Goldman Sachs (NYSE: GS) legal chief reports insider stock sales

Rhea-AI Filing Summary

Kathryn H. Ruemmler, Chief Legal Officer and General Counsel of Goldman Sachs Group Inc. (GS), reported a series of open-market sales of the company’s common stock on January 23, 2026. The transactions were executed in multiple tranches, including sales of 580, 1,494 and 2,660 shares, at weighted average prices ranging from $921.91 to $935.79 per share. After these sales, she directly beneficially owns 18,533 shares of Goldman Sachs common stock. Footnotes explain that each reported price is a weighted average within a disclosed price range, and that detailed trade-level pricing is available upon request.

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

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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^*

Ruemmler Kathryn H.

(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)
	Chief Legal Officer, GC

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		S		580	D	$921.91(1)	27,542	D
Common Stock, par value $0.01 per share	01/23/2026		S		1,494	D	$922.92(2)	26,048	D
Common Stock, par value $0.01 per share	01/23/2026		S		435	D	$923.59(3)	25,613	D
Common Stock, par value $0.01 per share	01/23/2026		S		2,660	D	$925.21(4)	22,953	D
Common Stock, par value $0.01 per share	01/23/2026		S		60	D	$926.05	22,893	D
Common Stock, par value $0.01 per share	01/23/2026		S		560	D	$929.1(5)	22,333	D
Common Stock, par value $0.01 per share	01/23/2026		S		1,678	D	$930.36(6)	20,655	D
Common Stock, par value $0.01 per share	01/23/2026		S		1,242	D	$932.57(7)	19,413	D
Common Stock, par value $0.01 per share	01/23/2026		S		400	D	$933.41(8)	19,013	D
Common Stock, par value $0.01 per share	01/23/2026		S		302	D	$935(9)	18,711	D
Common Stock, par value $0.01 per share	01/23/2026		S		178	D	$935.79(10)	18,533	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

Explanation of Responses:

1. Reflects a weighted average sale price of $921.91 per share, at prices ranging from $921.22 to $922.19 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 $922.92 per share, at prices ranging from $922.25 to $923.16 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 $923.59 per share, at prices ranging from $923.27 to $923.73 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 $925.21 per share, at prices ranging from $925.05 to $926.01 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.

5. Reflects a weighted average sale price of $929.10 per share, at prices ranging from $928.72 to $929.29 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 $930.36 per share, at prices ranging from $930.00 to $930.80 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 $932.57 per share, at prices ranging from $931.92 to $932.88 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.

8. Reflects a weighted average sale price of $933.41 per share, at prices ranging from $933.00 to $933.77 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.

9. Reflects a weighted average sale price of $935.00 per share, at prices ranging from $934.52 to $935.47 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 $935.79 per share, at prices ranging from $935.55 to $935.94 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.

FAQ

Who is the insider trading GS stock in this Form 4 filing?

The reporting person is Kathryn H. Ruemmler, who serves as Chief Legal Officer and General Counsel of Goldman Sachs Group Inc. (GS).

What type of GS securities did Kathryn Ruemmler sell?

She sold Goldman Sachs common stock, par value $0.01 per share, in a series of open-market transactions.

On what date did the reported Goldman Sachs (GS) stock sales occur?

All reported transactions took place on January 23, 2026, as shown in the non-derivative securities table.

At what prices were the GS shares sold in this Form 4?

Each line reflects a weighted average sale price, including $921.91, $922.92, $923.59, $925.21, $926.05, $929.10, $930.36, $932.57, $933.41, $935.00 and $935.79 per share.

How many Goldman Sachs shares does Kathryn Ruemmler own after these sales?

Following the reported transactions, she directly beneficially owns 18,533 shares of Goldman Sachs common stock.

Are the reported GS stock prices exact or averages?

The filing states that each reported price is a weighted average sale price over a disclosed price range, and that full information on the number of shares sold at each separate price is available upon request.

Are Kathryn Ruemmler’s GS holdings reported as direct or indirect ownership?

The non-derivative holdings shown after the transactions are reported as direct (D) ownership, with no separate nature of indirect beneficial ownership indicated.