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

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Filing Sentiment
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Form Type
4
Rhea-AI Filing Summary

Safe & Green Holdings Corp. (Nasdaq: SGBX) has filed Amendment No. 3 to its Form S-1 to register 20,408,160 common shares for resale by a single selling stockholder. The shares comprise 2,504,040 common shares and 17,904,120 shares underlying $0.0001 pre-funded warrants issued in an April 14 2025 private placement that generated roughly $8 million gross. The company will receive no proceeds from the resale, and only ≈$20,408 if all pre-funded warrants are exercised in cash; those funds and the April placement proceeds are earmarked for working capital.

SGBX remains a smaller reporting company and has faced repeated Nasdaq deficiencies. A July 8 2025 Hearings Panel decision allows continued listing provided the firm effects a reverse split (1-for-10 to 1-for-100) and sustains a ≥$1.00 bid for 10 consecutive days by Aug 28 2025. A shareholder vote is set for Aug 25 2025.

Liquidity moves in 2025: (i) $2 million secured revolver at 5% with Prosperity Bank; (ii) up to $100 million equity line with Generating Alpha Ltd.; (iii) $267 k OID note at 15% convertible on default; (iv) $1 million County Line and $1 million Sherman Oil asset purchases; (v) planned merger with New Asia Holdings to add ≈$35 million to equity. April Series A/B warrants were exchanged for 60,000 Series B preferred shares to ease Nasdaq dilution concerns.

Post-offering common shares outstanding, assuming full warrant exercise, would rise to 30,024,771 versus 12,120,651 currently, excluding additional options, warrants, RSUs and 300 million shares underlying Series B preferred.

Safe & Green Holdings Corp. (Nasdaq: SGBX) ha presentato la Terza Modifica al proprio Modulo S-1 per registrare la vendita di 20.408.160 azioni ordinarie da parte di un unico azionista venditore. Le azioni includono 2.504.040 azioni ordinarie e 17.904.120 azioni sottostanti warrant prefinanziati da $0,0001 emessi in un collocamento privato del 14 aprile 2025 che ha generato circa 8 milioni di dollari lordi. La società non riceverà proventi dalla rivendita e solo circa 20.408 dollari se tutti i warrant prefinanziati verranno esercitati in contanti; tali fondi e i proventi del collocamento di aprile sono destinati al capitale circolante.

SGBX rimane una piccola società di reporting e ha affrontato ripetute carenze da parte del Nasdaq. Una decisione del Panel di Audizione del 8 luglio 2025 consente la continuazione della quotazione a condizione che la società effettui un frazionamento inverso (da 1 a 10 fino a 1 a 100) e mantenga un prezzo di offerta ≥$1,00 per 10 giorni consecutivi entro il 28 agosto 2025. È prevista una votazione degli azionisti per il 25 agosto 2025.

Movimenti di liquidità nel 2025: (i) linea di credito garantita da 2 milioni di dollari al 5% con Prosperity Bank; (ii) linea di capitale fino a 100 milioni di dollari con Generating Alpha Ltd.; (iii) nota OID da 267 mila dollari al 15% convertibile in caso di default; (iv) acquisti di asset da 1 milione di dollari ciascuno da County Line e Sherman Oil; (v) fusione pianificata con New Asia Holdings per aggiungere circa 35 milioni di dollari al capitale. I warrant Serie A/B di aprile sono stati scambiati con 60.000 azioni privilegiate Serie B per ridurre le preoccupazioni di diluizione del Nasdaq.

Le azioni ordinarie in circolazione dopo l'offerta, assumendo l'esercizio completo dei warrant, salirebbero a 30.024.771 rispetto alle 12.120.651 attuali, escludendo ulteriori opzioni, warrant, RSU e 300 milioni di azioni sottostanti le azioni privilegiate Serie B.

Safe & Green Holdings Corp. (Nasdaq: SGBX) ha presentado la Enmienda No. 3 a su Formulario S-1 para registrar 20,408,160 acciones comunes para reventa por parte de un único accionista vendedor. Las acciones comprenden 2,504,040 acciones comunes y 17,904,120 acciones subyacentes a warrants prefinanciados de $0.0001 emitidos en una colocación privada del 14 de abril de 2025 que generó aproximadamente 8 millones de dólares brutos. La compañía no recibirá ingresos por la reventa, y solo aproximadamente $20,408 si todos los warrants prefinanciados se ejercen en efectivo; esos fondos y los ingresos de la colocación de abril están destinados a capital de trabajo.

SGBX sigue siendo una compañía reportante pequeña y ha enfrentado deficiencias repetidas por parte de Nasdaq. Una decisión del Panel de Audiencias del 8 de julio de 2025 permite la continuación de la cotización siempre que la empresa realice una división inversa (de 1 por 10 a 1 por 100) y mantenga una oferta ≥$1.00 durante 10 días consecutivos antes del 28 de agosto de 2025. Se ha programado una votación de accionistas para el 25 de agosto de 2025.

Movimientos de liquidez en 2025: (i) revolvente garantizado de 2 millones de dólares al 5% con Prosperity Bank; (ii) línea de capital hasta 100 millones de dólares con Generating Alpha Ltd.; (iii) nota OID de 267 mil dólares al 15% convertible en caso de incumplimiento; (iv) compras de activos de 1 millón de dólares cada una a County Line y Sherman Oil; (v) fusión planeada con New Asia Holdings para añadir aproximadamente 35 millones de dólares al capital. Los warrants Serie A/B de abril fueron intercambiados por 60,000 acciones preferentes Serie B para aliviar las preocupaciones de dilución de Nasdaq.

Las acciones comunes en circulación después de la oferta, asumiendo el ejercicio total de los warrants, aumentarían a 30,024,771 frente a las 12,120,651 actuales, excluyendo opciones adicionales, warrants, RSU y 300 millones de acciones subyacentes a las preferentes Serie B.

Safe & Green Holdings Corp. (나스닥: SGBX)는 단일 매도 주주가 재판매할 20,408,160 보통주를 등록하기 위해 Form S-1의 수정안 3호를 제출했습니다. 이 주식은 2,504,040 보통주와 2025년 4월 14일 사모 발행으로 약 800만 달러의 총수익을 창출한 $0.0001 선지급 워런트 17,904,120주를 포함합니다. 회사는 재판매로부터 수익을 받지 않으며, 모든 선지급 워런트가 현금으로 행사될 경우 약 20,408달러만 받게 됩니다; 이 자금과 4월 발행 수익은 운전자본으로 지정되어 있습니다.

SGBX는 여전히 소규모 보고 회사이며 나스닥의 반복적인 결함 지적을 받았습니다. 2025년 7월 8일 청문회 패널 결정에 따라 회사가 역분할(1대 10에서 1대 100) 실시하고 2025년 8월 28일까지 10일 연속으로 $1.00 이상의 입찰가를 유지하면 상장 유지가 허용됩니다. 주주 투표는 2025년 8월 25일 예정되어 있습니다.

2025년 유동성 움직임: (i) Prosperity Bank와 5% 이자의 200만 달러 담보 회전 신용; (ii) Generating Alpha Ltd.와 최대 1억 달러의 자본 라인; (iii) 15% 이자의 267,000달러 OID 노트, 채무 불이행 시 전환 가능; (iv) County Line과 Sherman Oil 자산 각각 100만 달러 매입; (v) 약 3,500만 달러의 자본을 추가하기 위한 New Asia Holdings와의 계획된 합병. 4월 시리즈 A/B 워런트는 나스닥 희석 우려 완화를 위해 60,000주 시리즈 B 우선주로 교환되었습니다.

공모 후 보통주 수는 워런트 전액 행사를 가정할 때 현재 12,120,651주에서 30,024,771주로 증가하며, 추가 옵션, 워런트, RSU 및 3억 주의 시리즈 B 우선주 기초 주식은 제외됩니다.

Safe & Green Holdings Corp. (Nasdaq : SGBX) a déposé l'amendement n° 3 à son formulaire S-1 afin d'enregistrer 20 408 160 actions ordinaires pour revente par un unique actionnaire vendeur. Ces actions comprennent 2 504 040 actions ordinaires et 17 904 120 actions sous-jacentes à des bons de souscription préfinancés à 0,0001 $ émis lors d'un placement privé du 14 avril 2025 qui a généré environ 8 millions de dollars bruts. La société ne recevra aucun produit de la revente, et seulement environ 20 408 $ si tous les bons préfinancés sont exercés en espèces ; ces fonds ainsi que les produits du placement d'avril sont destinés au fonds de roulement.

SGBX reste une petite société soumise à l'obligation de rapport et a fait face à des manquements répétés de la part de Nasdaq. Une décision du panel d'audition du 8 juillet 2025 permet la poursuite de la cotation à condition que la société effectue un regroupement d'actions (de 1 pour 10 à 1 pour 100) et maintienne une offre ≥ 1,00 $ pendant 10 jours consécutifs avant le 28 août 2025. Un vote des actionnaires est prévu pour le 25 août 2025.

Mouvements de liquidité en 2025 : (i) ligne de crédit garantie de 2 millions de dollars à 5 % avec Prosperity Bank ; (ii) ligne de capital pouvant aller jusqu'à 100 millions de dollars avec Generating Alpha Ltd. ; (iii) billet OID de 267 000 $ à 15 % convertible en cas de défaut ; (iv) achats d'actifs d'1 million de dollars chacun auprès de County Line et Sherman Oil ; (v) fusion prévue avec New Asia Holdings pour ajouter environ 35 millions de dollars de capitaux propres. Les bons de souscription de la série A/B d'avril ont été échangés contre 60 000 actions privilégiées de série B afin d'atténuer les préoccupations liées à la dilution chez Nasdaq.

Le nombre d'actions ordinaires en circulation après l'offre, en supposant l'exercice complet des bons, passerait à 30 024 771 contre 12 120 651 actuellement, hors options supplémentaires, bons, RSU et 300 millions d'actions sous-jacentes aux actions privilégiées de série B.

Safe & Green Holdings Corp. (Nasdaq: SGBX) hat die Änderung Nr. 3 zu seinem Formular S-1 eingereicht, um 20.408.160 Stammaktien für den Wiederverkauf durch einen einzelnen verkaufenden Aktionär zu registrieren. Die Aktien umfassen 2.504.040 Stammaktien und 17.904.120 Aktien, die aus $0,0001 vorfinanzierten Warrants bestehen, die in einer Privatplatzierung am 14. April 2025 ausgegeben wurden und rund 8 Millionen Dollar Bruttoerlös generierten. Das Unternehmen erhält keine Erlöse aus dem Wiederverkauf und nur etwa 20.408 Dollar, falls alle vorfinanzierten Warrants bar ausgeübt werden; diese Mittel und die Erlöse aus der April-Platzierung sind für das Betriebskapital vorgesehen.

SGBX bleibt ein kleiner berichtspflichtiger Emittent und hatte wiederholt Mängel seitens Nasdaq. Eine Entscheidung des Hearing-Panels vom 8. Juli 2025 erlaubt die weitere Notierung, sofern das Unternehmen eine Aktiensplit-Rückführung (1:10 bis 1:100) durchführt und bis zum 28. August 2025 für 10 aufeinanderfolgende Tage einen Kurs von mindestens 1,00 USD hält. Eine Aktionärsabstimmung ist für den 25. August 2025 angesetzt.

Liquiditätsmaßnahmen 2025: (i) 2 Millionen USD gesicherte revolvierende Kreditlinie mit 5% Zins bei Prosperity Bank; (ii) bis zu 100 Millionen USD Aktienlinie mit Generating Alpha Ltd.; (iii) 267.000 USD OID-Anleihe mit 15% Zins, bei Ausfall wandelbar; (iv) Erwerb von Vermögenswerten von County Line und Sherman Oil je 1 Million USD; (v) geplante Fusion mit New Asia Holdings zur Erhöhung des Eigenkapitals um ca. 35 Millionen USD. Die April Serie A/B Warrants wurden gegen 60.000 Serie B Vorzugsaktien getauscht, um Nasdaq-Verwässerungsbedenken zu mildern.

Die Anzahl der ausstehenden Stammaktien nach dem Angebot würde bei vollständiger Ausübung der Warrants auf 30.024.771 steigen gegenüber derzeit 12.120.651, ohne zusätzliche Optionen, Warrants, RSUs und 300 Millionen Aktien, die den Serie B Vorzugsaktien zugrunde liegen.

Positive
  • $8 million gross proceeds already received from April 2025 placement, boosting working capital.
  • Secured $2 million revolver at 5%, adding short-term liquidity without immediate equity dilution.
  • Signed $100 million Equity Line of Credit for discretionary future funding.
  • Exchange of Series A/B warrants for preferred stock mitigates Nasdaq dilution concerns.
  • Conditional Nasdaq extension obtained; planned merger expected to add ≈$35 million to stockholders’ equity.
Negative
  • Registration covers shares equal to ~168 % of current float, creating significant dilution and market overhang.
  • Company must effect a reverse split and maintain $1.00 bid by Aug 28 2025 to avoid delisting.
  • April 2025 note carries 15% interest and default convertibility at deep discounts, posing dilution risk.
  • Multiple asset purchases and deferred cash payments add $2 million near-term obligations.
  • No revenue yet from new Medical or Environmental segments; going-concern language highlighted.

Insights

TL;DR — Registration enables large resale; funding runway improves, but dilution and listing risk remain.

The amended S-1 is technically routine yet financially significant. Although the company already captured the $8 m placement cash, allowing 20.4 m shares to hit the market (2.5× today’s float) could pressure an already thin $0.61 stock. Management is aggressively layering capital: $2 m revolver, $100 m equity line and multiple small notes provide flexibility, but at the cost of potential equity overhang and double-digit interest. The exchange of Series A/B warrants for preferred stock removes an immediate Nasdaq objection, yet the reverse-split mandate underscores continuing bid-price fragility. Overall impact is balanced—liquidity secured, offset by execution and dilution risks.

TL;DR — Continued Nasdaq listing hinges on reverse split and equity rebuild; failure would be highly punitive.

Nasdaq has granted a conditional reprieve until Aug 28 2025. Management’s plan—eliminate dilutive warrants, execute merger adding ≈$35 m equity, and implement reverse split—addresses both bid-price and stockholders’ equity tests. However, multiple financings with conversion features, plus 300 m Series B underlying shares, risk renewed dilution post-split. Timely shareholder approval and flawless execution are essential; otherwise, delisting could trigger liquidity collapse and covenant defaults. I view the disclosure as slightly negative due to high execution risk despite thoughtful remediation steps.

Safe & Green Holdings Corp. (Nasdaq: SGBX) ha presentato la Terza Modifica al proprio Modulo S-1 per registrare la vendita di 20.408.160 azioni ordinarie da parte di un unico azionista venditore. Le azioni includono 2.504.040 azioni ordinarie e 17.904.120 azioni sottostanti warrant prefinanziati da $0,0001 emessi in un collocamento privato del 14 aprile 2025 che ha generato circa 8 milioni di dollari lordi. La società non riceverà proventi dalla rivendita e solo circa 20.408 dollari se tutti i warrant prefinanziati verranno esercitati in contanti; tali fondi e i proventi del collocamento di aprile sono destinati al capitale circolante.

SGBX rimane una piccola società di reporting e ha affrontato ripetute carenze da parte del Nasdaq. Una decisione del Panel di Audizione del 8 luglio 2025 consente la continuazione della quotazione a condizione che la società effettui un frazionamento inverso (da 1 a 10 fino a 1 a 100) e mantenga un prezzo di offerta ≥$1,00 per 10 giorni consecutivi entro il 28 agosto 2025. È prevista una votazione degli azionisti per il 25 agosto 2025.

Movimenti di liquidità nel 2025: (i) linea di credito garantita da 2 milioni di dollari al 5% con Prosperity Bank; (ii) linea di capitale fino a 100 milioni di dollari con Generating Alpha Ltd.; (iii) nota OID da 267 mila dollari al 15% convertibile in caso di default; (iv) acquisti di asset da 1 milione di dollari ciascuno da County Line e Sherman Oil; (v) fusione pianificata con New Asia Holdings per aggiungere circa 35 milioni di dollari al capitale. I warrant Serie A/B di aprile sono stati scambiati con 60.000 azioni privilegiate Serie B per ridurre le preoccupazioni di diluizione del Nasdaq.

Le azioni ordinarie in circolazione dopo l'offerta, assumendo l'esercizio completo dei warrant, salirebbero a 30.024.771 rispetto alle 12.120.651 attuali, escludendo ulteriori opzioni, warrant, RSU e 300 milioni di azioni sottostanti le azioni privilegiate Serie B.

Safe & Green Holdings Corp. (Nasdaq: SGBX) ha presentado la Enmienda No. 3 a su Formulario S-1 para registrar 20,408,160 acciones comunes para reventa por parte de un único accionista vendedor. Las acciones comprenden 2,504,040 acciones comunes y 17,904,120 acciones subyacentes a warrants prefinanciados de $0.0001 emitidos en una colocación privada del 14 de abril de 2025 que generó aproximadamente 8 millones de dólares brutos. La compañía no recibirá ingresos por la reventa, y solo aproximadamente $20,408 si todos los warrants prefinanciados se ejercen en efectivo; esos fondos y los ingresos de la colocación de abril están destinados a capital de trabajo.

SGBX sigue siendo una compañía reportante pequeña y ha enfrentado deficiencias repetidas por parte de Nasdaq. Una decisión del Panel de Audiencias del 8 de julio de 2025 permite la continuación de la cotización siempre que la empresa realice una división inversa (de 1 por 10 a 1 por 100) y mantenga una oferta ≥$1.00 durante 10 días consecutivos antes del 28 de agosto de 2025. Se ha programado una votación de accionistas para el 25 de agosto de 2025.

Movimientos de liquidez en 2025: (i) revolvente garantizado de 2 millones de dólares al 5% con Prosperity Bank; (ii) línea de capital hasta 100 millones de dólares con Generating Alpha Ltd.; (iii) nota OID de 267 mil dólares al 15% convertible en caso de incumplimiento; (iv) compras de activos de 1 millón de dólares cada una a County Line y Sherman Oil; (v) fusión planeada con New Asia Holdings para añadir aproximadamente 35 millones de dólares al capital. Los warrants Serie A/B de abril fueron intercambiados por 60,000 acciones preferentes Serie B para aliviar las preocupaciones de dilución de Nasdaq.

Las acciones comunes en circulación después de la oferta, asumiendo el ejercicio total de los warrants, aumentarían a 30,024,771 frente a las 12,120,651 actuales, excluyendo opciones adicionales, warrants, RSU y 300 millones de acciones subyacentes a las preferentes Serie B.

Safe & Green Holdings Corp. (나스닥: SGBX)는 단일 매도 주주가 재판매할 20,408,160 보통주를 등록하기 위해 Form S-1의 수정안 3호를 제출했습니다. 이 주식은 2,504,040 보통주와 2025년 4월 14일 사모 발행으로 약 800만 달러의 총수익을 창출한 $0.0001 선지급 워런트 17,904,120주를 포함합니다. 회사는 재판매로부터 수익을 받지 않으며, 모든 선지급 워런트가 현금으로 행사될 경우 약 20,408달러만 받게 됩니다; 이 자금과 4월 발행 수익은 운전자본으로 지정되어 있습니다.

SGBX는 여전히 소규모 보고 회사이며 나스닥의 반복적인 결함 지적을 받았습니다. 2025년 7월 8일 청문회 패널 결정에 따라 회사가 역분할(1대 10에서 1대 100) 실시하고 2025년 8월 28일까지 10일 연속으로 $1.00 이상의 입찰가를 유지하면 상장 유지가 허용됩니다. 주주 투표는 2025년 8월 25일 예정되어 있습니다.

2025년 유동성 움직임: (i) Prosperity Bank와 5% 이자의 200만 달러 담보 회전 신용; (ii) Generating Alpha Ltd.와 최대 1억 달러의 자본 라인; (iii) 15% 이자의 267,000달러 OID 노트, 채무 불이행 시 전환 가능; (iv) County Line과 Sherman Oil 자산 각각 100만 달러 매입; (v) 약 3,500만 달러의 자본을 추가하기 위한 New Asia Holdings와의 계획된 합병. 4월 시리즈 A/B 워런트는 나스닥 희석 우려 완화를 위해 60,000주 시리즈 B 우선주로 교환되었습니다.

공모 후 보통주 수는 워런트 전액 행사를 가정할 때 현재 12,120,651주에서 30,024,771주로 증가하며, 추가 옵션, 워런트, RSU 및 3억 주의 시리즈 B 우선주 기초 주식은 제외됩니다.

Safe & Green Holdings Corp. (Nasdaq : SGBX) a déposé l'amendement n° 3 à son formulaire S-1 afin d'enregistrer 20 408 160 actions ordinaires pour revente par un unique actionnaire vendeur. Ces actions comprennent 2 504 040 actions ordinaires et 17 904 120 actions sous-jacentes à des bons de souscription préfinancés à 0,0001 $ émis lors d'un placement privé du 14 avril 2025 qui a généré environ 8 millions de dollars bruts. La société ne recevra aucun produit de la revente, et seulement environ 20 408 $ si tous les bons préfinancés sont exercés en espèces ; ces fonds ainsi que les produits du placement d'avril sont destinés au fonds de roulement.

SGBX reste une petite société soumise à l'obligation de rapport et a fait face à des manquements répétés de la part de Nasdaq. Une décision du panel d'audition du 8 juillet 2025 permet la poursuite de la cotation à condition que la société effectue un regroupement d'actions (de 1 pour 10 à 1 pour 100) et maintienne une offre ≥ 1,00 $ pendant 10 jours consécutifs avant le 28 août 2025. Un vote des actionnaires est prévu pour le 25 août 2025.

Mouvements de liquidité en 2025 : (i) ligne de crédit garantie de 2 millions de dollars à 5 % avec Prosperity Bank ; (ii) ligne de capital pouvant aller jusqu'à 100 millions de dollars avec Generating Alpha Ltd. ; (iii) billet OID de 267 000 $ à 15 % convertible en cas de défaut ; (iv) achats d'actifs d'1 million de dollars chacun auprès de County Line et Sherman Oil ; (v) fusion prévue avec New Asia Holdings pour ajouter environ 35 millions de dollars de capitaux propres. Les bons de souscription de la série A/B d'avril ont été échangés contre 60 000 actions privilégiées de série B afin d'atténuer les préoccupations liées à la dilution chez Nasdaq.

Le nombre d'actions ordinaires en circulation après l'offre, en supposant l'exercice complet des bons, passerait à 30 024 771 contre 12 120 651 actuellement, hors options supplémentaires, bons, RSU et 300 millions d'actions sous-jacentes aux actions privilégiées de série B.

Safe & Green Holdings Corp. (Nasdaq: SGBX) hat die Änderung Nr. 3 zu seinem Formular S-1 eingereicht, um 20.408.160 Stammaktien für den Wiederverkauf durch einen einzelnen verkaufenden Aktionär zu registrieren. Die Aktien umfassen 2.504.040 Stammaktien und 17.904.120 Aktien, die aus $0,0001 vorfinanzierten Warrants bestehen, die in einer Privatplatzierung am 14. April 2025 ausgegeben wurden und rund 8 Millionen Dollar Bruttoerlös generierten. Das Unternehmen erhält keine Erlöse aus dem Wiederverkauf und nur etwa 20.408 Dollar, falls alle vorfinanzierten Warrants bar ausgeübt werden; diese Mittel und die Erlöse aus der April-Platzierung sind für das Betriebskapital vorgesehen.

SGBX bleibt ein kleiner berichtspflichtiger Emittent und hatte wiederholt Mängel seitens Nasdaq. Eine Entscheidung des Hearing-Panels vom 8. Juli 2025 erlaubt die weitere Notierung, sofern das Unternehmen eine Aktiensplit-Rückführung (1:10 bis 1:100) durchführt und bis zum 28. August 2025 für 10 aufeinanderfolgende Tage einen Kurs von mindestens 1,00 USD hält. Eine Aktionärsabstimmung ist für den 25. August 2025 angesetzt.

Liquiditätsmaßnahmen 2025: (i) 2 Millionen USD gesicherte revolvierende Kreditlinie mit 5% Zins bei Prosperity Bank; (ii) bis zu 100 Millionen USD Aktienlinie mit Generating Alpha Ltd.; (iii) 267.000 USD OID-Anleihe mit 15% Zins, bei Ausfall wandelbar; (iv) Erwerb von Vermögenswerten von County Line und Sherman Oil je 1 Million USD; (v) geplante Fusion mit New Asia Holdings zur Erhöhung des Eigenkapitals um ca. 35 Millionen USD. Die April Serie A/B Warrants wurden gegen 60.000 Serie B Vorzugsaktien getauscht, um Nasdaq-Verwässerungsbedenken zu mildern.

Die Anzahl der ausstehenden Stammaktien nach dem Angebot würde bei vollständiger Ausübung der Warrants auf 30.024.771 steigen gegenüber derzeit 12.120.651, ohne zusätzliche Optionen, Warrants, RSUs und 300 Millionen Aktien, die den Serie B Vorzugsaktien zugrunde liegen.

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*
ROGERS JOHN F.W.

(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)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025
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
Common Stock, par value $0.01 per share 07/23/2025 S 4,053 D $717.03(1) 67,716 D
Common Stock, par value $0.01 per share 07/23/2025 S 1,678 D $718.02(2) 66,038 D
Common Stock, par value $0.01 per share 07/23/2025 S 277 D $718.77(3) 65,761 D
Common Stock, par value $0.01 per share 07/23/2025 G 12,338 D $0 53,423 D
Common Stock, par value $0.01 per share 12,132 I See footnote(4)
Common Stock, par value $0.01 per share 38,165 I See footnote(5)
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
Explanation of Responses:
1. Reflects a weighted average sale price of $717.03 per share, at prices ranging from $716.61 to $717.60 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.
2. Reflects a weighted average sale price of $718.02 per share, at prices ranging from $717.62 to $718.59 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 $718.77 per share, at prices ranging from $718.62 to $718.91 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.
4. Held by the Reporting Person's spouse.
5. 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 07/25/2025
** 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

Why is Safe & Green (SGBX) filing this S-1/A amendment?

To register 20,408,160 shares—common and pre-funded warrant shares—so the selling stockholder can freely resell them.

Will SGBX receive cash from the resale?

No. The company only received the original $8 million placement proceeds and may collect about $20,408 if warrants are exercised for cash.

How will SGBX regain Nasdaq compliance?

Management plans a 1-for-10 to 1-for-100 reverse split before Aug 28 2025 and has eliminated dilutive warrants; it must keep the bid ≥$1 for 10 days.

What is the potential dilution from this filing?

Outstanding shares would rise from 12.1 m to 30.0 m after full warrant exercise, excluding other options, warrants and 300 m Series B preferred share conversions.

How is SGBX strengthening its balance sheet?

It secured a $2 m bank revolver, arranged a $100 m equity line, plans a merger adding ≈$35 m equity, and restructured prior warrants.
Goldman Sachs Group Inc

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