ROGERS JOHN F.W. 4

What Happened

• John F.W. Rogers, Executive Vice President of Goldman Sachs (GS), reported multiple open-market sales on February 11, 2026. The filings show 29 separate sale lots totaling 15,855 shares disposed for aggregate proceeds of approximately $15,210,752.
• Prices ranged from roughly $950.04 to $967.91 per share (weighted-average blocks reported between $950.16 and $965.51 for specific grouped trades). These were sales (transaction code S), so this is a disposal of stock rather than a purchase.

Key Details

• Transaction date: February 11, 2026; Filing date: February 13, 2026 (filed within the SEC’s two-business-day window).
• Total shares sold: 15,855; Total proceeds: ~$15.21 million.
• Price details: individual lots reported at prices between ~$950 and ~$967.9; several weighted-average block footnotes provide price ranges for grouped trades.
• Shares owned after transaction: not specified in the provided filing details. Footnotes indicate some GS shares are held by the reporting person’s spouse (F19) and held through a trust for family members (F30), with a disclaimer of beneficial ownership for the trust.
• No 10b5-1 plan, tax-withholding sale, or other reason for the sales was identified in the filing; the Form 4 footnotes state the reporter can provide full per-price breakdowns on request.

Context

• Sales by executives can be routine (e.g., diversification or liquidity needs) and do not necessarily indicate a change in outlook; purchases are generally viewed as a stronger signal of insider conviction. This filing is informational—retail investors should use it alongside other research rather than as a stand-alone buy/sell signal.