Goldman Sachs (NASDAQ: QVCGA) holds 23.3% of QVC preferred

Rhea-AI Filing Summary

The Goldman Sachs Group, Inc. reports beneficial ownership of 8.0% Series A Cumulative Redeemable Preferred Stock of QVC GROUP INC with shared voting and dispositive power of 2,966,140.45 shares, representing 23.3% of the class. The filing is a joint Schedule 13G filed on 05/05/2026 that identifies Goldman Sachs & Co. LLC as the reporting subsidiary and includes joint filing and Exhibit disclosures about parent/subsidiary relationships.

Insights

Corporate Governance Attorney

Joint Schedule 13G shows passive/large institutional stake and parent/subsidiary attribution.

The filing lists 2,966,140.45 shares of the 8.0% Series A preferred and states a 23.3% percent of the class, with ownership attributed to Goldman Sachs Reporting Units and Goldman Sachs & Co. LLC as a subsidiary. The exhibits clarify parent holding company treatment and standard disclaimers about client accounts.

Watch future amendments for any change from passive Schedule 13G status to active Schedule 13D, which would alter disclosure obligations; timing not specified within the excerpt.

Institutional Investor Relations Analyst

Large preferred stake is visible; disclosure is administrative and clarifies internal attribution.

The filing is procedural: a joint filing agreement and Exhibit details explain that Goldman Sachs & Co. LLC holds the securities and that certain client or disaggregated unit holdings are disclaimed. The 23.3% figure is large for a single institutional reporting group but presented under Schedule 13G mechanics.

Subsequent amendments may show voting changes or transfers; monitor future filings for shifts in percent ownership or voting authority.

Key Figures

CUSIP: 74915M308 Shared voting/dispositive power: 2,966,140.45 shares Percent of class: 23.3% +1 more

4 metrics

CUSIP 74915M308 8.0% Series A Cumulative Redeemable Preferred Stock

Shared voting/dispositive power 2,966,140.45 shares Reported shared voting and dispositive power in Schedule 13G

Percent of class 23.3% Percent of the preferred class reported on the cover page

Filing date 05/05/2026 Date of signatures and exhibits

Key Terms

Schedule 13G, beneficially owned, parent holding company, disclaimed

4 terms

Schedule 13G regulatory

"Joint filing of a Statement on with respect to the 8.0% Series A"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned regulatory

"this filing reflects the securities beneficially owned by certain operating units"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

parent holding company regulatory

"The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company"

disclaimed regulatory

"The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by any client accounts"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

QVC GROUP INC

(Name of Issuer)

8.0% Series A Cumulative Redeemable Preferred Stock

(Title of Class of Securities)

74915M308

(CUSIP Number)

04/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 74915M308

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,966,140.45
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,966,141.45

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,966,141.45

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

23.3 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 74915M308

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,966,140.45
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,966,141.45

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,966,141.45

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

23.3 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: QVC GROUP INC
(b)	Address of issuer's principal executive offices: 1200 Wilson Drive, West Chester,X1, 19380
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: 8.0% Series A Cumulative Redeemable Preferred Stock
(e)	CUSIP Number(s): 74915M308
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name:Ameen Soetan
Name/Title:	Attorney-in-fact
Date:	05/05/2026

GOLDMAN SACHS & CO. LLC

Signature:	Name:Ameen Soetan
Name/Title:	Attorney-in-fact
Date:	05/05/2026

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the 8.0% Series A Cumulative Redeemable Preferred Stock, of QVC GROUP INC and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 05/05/2026 THE GOLDMAN SACHS GROUP, INC. By:/s/ Ameen Soetan ---------------------------------------- Name: Ameen Soetan Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Ameen Soetan ---------------------------------------- Name: Ameen Soetan Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group. "EXHIBIT (99.3) ITEM 4 INFORMATION *In accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the ""Release""), this filing reflects the securities beneficially owned by certain operating units (collectively, the ""Goldman Sachs Reporting Units"") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, ""GSG""). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units."

FAQ

What stake does Goldman Sachs report in QVCGA preferred stock?

Goldman Sachs reports shared voting and dispositive power over 2,966,140.45 shares, representing 23.3% of the class. The filing attributes holdings to Goldman Sachs Reporting Units and lists Goldman Sachs & Co. LLC as the reporting subsidiary on 05/05/2026.

What class of QVCGA securities is covered in this Schedule 13G?

The filing covers the 8.0% Series A Cumulative Redeemable Preferred Stock of QVC GROUP INC with CUSIP 74915M308. The Schedule 13G identifies the specific preferred series and the reporting entities involved.

Who filed the Schedule 13G for QVCGA?

The Schedule 13G was filed jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, with a joint filing agreement and exhibits clarifying parent/subsidiary reporting relationships dated 05/05/2026.

Does the filing indicate active control or a passive investment?

The filing is presented as a Schedule 13G, which typically indicates a passive institutional reporting position rather than an active control intent. Exhibits include standard disclaimers about client accounts and reporting unit disaggregation.

Are any subsidiaries or client accounts disclaimed in the QVCGA filing?

Yes. The exhibits state that certain operating units and client accounts are disclaimed and that the Goldman Sachs Reporting Units do not claim beneficial ownership of securities held for clients or disaggregated units, per the cited Release language.