VINIAR DAVID A 4

What Happened
David A. Viniar, a director of Goldman Sachs Group Inc. (GS), executed a large set of open‑market sales on January 16, 2026, selling a total of 64,796 shares across multiple trades at prices ranging roughly $957–$975 per share for aggregate proceeds of about $62.53 million. In the same set of transactions he also gifted 5,000 shares (no proceeds) and was granted 364 restricted stock units (RSUs) reported as a derivative award.

Key Details

• Transaction date: January 16, 2026; Form 4 filed January 21, 2026. The filing was split into two Form 4s due to EDGAR limits (see remarks).
• Sale details: 64,796 shares sold in many open‑market trades at weighted prices roughly between $957 and $975; total proceeds ≈ $62,528,398. Individual weighted averages and price ranges are provided in the footnotes.
• Gift: 5,000 shares disposed as a gift (code G) — no sale proceeds.
• Award: 364 RSUs (code A) granted; these are derivative units and, per the footnote, underlying shares will be delivered approximately 90 days after the reporting person’s retirement from the Board.
• Holdings: The filing does not state the post‑transaction beneficial ownership in this single Form 4; the report is one of two filings covering these events.
• Other notes: Some shares are held through a limited liability company (per footnote). Several footnotes list weighted average sale prices and price ranges for grouped transactions.

Context

• Sales (code S) are disposals and often reflect diversification, tax, or personal planning; gifts (G) are not a market buy/sell signal. RSU grants (A) are awards that vest/convert to shares under issuer rules — this one is tied to retirement timing.
• The filing is factual reporting of transactions; it does not explain the insider’s motivation. Retail investors should consider these data points alongside other information (company filings, public statements, and broader insider activity).