Goldman Sachs (QRED) discloses over 10% indirect stake in QuasarEdge Acquisition Corp

Rhea-AI Filing Summary

GOLDMAN SACHS GROUP INC and its affiliate Goldman Sachs & Co. LLC reported their holdings in QuasarEdge Acquisition Corp on a Form 3 as more than 10% owners. They disclosed indirect beneficial ownership of 1,476,550 Ordinary Shares, with the shares held directly by Goldman Sachs and indirectly by GS Group.

The reporting persons state that they disclaim beneficial ownership of these securities except to the extent of their pecuniary interest. Their beneficial ownership in QuasarEdge’s Ordinary Shares increased to above 10% on May 15, 2026, triggering this initial ownership filing rather than reflecting a specific buy or sell transaction.

Insights

Securities law and ownership structure analyst

Goldman Sachs reports a new >10% indirect stake without detailing specific trades.

The filing shows The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC crossing the 10% ownership threshold in QuasarEdge Acquisition Corp with indirect beneficial ownership of 1,476,550 Ordinary Shares.

The shares are held directly by Goldman Sachs and indirectly by GS Group, with both entities disclaiming beneficial ownership beyond their pecuniary interest. The Form 3 reflects their status as more than 10% holders as of May 15, 2026, rather than any clearly identified purchase or sale.

For investors, this highlights that a large financial institution-affiliated holder now exceeds the 10% mark, which can have governance and reporting implications, though the economic impact depends on how this position is managed in future disclosures.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GOLDMAN SACHS GROUP INC

Role null

Type	Security	Shares	Price	Value
holding	Ordinary Shares, par value $0.0001 per share	--	--	--

Holdings After Transaction: Ordinary Shares, par value $0.0001 per share — 1,476,550 shares (Indirect, See Footnotes)

Footnotes (1)

1. This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC ("Goldman Sachs" and together with GS Group, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. On May 15, 2026, the Reporting Persons experienced an increase in their beneficial ownership of QuasarEdge Acquisition Corporation (the "Issuer") to above 10% of the outstanding Ordinary Shares. The Ordinary Shares of the Issuer reported herein as indirectly purchased were beneficially owned directly by Goldman Sachs and indirectly by GS Group.

Key Figures

Indirect beneficial ownership: 1,476,550 Ordinary Shares Ownership threshold date: May 15, 2026 Ownership status: Greater than 10% owner

3 metrics

Indirect beneficial ownership 1,476,550 Ordinary Shares Held by Goldman Sachs & Co. LLC and indirectly by GS Group

Ownership threshold date May 15, 2026 Date beneficial ownership rose above 10% of Ordinary Shares

Ownership status Greater than 10% owner Triggers Form 3 filing as ten percent owner

Key Terms

beneficial ownership, ten percent owner, pecuniary interest, indirectly purchased

4 terms

beneficial ownership financial

"On May 15, 2026, the Reporting Persons experienced an increase in their beneficial ownership of QuasarEdge Acquisition Corporation"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

ten percent owner regulatory

"the Reporting Persons experienced an increase in their beneficial ownership ... to above 10% of the outstanding Ordinary Shares"

pecuniary interest financial

"Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein"

indirectly purchased financial

"The Ordinary Shares of the Issuer reported herein as indirectly purchased were beneficially owned directly by Goldman Sachs and indirectly by GS Group"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

GOLDMAN SACHS GROUP INC

(Last) (First) (Middle)

200 WEST STREET

(Street)

NEW YORK NEW YORK 10282

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/15/2026

3. Issuer Name and Ticker or Trading Symbol
QuasarEdge Acquisition Corp [ QRED ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares, par value $0.0001 per share	1,476,550	I	See Footnotes(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC ("Goldman Sachs" and together with GS Group, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. On May 15, 2026, the Reporting Persons experienced an increase in their beneficial ownership of QuasarEdge Acquisition Corporation (the "Issuer") to above 10% of the outstanding Ordinary Shares.

2. The Ordinary Shares of the Issuer reported herein as indirectly purchased were beneficially owned directly by Goldman Sachs and indirectly by GS Group.

Remarks:

	/s/ Crystal Orgill, Attorney-in-fact	05/26/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does the Form 3 for QuasarEdge Acquisition Corp (QRED) show about Goldman Sachs?

The Form 3 shows that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC are now more than 10% beneficial owners of QuasarEdge Acquisition Corp. They report indirect ownership of 1,476,550 Ordinary Shares, held directly by Goldman Sachs and indirectly by the parent entity.

How many QuasarEdge (QRED) shares are reported as beneficially owned by Goldman Sachs?

The filing reports beneficial ownership of 1,476,550 Ordinary Shares of QuasarEdge Acquisition Corp. These shares are owned directly by Goldman Sachs & Co. LLC and indirectly by The Goldman Sachs Group, Inc., reflecting an ownership level above 10% of the company’s outstanding Ordinary Shares.

When did Goldman Sachs become a greater than 10% owner of QuasarEdge (QRED)?

According to the filing footnote, Goldman Sachs became a greater than 10% beneficial owner of QuasarEdge’s Ordinary Shares on May 15, 2026. Crossing this threshold triggered the requirement to file a Form 3 as an initial statement of beneficial ownership of equity securities.

Is Goldman Sachs’ ownership in QuasarEdge (QRED) direct or indirect?

The ownership is reported as indirect for The Goldman Sachs Group, Inc. The Ordinary Shares are held directly by Goldman Sachs & Co. LLC and indirectly by GS Group, with both entities disclaiming beneficial ownership except to the extent of their pecuniary interest in the securities.

Does the QuasarEdge (QRED) Form 3 show any buy or sell transactions by Goldman Sachs?

The Form 3 functions as an initial ownership report and does not detail specific buy or sell trades. It records that Goldman Sachs’ beneficial ownership increased to above 10% on May 15, 2026 and that 1,476,550 Ordinary Shares are beneficially owned, primarily on an indirect basis.