GOLDMAN SACHS & CO. LLC 4
4 · INFLECTION POINT ACQUISITION CORP. IV · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
BACQ: Goldman Sachs (10% Owner) Sells and Buys Shares
What Happened
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC (reported as the “Reporting Persons”), executed a series of open‑market market‑making trades in Inflection Point Acquisition Corp. IV (BACQ) between Nov 28 and Dec 9, 2025. Across those dates they disposed of 4,872 Class A shares for about $52,707 (prices roughly $10.70–$11.00) and acquired 4,328 shares for about $46,773 (prices roughly $10.71–$11.00). These transactions were reported on a Form 4 filed Feb 26, 2026. These were market‑making trades (institutional activity), not an executive buying or selling personal stock.
Key Details
- Transaction dates and price ranges: Nov 28, Dec 5, Dec 8, Dec 9, 2025; prices about $10.70–$11.00.
- Aggregate volumes: 4,872 shares sold ($52.7k) and 4,328 shares purchased ($46.8k). Net ~544 shares sold.
- Shares owned after the reported trades: not specified in the summary provided here (see the filing/exhibit for post‑trade holdings).
- Footnotes: (F2) trades were effected by Goldman Sachs acting as a market maker in the ordinary course of business; (F1) Reporting Persons disclaim beneficial ownership except to extent of pecuniary interest; (F3) any Section 16(b) profits potentially recoverable will be remitted to the issuer.
- Filing timeliness: The Form 4 was filed ~3 months after the earliest trades (reporting period 11/28/2025, filed 02/26/2026) — marked late (transactionTimeliness = 'L').
Context
- These were institutional market‑making transactions by Goldman Sachs, not an insider executive trade; such activity is routine market liquidity provision and does not necessarily signal management sentiment.
- The filing notes that on Feb 5, 2026 the Reporting Persons ceased to be a greater‑than‑10% beneficial owner of BACQ.
- Retail investors should treat market‑maker buys/sells differently from executive purchases (which can be stronger signals); for full details and exact post‑trade holdings, review the original Form 4 and Exhibit 99.1.
Insider Transaction Report
- Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.74/sh−1$11→ 2,833,419 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.74/sh−1$11→ 2,833,418 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.73/sh−13$139→ 2,833,405 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.73/sh−4$43→ 2,833,401 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.73/sh−2$21→ 2,833,399 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.73/sh−16$172→ 2,833,383 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.72/sh−3$32→ 2,833,380 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.72/sh−4$43→ 2,833,376 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-11-28$10.70/sh−2$21→ 2,833,374 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$11.00/sh+14$154→ 3,286,228 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$11.00/sh+14$154→ 3,286,242 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$10.80/sh+1,465$15,822→ 3,287,707 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$10.80/sh+1,500$16,200→ 3,289,207 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$10.79/sh+451$4,866→ 3,289,658 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$10.71/sh+500$5,355→ 3,290,158 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$11.00/sh−14$154→ 3,290,144 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$10.82/sh−3,300$35,706→ 3,286,844 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$10.79/sh−630$6,798→ 3,286,214 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-05$10.71/sh−500$5,355→ 3,285,714 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$11.00/sh+250$2,750→ 3,252,488 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$10.98/sh+3$33→ 3,252,491 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$10.98/sh+63$692→ 3,252,554 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$10.98/sh+63$692→ 3,252,617 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$11.00/sh−63$693→ 3,252,554 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$11.00/sh−250$2,750→ 3,252,304 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$10.98/sh−3$33→ 3,252,301 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-08$10.98/sh−63$692→ 3,252,238 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-09$10.98/sh+2$22→ 3,251,388 total(indirect: See footnotes) - Purchase
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-09$10.95/sh+3$33→ 3,251,391 total(indirect: See footnotes) - Sale
Class A Common Stock, par value $0.0001 per share
[F1][F2][F3][F4]2025-12-09$10.95/sh−3$33→ 3,251,388 total(indirect: See footnotes)
Footnotes (4)
- [F1]This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock").
- [F2]These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business.
- [F3]Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.
- [F4]The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.