JOHNSON KEVIN R 4

What Happened Kevin R. Johnson, a director of Goldman Sachs Group Inc. (GS), was granted 403 restricted stock units (RSUs) on January 16, 2026. The reported acquisition price is $0.00, so no cash was paid; this was reported on a Form 4 filed January 21, 2026. The award is a derivative grant (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-16; Transaction type: A (award/grant); Amount: 403 RSUs; Price: $0.00 (derivative acquisition).
• Filing date: 2026-01-21 (timely under the two-business-day Form 4 rule given the Jan 19 federal holiday).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The RSUs represent the reporting person's 2025 annual board grant and fourth-quarter 2025 retainers for service on the Issuer’s Board and the Goldman Sachs Bank USA board. Under the footnote, the shares underlying these RSUs will be delivered approximately 90 days after the reporting person’s retirement from the relevant board(s).

Context

• This is an award/compensation grant (a derivative RSU grant), which is routine for board service and does not represent an immediate market purchase or sale. The underlying common shares are deferred and will be issued per the retirement timing described in the footnote.