STOCK TITAN

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

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

Goldman Sachs Group Inc. (GS) Form 4 filed 21-Jul-2025 reports that director Lakshmi N. Mittal received an equity award of 36 Restricted Stock Units (RSUs) on 17-Jul-2025. The transaction is coded “A” (grant) and reflects the director’s Q2-2025 annual retainer.

After the award, Mittal beneficially owns 5,869 RSUs, all reported as direct holdings. The RSUs have no exercise price and will automatically convert into an equal number of GS common shares approximately 90 days after Mittal leaves the Board. No open-market purchase or sale occurred, and there is no immediate cash impact or dilution for existing shareholders. The filing appears to be routine compensation-related with minimal material significance.

Goldman Sachs Group Inc. (GS) Modulo 4 depositato il 21-lug-2025 riporta che la direttrice Lakshmi N. Mittal ha ricevuto un premio azionario di 36 Unità Azionarie Vincolate (RSU) il 17-lug-2025. La transazione è codificata come “A” (concessione) e rappresenta il compenso annuale del secondo trimestre 2025 per la direttrice.

Dopo l'assegnazione, Mittal detiene beneficiariamente 5.869 RSU, tutte riportate come partecipazioni dirette. Le RSU non hanno un prezzo di esercizio e si convertiranno automaticamente in un numero uguale di azioni ordinarie GS circa 90 giorni dopo la sua uscita dal Consiglio. Non si è verificato alcun acquisto o vendita sul mercato aperto e non vi è alcun impatto immediato in termini di liquidità o diluizione per gli azionisti esistenti. La comunicazione sembra essere una normale operazione legata alla retribuzione, con rilevanza materiale minima.

Goldman Sachs Group Inc. (GS) Formulario 4 presentado el 21-jul-2025 informa que la directora Lakshmi N. Mittal recibió un premio en acciones de 36 Unidades de Acciones Restringidas (RSU) el 17-jul-2025. La transacción está codificada como “A” (concesión) y corresponde a la asignación anual del segundo trimestre de 2025 para la directora.

Después del premio, Mittal posee beneficiosamente 5,869 RSU, todas reportadas como participaciones directas. Las RSU no tienen precio de ejercicio y se convertirán automáticamente en un número igual de acciones ordinarias de GS aproximadamente 90 días después de que Mittal deje la Junta. No hubo compra o venta en el mercado abierto y no hay impacto inmediato en efectivo ni dilución para los accionistas existentes. La presentación parece ser una operación rutinaria relacionada con la compensación, con mínima relevancia material.

골드만 삭스 그룹 Inc. (GS) 폼 4가 2025년 7월 21일 제출되었으며, 이사회 이사인 락슈미 N. 미탈이 2025년 7월 17일에 36개의 제한 주식 단위(RSU)를 수령했다고 보고합니다. 이 거래는 “A”(부여)로 분류되며, 이사의 2025년 2분기 연간 보수에 해당합니다.

수여 후 미탈은 5,869 RSU를 실질적으로 소유하고 있으며, 모두 직접 보유로 보고되어 있습니다. RSU는 행사 가격이 없으며, 미탈이 이사회에서 떠난 후 약 90일 후에 GS 보통주와 동일한 수량으로 자동 전환됩니다. 공개 시장에서의 매매는 없었으며, 기존 주주에게 즉각적인 현금 영향이나 희석 효과는 없습니다. 이번 제출은 보상과 관련된 일상적인 거래로, 중요성이 적은 것으로 보입니다.

Goldman Sachs Group Inc. (GS) Formulaire 4 déposé le 21 juillet 2025 indique que la directrice Lakshmi N. Mittal a reçu une attribution d’actions de 36 unités d’actions restreintes (RSU) le 17 juillet 2025. La transaction est codée « A » (attribution) et correspond à la rémunération annuelle du deuxième trimestre 2025 de la directrice.

Après cette attribution, Mittal détient à titre bénéficiaire 5 869 RSU, toutes déclarées comme des participations directes. Les RSU n’ont pas de prix d’exercice et seront automatiquement converties en un nombre égal d’actions ordinaires GS environ 90 jours après le départ de Mittal du conseil d’administration. Aucun achat ou vente sur le marché ouvert n’a eu lieu, et il n’y a pas d’impact immédiat en liquidités ni de dilution pour les actionnaires existants. Le dépôt semble être une opération de rémunération de routine avec une importance matérielle minimale.

Goldman Sachs Group Inc. (GS) Formular 4 eingereicht am 21. Juli 2025, berichtet, dass die Direktorin Lakshmi N. Mittal am 17. Juli 2025 eine Aktienauszeichnung von 36 Restricted Stock Units (RSUs) erhalten hat. Die Transaktion ist mit „A“ (Gewährung) codiert und entspricht der jährlichen Vergütung für das zweite Quartal 2025 der Direktorin.

Nach der Zuteilung besitzt Mittal wirtschaftlich 5.869 RSUs, alle als direkte Beteiligungen gemeldet. Die RSUs haben keinen Ausübungspreis und werden etwa 90 Tage nach ihrem Ausscheiden aus dem Vorstand automatisch in eine gleiche Anzahl von GS-Stammaktien umgewandelt. Es gab keinen Kauf oder Verkauf am offenen Markt, und es besteht keine unmittelbare Auswirkung auf Bargeld oder Verwässerung für bestehende Aktionäre. Die Meldung scheint eine routinemäßige, vergütungsbezogene Transaktion mit minimaler materieller Bedeutung zu sein.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director RSU grant; immaterial to GS valuation.

The Form 4 simply documents a quarterly retainer grant of 36 RSUs to Director Lakshmi Mittal, lifting her beneficial holdings to 5,869 units. At today’s market price, the award is worth well under US$15k—negligible versus GS’s market cap and daily volume. Since the shares vest only after board retirement, the event neither signals insider sentiment nor alters float in the near term. From a governance view, it confirms that GS continues to pay part of director compensation in equity to align interests, a standard large-cap practice. Overall effect on investors and valuation is neutral.

Goldman Sachs Group Inc. (GS) Modulo 4 depositato il 21-lug-2025 riporta che la direttrice Lakshmi N. Mittal ha ricevuto un premio azionario di 36 Unità Azionarie Vincolate (RSU) il 17-lug-2025. La transazione è codificata come “A” (concessione) e rappresenta il compenso annuale del secondo trimestre 2025 per la direttrice.

Dopo l'assegnazione, Mittal detiene beneficiariamente 5.869 RSU, tutte riportate come partecipazioni dirette. Le RSU non hanno un prezzo di esercizio e si convertiranno automaticamente in un numero uguale di azioni ordinarie GS circa 90 giorni dopo la sua uscita dal Consiglio. Non si è verificato alcun acquisto o vendita sul mercato aperto e non vi è alcun impatto immediato in termini di liquidità o diluizione per gli azionisti esistenti. La comunicazione sembra essere una normale operazione legata alla retribuzione, con rilevanza materiale minima.

Goldman Sachs Group Inc. (GS) Formulario 4 presentado el 21-jul-2025 informa que la directora Lakshmi N. Mittal recibió un premio en acciones de 36 Unidades de Acciones Restringidas (RSU) el 17-jul-2025. La transacción está codificada como “A” (concesión) y corresponde a la asignación anual del segundo trimestre de 2025 para la directora.

Después del premio, Mittal posee beneficiosamente 5,869 RSU, todas reportadas como participaciones directas. Las RSU no tienen precio de ejercicio y se convertirán automáticamente en un número igual de acciones ordinarias de GS aproximadamente 90 días después de que Mittal deje la Junta. No hubo compra o venta en el mercado abierto y no hay impacto inmediato en efectivo ni dilución para los accionistas existentes. La presentación parece ser una operación rutinaria relacionada con la compensación, con mínima relevancia material.

골드만 삭스 그룹 Inc. (GS) 폼 4가 2025년 7월 21일 제출되었으며, 이사회 이사인 락슈미 N. 미탈이 2025년 7월 17일에 36개의 제한 주식 단위(RSU)를 수령했다고 보고합니다. 이 거래는 “A”(부여)로 분류되며, 이사의 2025년 2분기 연간 보수에 해당합니다.

수여 후 미탈은 5,869 RSU를 실질적으로 소유하고 있으며, 모두 직접 보유로 보고되어 있습니다. RSU는 행사 가격이 없으며, 미탈이 이사회에서 떠난 후 약 90일 후에 GS 보통주와 동일한 수량으로 자동 전환됩니다. 공개 시장에서의 매매는 없었으며, 기존 주주에게 즉각적인 현금 영향이나 희석 효과는 없습니다. 이번 제출은 보상과 관련된 일상적인 거래로, 중요성이 적은 것으로 보입니다.

Goldman Sachs Group Inc. (GS) Formulaire 4 déposé le 21 juillet 2025 indique que la directrice Lakshmi N. Mittal a reçu une attribution d’actions de 36 unités d’actions restreintes (RSU) le 17 juillet 2025. La transaction est codée « A » (attribution) et correspond à la rémunération annuelle du deuxième trimestre 2025 de la directrice.

Après cette attribution, Mittal détient à titre bénéficiaire 5 869 RSU, toutes déclarées comme des participations directes. Les RSU n’ont pas de prix d’exercice et seront automatiquement converties en un nombre égal d’actions ordinaires GS environ 90 jours après le départ de Mittal du conseil d’administration. Aucun achat ou vente sur le marché ouvert n’a eu lieu, et il n’y a pas d’impact immédiat en liquidités ni de dilution pour les actionnaires existants. Le dépôt semble être une opération de rémunération de routine avec une importance matérielle minimale.

Goldman Sachs Group Inc. (GS) Formular 4 eingereicht am 21. Juli 2025, berichtet, dass die Direktorin Lakshmi N. Mittal am 17. Juli 2025 eine Aktienauszeichnung von 36 Restricted Stock Units (RSUs) erhalten hat. Die Transaktion ist mit „A“ (Gewährung) codiert und entspricht der jährlichen Vergütung für das zweite Quartal 2025 der Direktorin.

Nach der Zuteilung besitzt Mittal wirtschaftlich 5.869 RSUs, alle als direkte Beteiligungen gemeldet. Die RSUs haben keinen Ausübungspreis und werden etwa 90 Tage nach ihrem Ausscheiden aus dem Vorstand automatisch in eine gleiche Anzahl von GS-Stammaktien umgewandelt. Es gab keinen Kauf oder Verkauf am offenen Markt, und es besteht keine unmittelbare Auswirkung auf Bargeld oder Verwässerung für bestehende Aktionäre. Die Meldung scheint eine routinemäßige, vergütungsbezogene Transaktion mit minimaler materieller Bedeutung zu sein.

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*
MITTAL LAKSHMI N

(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 5,869 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

What insider transaction did Goldman Sachs (GS) disclose in its latest Form 4?

GS reported that director Lakshmi N. Mittal was granted 36 Restricted Stock Units on 17-Jul-2025.

How many GS shares does Lakshmi N. Mittal now beneficially own after the RSU grant?

Mittal now holds 5,869 RSUs, which will convert 1-for-1 into GS common stock upon retirement.

When will the newly granted RSUs convert into Goldman Sachs common stock?

The RSUs will be delivered as GS shares about 90 days after Mittal retires from the Board of Directors.

Was there any open-market purchase or sale in this Form 4 filing?

No. The filing only records an equity award; there were no market transactions.

Does this Form 4 filing have a material impact on GS shareholders?

Given the small size of the grant (36 units), the event is considered immaterial to GS’s financials or share count.
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