Goldman Sachs Group Inc SEC Filings

Goldman Sachs Group Inc. (GS): A director reported an equity grant on 10/15/2025. The filing shows an award of 33 Restricted Stock Units (RSUs) coded “A”. The RSUs convert into common stock approximately 90 days after the director retires from the Board. Following this grant, the director beneficially owned 4,830 derivative securities, held directly.

Goldman Sachs Group Inc. (GS) director reported a grant of 33 restricted stock units on October 15, 2025 under the company’s quarterly board retainer program.

The RSUs relate to the director’s third quarter 2025 Annual Retainer, with shares of common stock to be delivered approximately 90 days after the director retires from the Board. Following this grant, the director beneficially owned 452 derivative securities, held directly.

Goldman Sachs Group Inc. (GS) reported an insider equity award. A company director received 33 restricted stock units (RSUs) on 10/15/2025, recorded on Form 4 as an acquisition. These RSUs were granted as the director’s third quarter 2025 annual retainer.

The underlying common shares are scheduled to be delivered approximately 90 days after the director’s retirement from the Board. Following this transaction, the director beneficially owns 102 derivative securities in the form of RSUs, held directly.

Goldman Sachs Group Inc. (GS) reported a routine insider compensation event. A company director received an award of 33 Restricted Stock Units on 10/15/2025, recorded on Form 4.

The RSUs were granted as part of the director’s third quarter 2025 Annual Retainer. Shares underlying these RSUs will be delivered approximately 90 days after the director’s retirement from the Board. Following this transaction, the director beneficially owns 5,902 derivative securities on a direct basis.

Goldman Sachs (GS) filed a Form 4 reporting a grant of 50 restricted stock units on 10/15/2025 to a director as the third quarter 2025 annual retainers for service on the Issuer’s Board and the Goldman Sachs Bank USA board. The shares underlying these RSUs will be delivered approximately 90 days after the director’s retirement from either board. Following the transaction, 2,641 derivative securities were beneficially owned, held directly.

GS Finance Corp. is offering Autocallable Equity‑Linked Notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference Amazon.com, Johnson & Johnson, and Walmart common stocks.

The notes pay no interest. They are automatically called if on the call observation date each underlier is at or above its initial level; in that case, you receive $1,300 per $1,000 on the call payment date. If not called, at maturity you receive: (i) if each final underlier level is above its initial level, $1,000 + 650% of the lesser‑performing underlier return; (ii) if each final underlier level is at or above its 80% buffer level but any is at or below its initial level, $1,000; or (iii) if any final underlier level is below its buffer level, a reduced amount via the 20% buffer formula, which can result in a substantial loss of principal.

Key dates: trade October 24, 2025; original issue October 29, 2025; call observation October 30, 2026; call payment November 4, 2026; determination October 24, 2028; maturity October 27, 2028. The notes are subject to issuer and guarantor credit risk, will not be listed, and market making is not assured. The amount on a call date is capped, and the maturity payout depends solely on the lesser‑performing underlier.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary 424(b)(2) pricing supplement for Bearish Autocallable Absolute Return notes linked to the S&P 500 Index. The notes pay no interest and are designed for a mildly bearish view, with maturity expected on February 4, 2027.

The notes are automatically called at par if on any observation day the Index closes below 80% of its initial level, resulting in a 0% return. If not called, outcomes at maturity are: at least $1,030 per $1,000 face amount if the Index is flat or higher; a positive “absolute return” up to 20% if the Index is down but not below 80% of the initial level; and $1,000 if the Index is below 80% of the initial level.

The contingent positive return when the Index is flat or higher is set at at least 3%. The estimated value is expected to be $925 to $955 per $1,000 at pricing, reflecting fees and structuring costs. Trade date is expected October 31, 2025; the determination date is expected February 1, 2027.

GS Finance Corp. launched a preliminary pricing supplement for leveraged buffered notes linked to the S&P 500 Index, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes offer 300% upside participation in the index return, subject to a maximum settlement amount expected between $1,170.40 and $1,200.10 per $1,000 face amount.

The structure includes a 10% buffer (buffer level at 90% of the initial level). If the index falls more than the buffer, losses accelerate at approximately 111.11% of the decline below the buffer. The notes do not bear interest and repay at maturity based on the final index level on the determination date. Key dates will be set on the trade date; the determination date is expected to be between 23 and 26 months after the trade date, with the stated maturity two business days later.

The notes are part of Goldman’s Medium‑Term Notes, Series F. They will not be listed, market-making may be limited, and investors are exposed to the credit risk of the issuer and guarantor. Illustrative tables show principal risk if the S&P 500 declines beyond the 10% buffer and capped gains above roughly 105.680% of the initial level.

Goldman Sachs (GS), via GS Finance Corp., filed a preliminary 424(b)(2) for Bearish Autocallable Absolute Return Notes linked to the S&P 500 Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are expected to mature on February 4, 2027.

The notes are automatically called at par if on any daily call observation date the S&P 500 closing level is less than 80% of the initial level, resulting in a 0% return. If not called: at maturity you receive at least $1,035 per $1,000 if the index return is ≥ 0% (a contingent return of at least 3.5%); if the index return is between 0% and -20%, you receive the absolute value of the negative return (capped at 20%); if below -20%, you receive $1,000.

The product is designed for investors who expect the index to end below its initial level but not below 80%, or to rise modestly within the contingent cap. Estimated value at pricing is expected between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantee of The Goldman Sachs Group, Inc. The notes will not be listed.