[SCHEDULE 13G/A] Triumph Group, Inc. SEC Filing

Rhea-AI Filing Summary

Goldman Sachs Group and its broker-dealer affiliate report a non-controlling stake in Triumph Group. Together they disclose beneficial ownership of 3,781,197.30 shares, representing 4.9% of the class, with nearly identical shared voting and shared dispositive power figures reported. The filing clarifies these shares are held in the ordinary course of business and are not intended to change or influence control of Triumph. The statement also documents a joint filing agreement and identifies the parent-subsidiary relationship between the reporting entities.

Insights

Financial Analyst

TL;DR: GS reports a modest 4.9% stake in Triumph, appearing non-controlling and held in the ordinary course.

The disclosed position of 3,781,197.30 shares (4.9%) is sizable for disclosure but falls below thresholds that typically signal a control intent. Reported shared voting power of 3,781,112.30 and shared dispositive power of 3,781,152.30 indicate the economic exposure is concentrated within affiliated entities rather than held solely by one account. The certification that holdings are in the ordinary course reduces the likelihood this filing reflects an activist or control-seeking strategy. For investors, this is primarily a transparency event rather than a strategic shift.

Corporate Governance Expert

TL;DR: Joint filing and parent-subsidiary disclosure show affiliation; no evidence of coordinated effort to influence control.

The filing includes a joint filing agreement and clarifies that Goldman Sachs & Co. LLC is a subsidiary of The Goldman Sachs Group, Inc., which explains the mirrored ownership figures. The explicit statement that the securities are not held to change or influence issuer control, combined with ownership below 5%, suggests limited immediate governance impact. That said, the precise shared voting and dispositive power figures should be monitored if positions change, since aggregated affiliate holdings can become material for governance considerations.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

TRIUMPH GROUP, INC.

(Name of Issuer)

Common Stock, par value $.001 per share

(Title of Class of Securities)

896818101

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 896818101

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 3,781,112.30
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,781,152.30

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,781,197.30

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)

4.9 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 896818101

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 3,781,112.30
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,781,152.30

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,781,197.30

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)

4.9 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TRIUMPH GROUP, INC.
(b)	Address of issuer's principal executive offices: 555 E LANCASTER AVENUE, SUITE 400, RADNOR, X1,19087
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: Common Stock, par value $.001 per share
(e)	CUSIP No.: 896818101
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.
	Ownership of 5 percent or less of a class
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: Sam Prashanth
Name/Title:	Attorney-in-fact
Date:	07/17/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: Sam Prashanth
Name/Title:	Attorney-in-fact
Date:	07/17/2025

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 Common Stock, par value $.001 per share, of TRIUMPH 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: 07/17/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ Sam Prashanth ---------------------------------------- Name: Sam Prashanth Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Sam Prashanth ---------------------------------------- Name: Sam Prashanth 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.

FAQ

How many Triumph Group (TGI) shares does Goldman Sachs report beneficially owning?

The filing reports 3,781,197.30 shares beneficially owned by the reporting persons.

What percentage of Triumph Group does this stake represent?

The aggregate amount represents 4.9% of the outstanding class according to the filing.

Does Goldman Sachs claim voting or dispositive control over these shares?

The filing shows no sole voting or dispositive power; instead it reports shared voting power of 3,781,112.30 and shared dispositive power of 3,781,152.30.

Is this filing an indication Goldman Sachs seeks to influence Triumph's control?

No; the filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control.

Which Goldman Sachs entities filed this Schedule 13G?

The filers are The Goldman Sachs Group, Inc. and its affiliate Goldman Sachs & Co. LLC, with a joint filing agreement.