Goldman Sachs (NYSE: GS) EVP John F.W. Rogers logs insider share sales

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Goldman Sachs Group Inc. executive John F.W. Rogers, an Executive Vice President, reported a series of open-market sales of the company’s common stock on February 11, 2026. The trades involved multiple small blocks of shares sold at prices generally between $950 and $968 per share.

After these sales, Rogers directly held 39,007 shares of Goldman Sachs common stock. Additional shares were held indirectly: 9,428 shares by his spouse and 38,165 shares through a trust whose sole trustee is his spouse and whose beneficiaries are immediate family members, for which he disclaims beneficial ownership.

Insights

Routine insider Form 4 showing planned open-market sales by a senior Goldman Sachs executive.

The filing shows Executive Vice President John F.W. Rogers executing numerous open-market sales of Goldman Sachs common stock on February 11, 2026. Each line item specifies a small block of shares sold at prices clustered around $950–$968 per share, indicating execution across a trading range that day.

Following these transactions, Rogers retained 39,007 shares directly, while 9,428 shares were held by his spouse and 38,165 shares were held through a family trust where his spouse is sole trustee and family members are beneficiaries; he disclaims beneficial ownership of the trust shares. The filing does not reference any company-specific news or performance trigger, so this appears as a standard insider liquidity event rather than a thesis-changing development.

Insider Trade Summary

Net Seller: 15,855 shares ($15,210,754)

Net Sell 30 txns

Insider ROGERS JOHN F.W.

Role Executive Vice President

Sold 15,855 shs ($15.21M)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	1,461	$950.16	$1.39M
Sale	Common Stock, par value $0.01 per share	1,005	$952.08	$957K
Sale	Common Stock, par value $0.01 per share	526	$952.94	$501K
Sale	Common Stock, par value $0.01 per share	646	$953.83	$616K
Sale	Common Stock, par value $0.01 per share	659	$954.91	$629K
Sale	Common Stock, par value $0.01 per share	261	$955.77	$249K
Sale	Common Stock, par value $0.01 per share	392	$956.94	$375K
Sale	Common Stock, par value $0.01 per share	371	$957.96	$355K
Sale	Common Stock, par value $0.01 per share	677	$959.27	$649K
Sale	Common Stock, par value $0.01 per share	1,240	$960.08	$1.19M
Sale	Common Stock, par value $0.01 per share	960	$961.24	$923K
Sale	Common Stock, par value $0.01 per share	680	$962.12	$654K
Sale	Common Stock, par value $0.01 per share	945	$963.18	$910K
Sale	Common Stock, par value $0.01 per share	1,163	$964.20	$1.12M
Sale	Common Stock, par value $0.01 per share	666	$965.14	$643K
Sale	Common Stock, par value $0.01 per share	699	$966.20	$675K
Sale	Common Stock, par value $0.01 per share	640	$967.18	$619K
Sale	Common Stock, par value $0.01 per share	160	$967.82	$155K
Sale	Common Stock, par value $0.01 per share	40	$950.50	$38K
Sale	Common Stock, par value $0.01 per share	120	$952.27	$114K
Sale	Common Stock, par value $0.01 per share	305	$955.15	$291K
Sale	Common Stock, par value $0.01 per share	55	$956.83	$53K
Sale	Common Stock, par value $0.01 per share	200	$958.93	$192K
Sale	Common Stock, par value $0.01 per share	196	$959.88	$188K
Sale	Common Stock, par value $0.01 per share	464	$961.32	$446K
Sale	Common Stock, par value $0.01 per share	320	$962.06	$308K
Sale	Common Stock, par value $0.01 per share	240	$963.59	$231K
Sale	Common Stock, par value $0.01 per share	444	$964.45	$428K
Sale	Common Stock, par value $0.01 per share	320	$965.51	$309K
holding	Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 50,697 shares (Direct); Common Stock, par value $0.01 per share — 12,092 shares (Indirect, See footnote)

Footnotes (1)

Reflects a weighted average sale price of $950.16 per share, at prices ranging from $950.04 to $951.01 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 $952.08 per share, at prices ranging from $951.37 to $952.35 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 $952.94 per share, at prices ranging from $952.39 to $953.36 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 $953.83 per share, at prices ranging from $953.44 to $954.37 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 $954.91 per share, at prices ranging from $954.44 to $955.43 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 $955.77 per share, at prices ranging from $955.44 to $956.01 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 $956.94 per share, at prices ranging from $956.63 to $957.58 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 $957.96 per share, at prices ranging from $957.64 to $958.52 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 $959.27 per share, at prices ranging from $958.65 to $959.64 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 $960.08 per share, at prices ranging from $959.65 to $960.64 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 $961.24 per share, at prices ranging from $960.67 to $961.65 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 $962.12 per share, at prices ranging from $961.67 to $962.64 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 $963.18 per share, at prices ranging from $962.70 to $963.69 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 $964.20 per share, at prices ranging from $963.71 to $964.69 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 $965.14 per share, at prices ranging from $964.71 to $965.67 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 $966.20 per share, at prices ranging from $965.71 to $966.60 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 $967.18 per share, at prices ranging from $966.78 to $967.77 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 $967.82 per share, at prices ranging from $967.79 to $967.91 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. Held by the Reporting Person's spouse. Reflects a weighted average sale price of $952.27 per share, at prices ranging from $952.25 to $952.62 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 $955.15 per share, at prices ranging from $954.91 to $955.88 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 $956.83 per share, at prices ranging from $956.69 to $956.88 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 $958.93 per share, at prices ranging from $958.52 to $959.12 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 $959.88 per share, at prices ranging from $959.65 to $960.30 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 $961.32 per share, at prices ranging from $960.68 to $961.65 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 $962.06 per share, at prices ranging from $961.68 to $962.49 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 $963.59 per share, at prices ranging from $963.07 to $964.06 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 $964.45 per share, at prices ranging from $964.07 to $965.00 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 $965.51 per share, at prices ranging from $965.13 to $965.87 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. Held through a trust, the sole trustee of which is the Reporting Person's spouse and the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Form 4 Insider Transactions: What Each Field Means →

02/13/2026 - 04:23 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^*

ROGERS JOHN F.W.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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)
Common Stock, par value $0.01 per share	02/11/2026		S		1,461	D	$950.16⁽¹⁾	50,697	D
Common Stock, par value $0.01 per share	02/11/2026		S		1,005	D	$952.08⁽²⁾	49,692	D
Common Stock, par value $0.01 per share	02/11/2026		S		526	D	$952.94⁽³⁾	49,166	D
Common Stock, par value $0.01 per share	02/11/2026		S		646	D	$953.83⁽⁴⁾	48,520	D
Common Stock, par value $0.01 per share	02/11/2026		S		659	D	$954.91⁽⁵⁾	47,861	D
Common Stock, par value $0.01 per share	02/11/2026		S		261	D	$955.77⁽⁶⁾	47,600	D
Common Stock, par value $0.01 per share	02/11/2026		S		392	D	$956.94⁽⁷⁾	47,208	D
Common Stock, par value $0.01 per share	02/11/2026		S		371	D	$957.96⁽⁸⁾	46,837	D
Common Stock, par value $0.01 per share	02/11/2026		S		677	D	$959.27⁽⁹⁾	46,160	D
Common Stock, par value $0.01 per share	02/11/2026		S		1,240	D	$960.08⁽¹⁰⁾	44,920	D
Common Stock, par value $0.01 per share	02/11/2026		S		960	D	$961.24⁽¹¹⁾	43,960	D
Common Stock, par value $0.01 per share	02/11/2026		S		680	D	$962.12⁽¹²⁾	43,280	D
Common Stock, par value $0.01 per share	02/11/2026		S		945	D	$963.18⁽¹³⁾	42,335	D
Common Stock, par value $0.01 per share	02/11/2026		S		1,163	D	$964.2⁽¹⁴⁾	41,172	D
Common Stock, par value $0.01 per share	02/11/2026		S		666	D	$965.14⁽¹⁵⁾	40,506	D
Common Stock, par value $0.01 per share	02/11/2026		S		699	D	$966.2⁽¹⁶⁾	39,807	D
Common Stock, par value $0.01 per share	02/11/2026		S		640	D	$967.18⁽¹⁷⁾	39,167	D
Common Stock, par value $0.01 per share	02/11/2026		S		160	D	$967.82⁽¹⁸⁾	39,007	D
Common Stock, par value $0.01 per share	02/11/2026		S		40	D	$950.5	12,092	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		120	D	$952.27⁽²⁰⁾	11,972	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		305	D	$955.15⁽²¹⁾	11,667	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		55	D	$956.83⁽²²⁾	11,612	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		200	D	$958.93⁽²³⁾	11,412	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		196	D	$959.88⁽²⁴⁾	11,216	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		464	D	$961.32⁽²⁵⁾	10,752	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		320	D	$962.06⁽²⁶⁾	10,432	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		240	D	$963.59⁽²⁷⁾	10,192	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		444	D	$964.45⁽²⁸⁾	9,748	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share	02/11/2026		S		320	D	$965.51⁽²⁹⁾	9,428	I	See footnote⁽¹⁹⁾
Common Stock, par value $0.01 per share								38,165	I	See footnote⁽³⁰⁾

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 $950.16 per share, at prices ranging from $950.04 to $951.01 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 $952.08 per share, at prices ranging from $951.37 to $952.35 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 $952.94 per share, at prices ranging from $952.39 to $953.36 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 $953.83 per share, at prices ranging from $953.44 to $954.37 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 $954.91 per share, at prices ranging from $954.44 to $955.43 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 $955.77 per share, at prices ranging from $955.44 to $956.01 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 $956.94 per share, at prices ranging from $956.63 to $957.58 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 $957.96 per share, at prices ranging from $957.64 to $958.52 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 $959.27 per share, at prices ranging from $958.65 to $959.64 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.

10. Reflects a weighted average sale price of $960.08 per share, at prices ranging from $959.65 to $960.64 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.

11. Reflects a weighted average sale price of $961.24 per share, at prices ranging from $960.67 to $961.65 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.

12. Reflects a weighted average sale price of $962.12 per share, at prices ranging from $961.67 to $962.64 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.

13. Reflects a weighted average sale price of $963.18 per share, at prices ranging from $962.70 to $963.69 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.

14. Reflects a weighted average sale price of $964.20 per share, at prices ranging from $963.71 to $964.69 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.

15. Reflects a weighted average sale price of $965.14 per share, at prices ranging from $964.71 to $965.67 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.

16. Reflects a weighted average sale price of $966.20 per share, at prices ranging from $965.71 to $966.60 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.

17. Reflects a weighted average sale price of $967.18 per share, at prices ranging from $966.78 to $967.77 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.

18. Reflects a weighted average sale price of $967.82 per share, at prices ranging from $967.79 to $967.91 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.

19. Held by the Reporting Person's spouse.

20. Reflects a weighted average sale price of $952.27 per share, at prices ranging from $952.25 to $952.62 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.

21. Reflects a weighted average sale price of $955.15 per share, at prices ranging from $954.91 to $955.88 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.

22. Reflects a weighted average sale price of $956.83 per share, at prices ranging from $956.69 to $956.88 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.

23. Reflects a weighted average sale price of $958.93 per share, at prices ranging from $958.52 to $959.12 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.

24. Reflects a weighted average sale price of $959.88 per share, at prices ranging from $959.65 to $960.30 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.

25. Reflects a weighted average sale price of $961.32 per share, at prices ranging from $960.68 to $961.65 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.

26. Reflects a weighted average sale price of $962.06 per share, at prices ranging from $961.68 to $962.49 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.

27. Reflects a weighted average sale price of $963.59 per share, at prices ranging from $963.07 to $964.06 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.

28. Reflects a weighted average sale price of $964.45 per share, at prices ranging from $964.07 to $965.00 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.

29. Reflects a weighted average sale price of $965.51 per share, at prices ranging from $965.13 to $965.87 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.

30. Held through a trust, the sole trustee of which is the Reporting Person's spouse and the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	02/13/2026
	** 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 executive John F.W. Rogers report on this Form 4?

John F.W. Rogers reported multiple open-market sales of Goldman Sachs common stock on February 11, 2026. Each transaction involved relatively small share blocks sold around $950–$968 per share, reflecting routine trading activity rather than a single large block sale.

At what prices did John F.W. Rogers sell Goldman Sachs (GS) shares?

The reported Goldman Sachs share sales occurred at weighted average prices generally between about $950 and $968 per share. Individual line items list specific averages such as $950.16, $960.08 and $967.18, each with defined intraday price ranges available on request from the reporting person.

How many Goldman Sachs (GS) shares does John F.W. Rogers hold after these sales?

After the February 11, 2026 transactions, John F.W. Rogers directly held 39,007 Goldman Sachs common shares. Indirectly, 9,428 shares were held by his spouse and 38,165 shares were held through a family trust whose beneficiaries are immediate family members, with Rogers disclaiming beneficial ownership of the trust shares.

Were any of the reported Goldman Sachs (GS) shares held indirectly by John F.W. Rogers?

Yes. The filing states that some shares are held indirectly. 9,428 shares are held by his spouse, and 38,165 shares are held through a trust where his spouse is sole trustee and family members are beneficiaries. Rogers expressly disclaims beneficial ownership of the trust-held shares.

What does the Form 4 reveal about the type of GS transactions executed?

All reported transactions are coded “S,” indicating sales of non-derivative common stock. The insider data describe them as open-market sales, with each trade showing a specific share amount, a weighted average sale price per share, and updated post-transaction share balances for direct and indirect holdings.

Does this GS Form 4 involve any derivative securities for John F.W. Rogers?

No derivative securities are reported as acquired or disposed of in this Form 4. The detailed transaction table only lists trades in Goldman Sachs common stock, par value $0.01 per share, with no options, warrants, or other derivative instruments shown in the derivative securities section.