération, Hess détient au total 419 RSU. Aucune opération d’achat ou de vente sur le marché ouvert d’actions ordinaires GS n’a été divulguée, et le dépôt ne contient aucun développement opérationnel, financier ou stratégique pour l’entreprise, indiquant une attribution interne de routine et non significative.

Am 17.07.2025 reichte Direktor John B. Hess ein Formular 4 ein, in dem der Erhalt von 36 Restricted Stock Units (RSUs) der The Goldman Sachs Group, Inc. (GS) gemeldet wurde. Die Zuteilung wurde mit „A“ (Erwerb) kodiert und stellt Hess’ Vorstandshonorar für das zweite Quartal 2025 dar, das zu einem Kaufpreis von 0 $ gewährt wurde. Die RSUs werden etwa 90 Tage nach seinem Ausscheiden aus dem Vorstand in Stammaktien umgewandelt. Nach der Transaktion hält Hess insgesamt 419 RSUs. Es wurden keine Käufe oder Verkäufe von GS-Stammaktien am offenen Markt offengelegt, und die Meldung enthält keine operativen, finanziellen oder strategischen Entwicklungen des Unternehmens, was auf eine routinemäßige, nicht wesentliche Insiderzuteilung hinweist.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine 36-share RSU grant to director; de-minimis size, neutral for valuation.

The filing documents standard equity compensation under Goldman Sachs’s director pay program. An award of 36 RSUs—worth roughly US$13k at a ~US$360 share price—constitutes less than 0.00001% of outstanding shares and does not alter insider ownership meaningfully. There is no sale signal, dilution concern, or change in control. Consequently, the event is immaterial to earnings forecasts, capital structure, or governance risk and should not affect investor sentiment or stock price.

Il 17/07/2025, il direttore John B. Hess ha presentato un Modulo 4 segnalando la ricezione di 36 Unità Azionarie Vincolate (RSU) di The Goldman Sachs Group, Inc. (GS). L'assegnazione è stata codificata come “A” (acquisizione) e rappresenta il compenso trimestrale per il secondo trimestre 2025 come membro del consiglio, concesso a prezzo di acquisto pari a $0. Le RSU si convertiranno in azioni ordinarie circa 90 giorni dopo il suo pensionamento dal Consiglio. Dopo questa operazione, Hess detiene un totale di 419 RSU. Non sono state segnalate operazioni di acquisto o vendita sul mercato aperto di azioni ordinarie GS, e la comunicazione non contiene sviluppi operativi, finanziari o strategici per l’azienda, indicando un premio interno di routine e non rilevante.

El 17/07/2025, el director John B. Hess presentó un Formulario 4 informando la recepción de 36 Unidades de Acciones Restringidas (RSU) de The Goldman Sachs Group, Inc. (GS). La concesión fue codificada como “A” (adquisición) y representa la remuneración trimestral del segundo trimestre de 2025 como miembro del consejo, otorgada a un precio de compra de $0. Las RSU se convertirán en acciones ordinarias aproximadamente 90 días después de su retiro del Consejo. Tras la transacción, Hess posee un total de 419 RSU. No se revelaron compras ni ventas en el mercado abierto de acciones comunes de GS, y la presentación no contiene desarrollos operativos, financieros ni estratégicos para la compañía, lo que indica una asignación interna rutinaria y no material.

2025년 7월 17일, 이사 John B. Hess는 The Goldman Sachs Group, Inc. (GS)의 36개의 제한 주식 단위(RSU) 수령을 보고하는 Form 4를 제출했습니다. 이 부여는 “A”(취득)로 분류되었으며, Hess의 2025년 2분기 이사회 보수로 구매 가격 $0에 수여되었습니다. RSU는 그가 이사회에서 은퇴한 후 약 90일 후에 보통주로 전환됩니다. 이번 거래 후 Hess는 총 419 RSU를 보유하게 됩니다. GS 보통주에 대한 공개 시장에서의 매매는 없었으며, 제출 서류에는 회사의 운영, 재무 또는 전략적 발전 사항이 포함되어 있지 않아 일상적이고 중요하지 않은 내부자 보상임을 나타냅니다.

Le 17/07/2025, le directeur John B. Hess a déposé un formulaire 4 signalant la réception de 36 unités d’actions restreintes (RSU) de The Goldman Sachs Group, Inc. (GS). L’attribution a été codée « A » (acquisition) et représente la rémunération du conseil d’administration pour le deuxième trimestre 2025, attribuée à un prix d’achat de 0 $. Les RSU seront converties en actions ordinaires environ 90 jours après son départ du conseil. Après cette opération, Hess détient au total 419 RSU. Aucune opération d’achat ou de vente sur le marché ouvert d’actions ordinaires GS n’a été divulguée, et le dépôt ne contient aucun développement opérationnel, financier ou stratégique pour l’entreprise, indiquant une attribution interne de routine et non significative.

Am 17.07.2025 reichte Direktor John B. Hess ein Formular 4 ein, in dem der Erhalt von 36 Restricted Stock Units (RSUs) der The Goldman Sachs Group, Inc. (GS) gemeldet wurde. Die Zuteilung wurde mit „A“ (Erwerb) kodiert und stellt Hess’ Vorstandshonorar für das zweite Quartal 2025 dar, das zu einem Kaufpreis von 0 $ gewährt wurde. Die RSUs werden etwa 90 Tage nach seinem Ausscheiden aus dem Vorstand in Stammaktien umgewandelt. Nach der Transaktion hält Hess insgesamt 419 RSUs. Es wurden keine Käufe oder Verkäufe von GS-Stammaktien am offenen Markt offengelegt, und die Meldung enthält keine operativen, finanziellen oder strategischen Entwicklungen des Unternehmens, was auf eine routinemäßige, nicht wesentliche Insiderzuteilung hinweist.

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).
1. Name and Address of Reporting Person*
HESS JOHN B

(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)
07/17/2025
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
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) 07/17/2025 A 36 (1) (1) Common Stock, par value $0.01 per share 36 $0 419 D
Explanation of Responses:
1. Represents Restricted Stock Units ("RSUs") granted for the Reporting Person's second quarter 2025 Annual Retainer. 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 07/21/2025
** 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

How many Goldman Sachs (GS) shares did director John B. Hess acquire?

He received 36 Restricted Stock Units as part of his Q2 2025 board retainer.

What was the transaction code in the Form 4 for GS?

The transaction code was A, indicating an acquisition of securities.

Did the director purchase GS shares on the open market?

No. The RSUs were granted at no cost; there were no market purchases or sales.

When will the RSUs convert into Goldman Sachs common stock?

The shares will be delivered about 90 days after Hess retires from the Board.

What is John B. Hess’s total beneficial RSU ownership after this filing?

He now beneficially owns 419 RSUs in Goldman Sachs.
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