Goldman Sachs Group Inc SEC Filings

A shareholder of The Goldman Sachs Group, Inc. filed a notice of proposed sale of restricted securities under Rule 144. The filing covers 9,589 shares of common stock, par value $0.01, to be sold through Goldman Sachs & Co. LLC on the NYSE, with an indicated aggregate market value of $9,154,138.85. The filing notes that 299,928,511 shares of common stock were outstanding and lists an approximate sale date of 01/23/2026.

The shares to be sold were acquired on 01/23/2026 as employee compensation awards from The Goldman Sachs Group, Inc., with the same 9,589 shares shown as the amount acquired. The form also includes a representation that the person for whose account the securities are to be sold does not know of any undisclosed material adverse information about the issuer’s current or prospective operations.

The Goldman Sachs Group, Inc. has a Form 144 notice covering the proposed sale of 546 shares of its common stock, par value $0.01, with an aggregate market value of $521,238.90 through Goldman Sachs & Co. LLC on the NYSE around 01/23/2026. The filing notes that 299,928,511 shares of common stock were outstanding.

The 546 shares to be sold were acquired on 01/23/2026 as employee compensation awards from The Goldman Sachs Group, Inc., with the consideration also described as employee compensation awards. Over the prior three months, Alex S. Golten sold 1,087 shares for gross proceeds of $1,037,704.55, and Leo 19 Trust sold 546 shares for $521,238.90. The signer represents they are not aware of undisclosed material adverse information about the issuer.

Virgo 10 Trust, in connection with The Goldman Sachs Group, Inc., filed a Rule 144 notice to sell 546 shares of Goldman Sachs common stock, par value $0.01 per share. The planned sale, through Goldman Sachs & Co. LLC on the NYSE, reflects an aggregate market value of 521238.90, with the issuer having 299,928,511 shares of common stock outstanding as of the filing.

The 546 shares were acquired on 01/23/2026 as employee compensation awards, rather than a cash purchase. Over the prior three months, separate sales disclosed include 1,087 shares of common stock by Alex S. Golten, with gross proceeds of 1037704.55, and 546 shares by Virgo 10 Trust with gross proceeds of 521238.90. The signer represents they are not aware of undisclosed material adverse information about Goldman Sachs.

The Goldman Sachs Group, Inc. filed a notice under Rule 144 covering a planned sale of 1,087 shares of common stock, par value $0.01. The shares are to be sold through Goldman Sachs & Co. LLC on the NYSE, with an indicated aggregate market value of $1,037,704.55. The filing notes that there were 299,928,511 shares of common stock outstanding at the time referenced.

The securities to be sold were acquired on 01/23/2026 as employee compensation awards from The Goldman Sachs Group, Inc., with the same date shown for payment and described as employee compensation awards. The filing also lists sales during the past three months for related sellers: Virgo 10 Trust and Leo 19 Trust, each selling 546 shares of common stock on 01/23/2026, generating gross proceeds of $521,238.90 for each trust.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering equity-linked notes tied to an equally weighted basket of eight U.S.-listed power, infrastructure and technology-related stocks. The notes have a total initial face amount of $500,000 and may be increased later.

The notes pay no interest and mature on January 25, 2028, unless automatically called on February 2, 2027. If the basket level on the call observation date is at or above 100% of its initial level, investors receive $1,202 per $1,000 face amount on the call payment date, capping return.

If not called, maturity payment depends on basket performance. For gains, investors receive principal plus 150% of the basket’s positive return. If the basket is flat to down no more than 20%, principal is repaid. Below that 80% trigger buffer, maturity payment falls one-for-one with the basket, and investors can lose up to their entire investment.

The initial basket level is set at 100, with each of the eight stocks (including Constellation Energy, Eaton, Equinix, Freeport-McMoRan, NextEra Energy, Quanta Services, Vertiv and Vistra) weighted at 12.5%. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. The estimated value on the trade date is approximately $952 per $1,000 face amount, below the issue price, reflecting structuring and distribution costs.

GS Finance Corp, guaranteed by The Goldman Sachs Group, is offering structured notes linked to the Class A common stock of Dutch Bros Inc. The notes pay a fixed coupon of $26.75 per $1,000 each quarter (2.675% quarterly, up to 10.7% per year).

The notes are automatically called if Dutch Bros’ stock on specified observation dates is at or above the initial price, returning principal plus the coupon then due. If held to maturity and the final stock price is at least 50% of the initial level, investors receive $1,000 per note plus the final coupon.

If the final stock price is below 50% of the initial level, repayment of principal falls one‑for‑one with the stock decline, and investors can lose most or all of their investment. The notes carry the credit risk of GS Finance Corp and The Goldman Sachs Group, may have limited liquidity, and their estimated initial value is between $925 and $955 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable, no-coupon notes linked to the State Street® Technology Select Sector SPDR® ETF (XLK) and the State Street® Energy Select Sector SPDR® ETF (XLE). The notes are expected to be issued at 100% of face amount on or about January 30, 2026 and mature on February 4, 2031, unless automatically called.

The notes can be automatically redeemed starting January 28, 2027 if on a call observation date the closing level of each ETF is at or above its initial level. In that case, investors receive $1,000 per note plus a call premium, with call premium amounts ranging from 17.95% on the first call date up to 71.8% on the last call date.

If not called, the maturity payment depends on the lesser-performing ETF. If each final level is at or above its initial level, holders receive $1,000 plus 100% of the lesser ETF’s positive return. If any ETF is below its initial level but each is at or above 60% of its initial level, investors receive only the $1,000 face amount. If any ETF closes below 60% of its initial level, the payoff is $1,000 plus the lesser ETF’s full negative return, which can result in a loss of most or all principal.

The notes do not pay interest, do not pass through ETF dividends, and expose investors to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is expected to be between $850 and $890 per $1,000 face amount, reflecting structuring costs and dealer compensation.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Tesla-linked notes that pay fixed quarterly coupons of $26 per $1,000 face amount (2.6% per quarter, up to 10.4% per year). The notes are scheduled to run from an expected trade date of February 10, 2026 to a stated maturity date expected to be February 15, 2029, unless automatically called earlier.

The notes are automatically redeemed at par plus the coupon if the closing price of Tesla stock on any quarterly call observation date is at or above the initial stock price. If not called, principal repayment at maturity depends on Tesla’s performance. Investors receive full face amount if Tesla’s final price is at least 50% of the initial price, but lose one-for-one with Tesla’s decline below that level, down to a possible total loss of principal. The notes are unsecured obligations subject to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc., and their initial estimated value is expected to be between $925 and $965 per $1,000.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $1,468,000 of Trigger Autocallable GEARS due 2029, linked to the common stock of Broadcom Inc. (AVGO). The notes are unsecured obligations in $10 denominations and do not pay interest or dividends.

The structure offers 1.50x leveraged upside at maturity if the final Broadcom stock price is above the initial price of $328.80, provided the notes have not been called early. If the final price is at or below the initial level but at or above the 75% downside threshold, investors receive their $10 principal back. If the final price falls below that threshold, repayment is reduced one-for-one with the stock’s loss, and the entire investment can be lost.

The notes can be automatically called on January 28, 2027 if Broadcom’s stock closes at or above 100% of the initial price, in which case investors receive $10 plus a 32.53% call return per note and no further payments. The estimated value at pricing is about $9.57 per $10, and all payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.