Goldman Sachs CEO David Solomon sells 12,000 shares

The delivered award shares generally cannot be sold or transferred before October 2027, and 60,773 shares were withheld to satisfy withholding obligations.

Rhea-AI Filing Summary

Goldman Sachs Group (GS) Chairman of the Board and CEO David M. Solomon received 109,896 common shares on October 23, 2026, upon delivery of performance-based restricted stock units under a Shareholder Value Creation Award, without consideration. The award reflected maximum (150%) achievement of its pre-established performance goals. 60,773 shares were withheld to satisfy withholding obligations; the delivered shares generally cannot be sold or transferred before October 2027.

On October 27, 2026, Solomon sold 12,000 shares in three transactions: 9,181 at a weighted average of $910.46 per share, 2,382 at $911.49, and 437 at $912.11; no Rule 10b5-1 plan is reported for the sales. Separate indirect holdings list shares held through a trust whose sole beneficiaries are immediate family members, with Solomon disclaiming beneficial ownership, and a grantor retained annuity trust for which he is trustee.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 8 txns

Insider SOLOMON DAVID M

Role Chairman of the Board and CEO

Sold 12,000 shs ($10.93M)

Approx. gross sale proceeds $10.93M

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share F3	9,181	$910.46	$8.36M
Sale	Common Stock, par value $0.01 per share F4	2,382	$911.49	$2.17M
Sale	Common Stock, par value $0.01 per share F5	437	$912.11	$399K
Exercise	Performance-based Restricted Stock Units F1	109,896	--	--
Exercise	Common Stock, par value $0.01 per share F1	109,896	--	--
Tax Withholding	Common Stock, par value $0.01 per share F2	60,773	$891.30	$54.17M
holding	Common Stock, par value $0.01 per share F6	--	--	--
holding	Common Stock, par value $0.01 per share F7	--	--	--

Holdings After Transaction: Performance-based Restricted Stock Units — 0 contracts (Direct); Common Stock, par value $0.01 per share — 159,180 shares (Direct); Common Stock, par value $0.01 per share — 31,376 shares (Indirect, See footnote)

Footnotes (7)

1. F1. On October 23, 2026, shares of the Issuer's common stock underlying a Shareholder Value Creation Award ("SVC Award"), originally granted in October 2021 in the form of performance-based restricted stock units, were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before October 2027. The delivery reflects the maximum (150%) achievement of pre-established absolute and relative total shareholder return-based performance goals set forth in the SVC Award.
2. F2. Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the performance-based restricted stock units described in footnote 1 above.
3. F3. Reflects a weighted average sale price of $910.46 per share, at prices ranging from $910.04 to $911.03 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. F4. Reflects a weighted average sale price of $911.49 per share, at prices ranging from $911.04 to $912.00 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.
5. F5. Reflects a weighted average sale price of $912.11 per share, at prices ranging from $912.06 to $912.18 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. F6. Held through a trust, the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.
7. F7. As trustee of grantor retained annuity trust.

Key Figures

Award shares delivered: 109,896 shares Maximum award achievement: 150% Shares withheld: 60,773 shares +4 more

7 metrics

Award shares delivered 109,896 shares Performance-based restricted stock units delivered October 23, 2026

Maximum award achievement 150% Pre-established performance goals

Shares withheld 60,773 shares Withholding obligations on October 23, 2026

Shares sold 12,000 shares Three transactions on October 27, 2026

Sale 9,181 shares at $910.46 per share Weighted average sale price on October 27, 2026

Sale 2,382 shares at $911.49 per share Weighted average sale price on October 27, 2026

Sale 437 shares at $912.11 per share Weighted average sale price on October 27, 2026

Key Terms

Shareholder Value Creation Award, performance-based restricted stock units, total shareholder return-based performance goals, grantor retained annuity trust

4 terms

Shareholder Value Creation Award financial

"underlying a Shareholder Value Creation Award"

performance-based restricted stock units financial

"in the form of performance-based restricted stock units"

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.

total shareholder return-based performance goals financial

"absolute and relative total shareholder return-based performance goals"

grantor retained annuity trust financial

"As trustee of grantor retained annuity trust"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What price ranges did David Solomon's GS stock sales cover?

The three sales covered $910.04–$911.03, $911.04–$912.00, and $912.06–$912.18 per share, respectively. Their weighted average sale prices were $910.46, $911.49, and $912.11 per share, respectively.

When was David Solomon's GS Shareholder Value Creation Award granted?

The Shareholder Value Creation Award was originally granted in October 2021 in the form of performance-based restricted stock units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/27/2026 - 05:12 PM EDT Accepted by SEC EDGAR 10/27/2026 - 05:12 PM EDT Learn about SEC filing dates

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^*

SOLOMON DAVID M

(Last) (First) (Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	10/23/2026		M		109,896(1)	A	(1)	231,953	D
Common Stock, par value $0.01 per share	10/23/2026		F(2)		60,773	D(2)	$891.3	171,180	D
Common Stock, par value $0.01 per share	10/27/2026		S		9,181	D	$910.46(3)	161,999	D
Common Stock, par value $0.01 per share	10/27/2026		S		2,382	D	$911.49(4)	159,617	D
Common Stock, par value $0.01 per share	10/27/2026		S		437	D	$912.11(5)	159,180	D
Common Stock, par value $0.01 per share								16,171	I	See footnote(6)
Common Stock, par value $0.01 per share								15,205	I	See footnote(7)

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
Performance-based Restricted Stock Units	(1)	10/23/2026		M			109,896	(1)	(1)	Common Stock, par value $0.01 per share	109,896	(1)	0	D

Explanation of Responses:

1. On October 23, 2026, shares of the Issuer's common stock underlying a Shareholder Value Creation Award ("SVC Award"), originally granted in October 2021 in the form of performance-based restricted stock units, were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before October 2027. The delivery reflects the maximum (150%) achievement of pre-established absolute and relative total shareholder return-based performance goals set forth in the SVC Award.

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 performance-based restricted stock units described in footnote 1 above.

3. Reflects a weighted average sale price of $910.46 per share, at prices ranging from $910.04 to $911.03 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 $911.49 per share, at prices ranging from $911.04 to $912.00 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.

5. Reflects a weighted average sale price of $912.11 per share, at prices ranging from $912.06 to $912.18 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. Held through a trust, the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

7. As trustee of grantor retained annuity trust.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	10/27/2026
	** 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)