Goldman Sachs mixed trades in QVC Group (QVCGA) market-making filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QVC Group, Inc. saw mixed trading activity by entities affiliated with Goldman Sachs. On April 20, 2026, Goldman Sachs, acting as a market maker, executed open-market sales and purchases of Series A Common Stock around $0.51–$0.55 per share, resulting in a small net purchase of 42 shares. The shares are held directly by Goldman Sachs and indirectly by The Goldman Sachs Group, Inc., which each report beneficial ownership only to the extent of their pecuniary interest. Any profit that could be recoverable under Section 16(b) from these trades will be remitted to QVC Group if applicable.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 42 shares ($5,503)
Net Buy
6 txns
Insider
GOLDMAN SACHS GROUP INC, GOLDMAN SACHS & CO. LLC
Role
null | null
Bought
10,006 shs ($6K)
Sold
9,964 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series A Common Stock | 1 | $0.51 | $0.51 |
| Purchase | Series A Common Stock | 10,000 | $0.55 | $6K |
| Purchase | Series A Common Stock | 1 | $0.53 | $0.53 |
| Purchase | Series A Common Stock | 4 | $0.52 | $2.08 |
| Sale | Series A Common Stock | 3,637 | $0.51 | $2K |
| Sale | Series A Common Stock | 6,327 | $0.51 | $3K |
Holdings After Transaction:
Series A Common Stock — 10,273 shares (Indirect, See Footnotes)
Footnotes (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"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein. On April 17, 2026, the Reporting Persons experienced an increase in their beneficial ownership of QVC Group, Inc. (the "Issuer") to above 10% of the outstanding Series A Common Stock ("Common Stock"). These transactions in the Common Stock of the Issuer were effected by Goldman Sachs acting as a market maker in the ordinary course of business. Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer, if applicable. The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Key Figures
Shares sold: 6,327 shares
Additional shares sold: 3,637 shares
Major purchase lot: 10,000 shares
+3 more
6 metrics
Shares sold
6,327 shares
Series A Common Stock sale at $0.51 on April 20, 2026
Additional shares sold
3,637 shares
Series A Common Stock sale at $0.51 on April 20, 2026
Major purchase lot
10,000 shares
Series A Common Stock purchase at $0.55 on April 20, 2026
Net shares bought
42 shares
Net of 10,006 bought and 9,964 sold in Series A Common Stock
Sale price
$0.51/share
Price for the reported Series A Common Stock sales
Purchase price range
$0.51–$0.55/share
Prices for reported Series A Common Stock purchases
Key Terms
market maker, beneficial ownership, pecuniary interest, Section 16(b), +1 more
5 terms
market maker financial
"These transactions in the Common Stock of the Issuer were effected by Goldman Sachs acting as a market maker in the ordinary course of business."
A market maker is a firm or individual that stands ready to buy and sell a particular stock or other security throughout the trading day, posting prices at which it will transact so buyers and sellers can trade quickly. Think of it as a shopkeeper who keeps inventory and posts prices to ensure someone can always buy or sell; this reduces delays, narrows price swings, and helps investors execute trades at fairer, more predictable prices.
beneficial ownership financial
"Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein."
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.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein."
Section 16(b) regulatory
"result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Series A Common Stock financial
"increase in their beneficial ownership of QVC Group, Inc. (the "Issuer") to above 10% of the outstanding Series A Common Stock"
FAQ
What insider transactions did Goldman Sachs report in QVC Group (QVCGA) stock?
Goldman Sachs reported both sales and purchases of QVC Group Series A Common Stock on April 20, 2026. The trades were small, market-making transactions and together resulted in a net purchase of 42 shares at prices between $0.51 and $0.55 per share.
Were the QVC Group (QVCGA) trades by Goldman Sachs open-market transactions?
Yes. The filing describes the trades as open-market sales and purchases of Series A Common Stock. A footnote explains they were effected by Goldman Sachs acting as a market maker in the ordinary course of business, indicating routine liquidity-providing activity rather than strategic position changes.
How much QVC Group (QVCGA) stock did Goldman Sachs buy and sell in this Form 4?
The reporting entities bought 10,006 shares and sold 9,964 shares of QVC Group Series A Common Stock. This produced a small net purchase of 42 shares, reflecting relatively minor adjustments in their indirectly reported position during market-making activity.
How does Section 16(b) factor into Goldman Sachs’ QVC Group (QVCGA) trades?
A footnote states that if the reported trades were subject to Section 16(b) short-swing profit rules, any recoverable profit will be remitted to QVC Group. The reporting persons note this without conceding that ordinary-course market making normally creates Section 16(b) liability.