Goldman Sachs (NYSE: GS) CFO sells 6,857 shares at about $975 each

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Goldman Sachs Group Inc.’s Chief Financial Officer Denis P. Coleman reported open-market sales of common stock. On May 14, 2026, he sold a total of 6,857 shares of Goldman Sachs common stock in several transactions, each coded as an open-market sale.

Reported sale prices ranged from about $971.76 to $975.53 per share, with weighted average prices around $972–$975 as detailed in the footnotes. After these sales, individual transaction lines show remaining direct holdings such as 31,070 and 35,418 shares.

The filing also lists 4,232 shares held indirectly through trusts whose sole beneficiaries are immediate family members of Coleman, and for which he disclaims beneficial ownership.

Insights

CFO Denis Coleman sold 6,857 Goldman Sachs shares in routine open-market trades while retaining a sizable share position.

Denis P. Coleman, CFO of Goldman Sachs Group Inc., reported open-market sales totaling 6,857 shares of common stock on May 14, 2026. All reported transactions carry code S, indicating discretionary sales in the open market or via private transactions.

Sale prices span roughly $971.76 to $975.53 per share, with weighted average prices around $972–$975 as disclosed in multiple footnotes. No options or other derivatives were exercised, and the derivative position table is empty in this filing, suggesting these are straightforward stock sales rather than exercise-and-sell events.

Post-transaction lines show remaining direct holdings listed between 31,070 and 35,418 shares, plus 4,232 shares held indirectly through family trusts for which Coleman disclaims beneficial ownership. Given the company’s large equity base, this appears as a routine liquidity event rather than a thesis-changing move, so the overall signal is neutral.

Insider Trade Summary

Net Seller: 6,857 shares ($6,675,613)

Net Sell 5 txns

Insider COLEMAN DENIS P.

Role Chief Financial Officer

Sold 6,857 shs ($6.68M)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	2,509	$972.29	$2.44M
Sale	Common Stock, par value $0.01 per share	1,560	$973.19	$1.52M
Sale	Common Stock, par value $0.01 per share	1,360	$974.53	$1.33M
Sale	Common Stock, par value $0.01 per share	1,428	$975.21	$1.39M
holding	Common Stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.01 per share — 35,418 shares (Direct, null); Common Stock, par value $0.01 per share — 4,232 shares (Indirect, See footnote)

Footnotes (1)

Reflects a weighted average sale price of $972.29 per share, at prices ranging from $971.76 to $972.72 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. Reflects a weighted average sale price of $973.19 per share, at prices ranging from $972.79 to $973.72 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. Reflects a weighted average sale price of $974.53 per share, at prices ranging from $973.85 to $974.84 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. Reflects a weighted average sale price of $975.21 per share, at prices ranging from $974.85 to $975.53 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. Held through trusts, the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Key Figures

Total shares sold: 6,857 shares Sample sale price: $972.29 per share Highest weighted average price: $975.21 per share +3 more

6 metrics

Total shares sold 6,857 shares Aggregate open-market sales on May 14, 2026

Sample sale price $972.29 per share Weighted average price for one sale tranche

Highest weighted average price $975.21 per share One reported sale’s weighted average price

Direct holdings example 31,070 shares Direct shares listed after one sale entry

Direct holdings example 35,418 shares Direct shares listed after another sale entry

Indirect trust holdings 4,232 shares Held through family trusts; beneficial ownership disclaimed

Key Terms

open-market sale, weighted average sale price, disclaims beneficial ownership, indirect ownership, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"Reflects a weighted average sale price of $972.29 per share"

disclaims beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of these shares."

indirect ownership financial

""ownership_type": "indirect""

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:06 PM

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^*

COLEMAN DENIS P.

(Last)

(First)

(Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	05/14/2026		S		2,509	D	$972.29⁽¹⁾	35,418	D
Common Stock, par value $0.01 per share	05/14/2026		S		1,560	D	$973.19⁽²⁾	33,858	D
Common Stock, par value $0.01 per share	05/14/2026		S		1,360	D	$974.53⁽³⁾	32,498	D
Common Stock, par value $0.01 per share	05/14/2026		S		1,428	D	$975.21⁽⁴⁾	31,070	D
Common Stock, par value $0.01 per share								4,232	I	See footnote⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects a weighted average sale price of $972.29 per share, at prices ranging from $971.76 to $972.72 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 $973.19 per share, at prices ranging from $972.79 to $973.72 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 $974.53 per share, at prices ranging from $973.85 to $974.84 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 $975.21 per share, at prices ranging from $974.85 to $975.53 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. Held through trusts, the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	05/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Goldman Sachs (GS) disclose for CFO Denis P. Coleman?

Goldman Sachs disclosed that CFO Denis P. Coleman sold 6,857 shares of common stock. The shares were sold in several open-market transactions on May 14, 2026, as reported in a Form 4 filing with detailed pricing footnotes.

How many Goldman Sachs (GS) shares did the CFO sell and at what prices?

The CFO sold 6,857 Goldman Sachs shares. The Form 4 shows weighted average sale prices around $972–$975 per share, with individual trades occurring between approximately $971.76 and $975.53, according to the transaction footnotes.

Does the Goldman Sachs (GS) CFO still hold shares after the reported Form 4 sales?

Yes. After the reported sales, individual transaction lines show remaining direct holdings such as 31,070 and 35,418 Goldman Sachs shares. These figures indicate the CFO continues to hold a significant direct equity position in the company.

Were any of the Goldman Sachs (GS) CFO’s shares held indirectly through trusts?

Yes. The Form 4 lists 4,232 Goldman Sachs shares held indirectly through trusts whose sole beneficiaries are the CFO’s immediate family members. The filing states that Denis P. Coleman disclaims beneficial ownership of these indirectly held shares.

Did the Goldman Sachs (GS) Form 4 involve stock options or other derivatives?

No. The Form 4 only reports transactions in common stock, with no derivative exercises or conversions. The derivative summary is empty, indicating the disclosed activity consists solely of straightforward open-market sales of Goldman Sachs common stock.

What do the weighted average prices in the Goldman Sachs (GS) Form 4 mean?

Each footnote shows a weighted average sale price summarizing multiple trades within a narrow range. For example, one average is $972.29, with actual prices between $971.76 and $972.72. The CFO will provide detailed trade breakdowns upon request to regulators or shareholders.