GOLTEN ALEX S 4

4 · GOLDMAN SACHS GROUP INC · Filed Jan 27, 2026

AI-generated summary of this filing

Updated Jan 27, 2026

Goldman Sachs CRO Alex Golten Exercises RSUs, Withheld Shares Sold

What Happened

Alex S. Golten, Chief Risk Officer of Goldman Sachs (GS), had Restricted Stock Units (RSUs) convert into 5,482 shares on January 23, 2026. Of those shares, 2,904 were withheld to satisfy tax withholding obligations, yielding $2,772,304. The RSU shares were delivered without payment and are not related to 2025 compensation.

Key Details

Transaction date: 2026-01-23 (Form 4 filed 2026-01-27 — filing occurred 4 days after the transaction).
Conversion: 5,482 shares issued upon RSU conversion (derivative code M).
Tax withholding: 2,904 shares withheld/disposed at $954.65 per share for tax payment = $2,772,304 (code F).
Net shares delivered to Golten: 5,482 − 2,904 = 2,578 shares retained.
Shares owned after transaction: Not specified in the provided Form 4.
Footnotes: F1 — shares came from RSUs awarded prior to 2025 and were delivered without consideration; F2 — withheld shares used to satisfy withholding; F3 — some shares are held in trusts for which the reporting person disclaims beneficial ownership.

Context

This was a conversion/delivery of RSUs, not an open-market purchase or voluntary sale. Withholding shares to cover tax is a common administrative step (cashless/net settlement) and does not necessarily signal a change in the insider’s view of the company. The filing was submitted several days after the transaction, which reduces the timeliness of the disclosure for investors.

Form 4

Period: 2026-01-23

CHIEF RISK OFFICER

Transactions

Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]
2026-01-23+5,482→ 8,913 total
Tax Payment
Common Stock, par value $0.01 per share
[F2]
2026-01-23$954.65/sh−2,904$2,772,304→ 6,009 total
Exercise/Conversion
Restricted Stock Units
[F1]
2026-01-23−5,482→ 0 total
→ Common Stock, par value $0.01 per share (5,482 underlying)

Holdings

Footnotes (3)

[F1]On January 23, 2026, shares of the Issuer's common stock underlying Restricted Stock Units ("RSUs") that had been awarded in connection with compensation prior to 2025 were delivered to the Reporting Person without the payment of any consideration. These shares are not related to 2025 compensation.
[F2]Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the RSUs described in footnote 1 above.
[F3]Held through trusts, the sole trustee of which is the Reporting Person's spouse and the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Signature

/s/ Jamie A. Greenberg, Attorney-in-fact|2026-01-27

1 file