GS FUND HOLDINGS, L.L.C. 4

What Happened GS Fund Holdings, L.L.C. (a wholly owned subsidiary of The Goldman Sachs Group, Inc. and an affiliate of the issuer's adviser) purchased 1,001,201.442 shares of Goldman Sachs Real Estate Finance Trust, Inc. on May 1, 2026. The shares were acquired at $24.97 per share for a total reported consideration of $25,000,000. This was a purchase (filing code P), which is generally viewed as a positive/accumulative trade rather than a disposition.

Key Details

• Transaction date: 2026-05-01; Price: $24.97 per share; Shares: 1,001,201.442; Total value: $25,000,000 (rounded).
• Transaction type: Purchase (open market or private purchase, reported as "P").
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote/remark: GS Fund Holdings states it "does not concede that it is subject to Section 16" of the Securities Exchange Act with respect to the issuer. The entity is an affiliate of the issuer's adviser and a wholly owned subsidiary of The Goldman Sachs Group, Inc.
• Filing timing: Report filed 2026-05-07 for a 2026-05-01 transaction (filed six days after the trade); this is later than the two-business-day Form 4 deadline that applies to Section 16 insiders. The filer’s remark indicates it contests applicability of Section 16.

Context This is an institutional/affiliate purchase by a Goldman Sachs subsidiary (not an individual executive). Such purchases by an adviser-affiliate can reflect portfolio or balance-sheet activity and are not the same as a company officer signaling personal conviction. The filing’s disclaimer about Section 16 status and the later filing date are notable — the entity voluntarily reported the purchase but states it does not concede insider reporting obligations under Section 16.