Goldman Sachs' Fredman receives 18,317 award shares

The delivered shares generally cannot be sold or transferred before October 2027.

Rhea-AI Filing Summary

Goldman Sachs Group Inc. Chief Accounting Officer Sheara J. Fredman exercised 18,317 performance-based restricted stock units on October 23, 2026; the underlying common shares were delivered without consideration. The award was originally granted in January 2022 and achieved the maximum 150% of its pre-established absolute and relative total shareholder return-based performance goals. The transaction also reports 10,130 shares withheld for payment of exercise price or tax liability.

Insider Trade Summary

18,317 shares exercised/converted

Exercise 3 txns

Insider FREDMAN SHEARA J

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Performance-based Restricted Stock Units F1	18,317	--	--
Exercise	Common Stock, par value $0.01 per share F1	18,317	--	--
Tax Withholding	Common Stock, par value $0.01 per share F2	10,130	$891.30	$9.03M

Holdings After Transaction: Performance-based Restricted Stock Units — 0 contracts (Direct); Common Stock, par value $0.01 per share — 14,525 shares (Direct)

Footnotes (2)

1. F1. On October 23, 2026, shares of the Issuer's common stock underlying a Shareholder Value Creation Award ("SVC Award"), originally granted in January 2022 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.

Key Figures

Common shares delivered: 18,317 shares Shares withheld for exercise price or tax liability: 10,130 shares Performance-goal achievement: 150% +1 more

4 metrics

Common shares delivered 18,317 shares Delivered on October 23, 2026, upon exercise of the performance-based restricted stock units.

Shares withheld for exercise price or tax liability 10,130 shares Reported in connection with the award-share delivery on October 23, 2026.

Performance-goal achievement 150% Maximum achievement of the award's pre-established performance goals.

Original award grant January 2022 The performance-based restricted stock units were originally granted in this month and year.

Key Terms

performance-based restricted stock units, Shareholder Value Creation Award, absolute and relative total shareholder return-based performance goals, withholding obligations

4 terms

performance-based restricted stock units financial

"originally granted in January 2022 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.

Shareholder Value Creation Award financial

"underlying a Shareholder Value Creation Award"

absolute and relative total shareholder return-based performance goals financial

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

withholding obligations financial

"withheld to satisfy withholding obligations"

FAQ

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

How many GS shares did Sheara J. Fredman receive from the award?

Sheara J. Fredman received 18,317 common shares on October 23, 2026, when the performance-based restricted stock units were delivered without consideration.

How many shares were withheld in the GS award transaction?

10,130 shares were withheld for payment of exercise price or tax liability in connection with delivery of the award shares on October 23, 2026.

When can the GS award shares be sold or transferred?

The shares generally cannot be sold or transferred before October 2027.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/27/2026 - 05:08 PM EDT Accepted by SEC EDGAR 10/27/2026 - 05:07 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^*

FREDMAN SHEARA J

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

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		18,317(1)	A	(1)	24,655	D
Common Stock, par value $0.01 per share	10/23/2026		F(2)		10,130	D(2)	$891.3	14,525	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
Performance-based Restricted Stock Units	(1)	10/23/2026		M			18,317	(1)	(1)	Common Stock, par value $0.01 per share	18,317	(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 January 2022 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.

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)