Exercise4

GOLDMAN SACHS GROUP INC

Total Value

$9.0M

Filing Date

Oct 27, 2026

1 transactions

Trade Summary

On Oct 23, 2026, FREDMAN SHEARA J, Chief Accounting Officer, reported $9.0M of GOLDMAN SACHS GROUP INC (GS) across 1 transactions. The filing covers Common Stock, par value $0.01 per share and reflects balanced net activity of $0. Reported prices ranged from $891.30. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.

Insider Information

Name: FREDMAN SHEARA J
Role: Chief Accounting Officer
Location: NEW YORK, NY

Filing Details

Filing Date: Oct 27, 2026
Transaction Date: Oct 23, 2026
Accession Number: 0001792653-26-000014
Form Type: 4

Non-Derivative Transactions

Date	Security	Shares	Price	Type	Value
Oct 23, 2026	Common Stock, par value $0.01 per share	18,317	—	Exercise	—
Oct 23, 2026	Common Stock, par value $0.01 per share	10,130	$891.30	Tax Withholding	$9.0M

Derivative Transactions

Date	Security	Shares	Exercise Price	Type	Value
Oct 23, 2026	GS derivative	18,317	—	Exercise	—

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Footnotes

(F1)On October 23, 2026, shares of the Issuer's common stock underlying a Shareholder Value Creation Award ("SVC Award"), originally granted in January 2022 in the form of performance-based restricted stock units, were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before October 2027. The delivery reflects the maximum (150%) achievement of pre-established absolute and relative total shareholder return-based performance goals set forth in the SVC Award.
(F2)Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the performance-based restricted stock units described in footnote 1 above.

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^*

FREDMAN SHEARA J

(Last)

(First)

(Middle)

C/O GOLDMAN SACHS & CO. LLC

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

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

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 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	10/23/2026		M		18,317⁽¹⁾	A	⁽¹⁾	24,655	D
Common Stock, par value $0.01 per share	10/23/2026		F⁽²⁾		10,130	D⁽²⁾	$891.3	14,525	D

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)
Performance-based Restricted Stock Units	⁽¹⁾	10/23/2026		M			18,317	⁽¹⁾	⁽¹⁾	Common Stock, par value $0.01 per share	18,317	⁽¹⁾	0	D

Explanation of Responses:

1. On October 23, 2026, shares of the Issuer's common stock underlying a Shareholder Value Creation Award ("SVC Award"), originally granted in January 2022 in the form of performance-based restricted stock units, were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before October 2027. The delivery reflects the maximum (150%) achievement of pre-established absolute and relative total shareholder return-based performance goals set forth in the SVC Award.

2. Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the performance-based restricted stock units described in footnote 1 above.

Remarks:

	/s/ Jamie A. Greenberg, Attorney-in-fact	10/27/2026
	** 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 as rendered by the SEC from accession 0001792653-26-000014.

GOLDMAN SACHS GROUP INC

Trade Summary

Company Information

Insider Information

Filing Details

Non-Derivative Transactions

Derivative Transactions

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Footnotes

SEC Form 4

SEC Filing

SEC Form 4