GS treasurer gets 4,034 RSUs, sells some shares

Goldman Sachs Group Inc. reported an insider equity transaction by Global Treasurer Halio Carey.

Rhea-AI Filing Summary

Goldman Sachs Group Inc. reported an insider equity transaction by Global Treasurer Halio Carey. On January 23, 2026, 4,034 shares of common stock were delivered to Carey upon the conversion of previously granted Restricted Stock Units, with no cash paid, and the company notes these shares were not related to 2025 compensation.

To cover withholding obligations tied to this RSU delivery, 1,966 shares were withheld at a price of $954.65 per share. On the same day, Carey executed several open-market sales of common stock at weighted average prices ranging from $917.78 to $924.08 per share. After these transactions, Carey directly beneficially owned 4,863 shares of Goldman Sachs common stock.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 10 txns

Insider HALIO CAREY

Role Global Treasurer

Sold 1,757 shs ($1.62M)

Approx. gross sale proceeds $1.62M

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,034	$0.00	$0.00
Exercise	Common Stock, par value $0.01 per share	4,034	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock, par value $0.01 per share	1,966	$954.65	$1.88M
Sale	Common Stock, par value $0.01 per share	187	$917.78	$172K
Sale	Common Stock, par value $0.01 per share	306	$918.81	$281K
Sale	Common Stock, par value $0.01 per share	468	$919.91	$431K
Sale	Common Stock, par value $0.01 per share	262	$920.73	$241K
Sale	Common Stock, par value $0.01 per share	146	$921.93	$135K
Sale	Common Stock, par value $0.01 per share	136	$923.02	$126K
Sale	Common Stock, par value $0.01 per share	252	$924.08	$233K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock, par value $0.01 per share — 4,863 shares (Direct)

Footnotes (9)

1. F1. On January 23, 2026, shares of the Issuer's common stock underlying Restricted Stock Units ("RSUs") that had been awarded in connection with compensation prior to 2025 were delivered to the Reporting Person without the payment of any consideration. These shares are not related to 2025 compensation.
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 RSUs described in footnote 1 above.
3. F3. Reflects a weighted average sale price of $917.78 per share, at prices ranging from $917.29 to $918.25 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 $918.81 per share, at prices ranging from $918.37 to $919.20 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 $919.91 per share, at prices ranging from $919.39 to $920.38 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. Reflects a weighted average sale price of $920.73 per share, at prices ranging from $920.44 to $921.31 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. F7. Reflects a weighted average sale price of $921.93 per share, at prices ranging from $921.51 to $922.46 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. F8. Reflects a weighted average sale price of $923.02 per share, at prices ranging from $922.56 to $923.45 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. F9. Reflects a weighted average sale price of $924.08 per share, at prices ranging from $923.59 to $924.43 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.

FAQ

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

What insider transaction did GS Global Treasurer Halio Carey report?

Halio Carey reported the delivery of 4,034 shares of Goldman Sachs common stock from previously awarded Restricted Stock Units, along with related tax withholding and open-market sales on January 23, 2026.

How many Goldman Sachs (GS) RSU shares vested for Halio Carey?

4,034 shares of Goldman Sachs common stock underlying Restricted Stock Units vested and were delivered to Halio Carey without any cash consideration.

Were Halio Carey’s RSUs at Goldman Sachs related to 2025 compensation?

No. The filing states that the RSUs delivered on January 23, 2026 were awarded in connection with compensation prior to 2025 and are not related to 2025 compensation.

How were taxes handled on Halio Carey’s GS RSU delivery?

To satisfy withholding obligations from the RSU share delivery, 1,966 shares of Goldman Sachs common stock were withheld at a price of $954.65 per share.

At what prices did Halio Carey sell Goldman Sachs common stock?

Multiple sale transactions occurred at weighted average prices ranging from $917.78 to $924.08 per share, with detailed price ranges provided for each sale in the filing footnotes.

How many Goldman Sachs shares does Halio Carey own after these transactions?

Following the reported RSU conversion, tax withholding, and share sales, Halio Carey directly beneficially owned 4,863 shares of Goldman Sachs common stock.

What type of SEC filing covers Halio Carey’s GS transactions?

These transactions are disclosed on a Form 4, which reports changes in beneficial ownership of securities by Goldman Sachs insiders such as officers, directors, and certain large shareholders.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 01/27/2026 - 04:02 PM 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^*

HALIO CAREY

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Global Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	01/23/2026		M		4,034	A	(1)	8,586	D
Common Stock, par value $0.01 per share	01/23/2026		F(2)		1,966	D(2)	$954.65	6,620	D
Common Stock, par value $0.01 per share	01/23/2026		S		187	D	$917.78(3)	6,433	D
Common Stock, par value $0.01 per share	01/23/2026		S		306	D	$918.81(4)	6,127	D
Common Stock, par value $0.01 per share	01/23/2026		S		468	D	$919.91(5)	5,659	D
Common Stock, par value $0.01 per share	01/23/2026		S		262	D	$920.73(6)	5,397	D
Common Stock, par value $0.01 per share	01/23/2026		S		146	D	$921.93(7)	5,251	D
Common Stock, par value $0.01 per share	01/23/2026		S		136	D	$923.02(8)	5,115	D
Common Stock, par value $0.01 per share	01/23/2026		S		252	D	$924.08(9)	4,863	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/23/2026		M			4,034	(1)	(1)	Common Stock, par value $0.01 per share	4,034	(1)	0	D

Explanation of Responses:

1. On January 23, 2026, shares of the Issuer's common stock underlying Restricted Stock Units ("RSUs") that had been awarded in connection with compensation prior to 2025 were delivered to the Reporting Person without the payment of any consideration. These shares are not related to 2025 compensation.

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 RSUs described in footnote 1 above.

3. Reflects a weighted average sale price of $917.78 per share, at prices ranging from $917.29 to $918.25 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 $918.81 per share, at prices ranging from $918.37 to $919.20 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 $919.91 per share, at prices ranging from $919.39 to $920.38 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 $920.73 per share, at prices ranging from $920.44 to $921.31 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 $921.93 per share, at prices ranging from $921.51 to $922.46 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 $923.02 per share, at prices ranging from $922.56 to $923.45 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 $924.08 per share, at prices ranging from $923.59 to $924.43 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.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	01/27/2026
	** 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.