COLEMAN DENIS P. 4

What Happened

• Denis P. Coleman, CFO of Goldman Sachs Group Inc., had 19,206 shares of common stock delivered on April 28, 2026 upon conversion/vesting of performance-based restricted stock units (PSUs). No cash was paid for these shares. To satisfy tax withholding, 10,621 of those shares were withheld and valued at $937.81 per share, totaling $9,960,480. Net shares delivered to Coleman after withholding were 8,585 (19,206 − 10,621). The filing also shows the derivative/award conversion related to the PSUs.

Key Details

• Transaction date: April 28, 2026; Form filed Apr 30, 2026 (timely).
• Award/conversion: 19,206 shares delivered from PSUs (coded M — exercise/conversion of derivative).
• Tax withholding: 10,621 shares withheld (coded F) at $937.81/share, proceeds/value $9,960,480.
• Net shares retained by insider: 8,585 shares (after withholding).
• Restriction: Shares delivered under the PSU generally cannot be sold or transferred before January 2027 (per filing footnote).
• Holdings note: Some shares are held through trusts for immediate family members; the reporting person disclaims beneficial ownership of those trust-held shares (footnote).

Context

• This was a compensation vesting/delivery event (PSUs), not an open-market purchase or an indicative sale of holdings. The tax-withholding (share surrender) is a routine administrative step to satisfy withholding obligations and does not by itself indicate the insider's view on the stock. The filing shows conversion of a derivative award into common stock and the related withholding; it is common for companies to withhold shares rather than require cash payment for taxes.