FREDMAN SHEARA J 4

What Happened

• Sheara J. Fredman, Chief Accounting Officer of Goldman Sachs (GS), was granted 4,366 restricted stock units (RSUs) on 2026-01-16. The filing reports the RSUs as a derivative award at $0.00 (no cash exchanged shown in the Form 4).
• This transaction is an equity compensation award (not an open-market purchase or sale) and therefore is generally routine compensation rather than an immediate bullish or bearish market signal.

Key Details

• Transaction date: 2026-01-16; Form 4 filed 2026-01-21 (filed 5 days after the transaction; Form 4s are typically due within two business days, so this appears later than usual).
• Reported amount: 4,366 RSUs; price reported: $0.00; reported monetary value: $0.
• Shares owned after transaction: not specified in this filing.
• Footnote: these are 2025 Year-End RSUs. Under the award terms the underlying shares will be delivered in three approximately equal installments on or about each of the first, second and third anniversaries of the grant date. Shares delivered under these RSUs generally cannot be sold or transferred for one year after delivery.

Context

• RSU grants are a common form of executive compensation to align long-term interests; they vest over time rather than representing an immediate market purchase.
• The $0.00 entry reflects that this was a grant/award (derivative) rather than a cash transaction. The actual economic value depends on Goldman Sachs’ stock price at future vesting/delivery dates.