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GS GOLDMAN SACHS GROUP INC Insider Trading

Latest: CFO Sold $6.7M of Shares · May 2026

Multiple insiders have been active at GOLDMAN SACHS GROUP INC (GS): 14 distinct insiders account for 3 buy filings and 37 sell filings as of May 2026. Its highest-significance filing in the last 90 days: CFO Denis P. Coleman sold $6.7M, transaction dated May 2026.

40 filings analyzed · Latest 2026-05-18

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Buys
3
Sells
37
Insiders
14
Direction
Net selling

GOLDMAN SACHS GROUP INC leadership

COO
John Waldron — President and Chief Operating Officer
General Counsel
Kathryn Ruemmler — Chief Legal Officer and General Counsel
Chair
David Solomon — Chairman and Chief Executive Officer

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

May 2026
2026-05-18
medium
Chief Financial Officer
6,857 shares
$6,675,613
@ $973.55
Significance 6

CFO Denis P. Coleman sells 6,857 shares of GS for $6,675,612.69 across 4 transactions on 2026-05-14.

Denis P. Coleman, Chief Financial Officer of Goldman Sachs Group Inc, executed 4 separate sales totaling 6,857 shares for $6,675,612.69 on 2026-05-14, reducing his holdings by 18.1% from 37,927 to 31,070 shares. The blended average price was $973.55, occurring near the 52-week high of $984.70 and above the current price of $946.27. His prior trades at GS show a 5 of 5 well-timed pattern at the 90-day mark, with each of the five prior 2026-02-09 sells registering negative 90-day returns (ranging from -0.4% to -0.9%), suggesting a consistent historical pattern of selling before near-term declines at this ticker. The current filing's sale timing—near peak valuation and at prices well above today's market level—aligns with that observed historical tendency, though this specific transaction's forward outcomes remain to be determined.

2026-05-08
medium
Chief Legal Officer, GC
14,292 shares
$13,421,235
@ $939.07
Significance 5

GS Chief Legal Officer Kathryn Ruemmler sells 14,292 shares for $13.4M in largest single-date transaction, extending pattern of consistent exits.

Kathryn Ruemmler, Goldman Sachs' Chief Legal Officer, conducted a substantial liquidation on a single trading day, offloading over 14,000 shares valued at approximately $13.4 million—her largest single-date transaction on record. The sales occurred across nine separate trades throughout the day, with prices ranging across a narrow band, suggesting coordinated execution rather than reactive selling. Notably, this represents her sixth sale at Goldman Sachs in the past four months; her previous five sales at this ticker were all well-timed, with the stock declining after each exit, indicating a consistent pattern of exiting before downturns. The stock currently trades modestly below its recent highs and has been essentially flat over a longer horizon, placing this sale within a period of consolidation rather than dramatic weakness. Goldman Sachs remains a profitable, well-capitalized financial institution, but Ruemmler's sustained and methodical selling—combined with her track record of well-timed exits at this company—suggests a deliberate reduction in her equity exposure to the firm.

2026-05-05
medium
Chairman of the Board and CEO
3,470 shares
$3,229,543
@ $930.70
Significance 4

Goldman Sachs CEO David Solomon sells $3.2M in stock at modest discount to recent highs

CEO David Solomon executed two sales totaling approximately $3.2 million, representing modest reductions of less than two percent of his holdings. The stock has appreciated meaningfully over the past month but remains several percentage points below its recent peak, suggesting Solomon is selling into relative strength rather than panic. Goldman Sachs remains financially healthy with substantial quarterly earnings and a reasonable valuation multiple, which contextualizes this sale as portfolio management rather than a distress signal. However, CEO-level selling warrants monitoring—even routine rebalancing from the chief executive can signal a shift from accumulation to pruning, particularly when the stock is trading below its highs. The relatively small position reduction and lack of aggressive selling suggests no urgent concern, but the cumulative sales are large enough to register on the filing thresholds.

2026-05-05
low
Chief Legal Officer, GC
683 shares
$634,927
@ $929.61
Significance 4

Chief Legal Officer of Goldman Sachs sells ~683 shares worth ~$635K in three tranched transactions on same day.

Kathryn Ruemmler, GS's Chief Legal Officer, conducted three separate stock sales on the same day totaling roughly $635,000 across less than 700 shares—a routine portfolio rebalancing for a senior executive. The company remains solidly profitable with strong quarterly earnings, and the stock is trading modestly below its recent highs after a mild pullback over the past quarter. Ruemmler's sales are small relative to her total holdings (each individual sale represented less than 2% of her stake), suggesting routine wealth diversification rather than urgent conviction about future weakness. The tranched execution style is typical for officers managing disclosure and avoiding the appearance of coordinated selling. Without evidence of related executive trades or material deterioration in fundamentals, this appears to be isolated portfolio management activity rather than a meaningful warning signal.

April 2026
2026-04-21
medium
CHIEF RISK OFFICER
1,115 shares
$1,024,895
@ $919.19
Significance 5

GS Chief Risk Officer Alex Golten sold 1.1K shares for $1.0M at blended $919.19; holds 3.7K shares post-transaction.

Alex Golten, Chief Risk Officer at Goldman Sachs, executed 2 separate sales totaling 1,115 shares for $1,024,894.80 at an average price of $919.19 on April 17, 2026, reducing his holdings by 23.2% to 3,694 shares. His cross-ticker track record shows a 90-day well-timed rate of 100.00% across 7 prior sells (avg 90d return −14.1%), though at GS specifically, his 5 prior trades in February 2026 showed consistent negative 30-day returns (−11.7% to −12.2%) with no measurable 90-day outcomes yet. The stock currently trades at $926.55, near its 52-week high of $975.86, having gained 13.9% over 30 days despite the insider's sale. The CRO's discretionary liquidation of a material stake warrants monitoring given his formal risk oversight role, though the lack of measurable pattern at this specific ticker limits inference about forward guidance.

February 2026
2026-02-13
high
Executive Vice President
15,855 shares
$15,210,754
@ $959.37
Significance 6

EVP Rogers sells 15,855 shares at $959.37 avg for $15.2M, reducing GS holdings by 62.7%

John F.W. Rogers, EVP at Goldman Sachs, executed 29 separate sales on 2026-02-11 totaling 15,855 shares for $15,210,753.77, with a blended average price of $959.37. This sale reduced his holdings from 25,283 shares to 9,428 shares, a 62.7% reduction. The current stock price of $905.14 is 7.2% below the 52-week high of $975.86 and Rogers' transaction prices ranged from $950.16 to $967.82, placing the trades near the high end of recent trading levels. His prior five trades at Goldman Sachs (July and November 2025) all posted positive 90-day returns, indicating a pattern of poorly-timed sell decisions at that ticker—the stock has historically risen after his prior sales. With Goldman Sachs showing strong fundamentals (P/E 16.29, +15.7% annual revenue growth, $4.1B net income), the timing and scale of this 62.7% position reduction warrant investor attention to determine if this signals liquidity needs, portfolio rebalancing, or other considerations.

2026-02-11
medium
Chief Financial Officer
11,623 shares
$10,943,892
@ $941.57
Significance 4

CFO Denis Coleman sold 11,623 shares of GS for $10.9M on 2026-02-09 at blended average $941.57, reducing stake 28.4%

CFO Denis Coleman executed 12 separate sales totaling 11,623 shares for $10,943,891.61 on 2026-02-09 at prices ranging from $933.38 to $945.40, bringing his post-transaction holdings to 29,342 shares. This represents a 28.4% reduction in his GS holdings relative to the pre-transaction level of 40,965 shares. The stock currently trades at $944.59, near the transaction prices, and is -3.2% from its 52-week high of $975.86. Across his prior 5 GS sales, his 90-day returns averaged +6.1% (well-timed rate of 0.00%), meaning the stock generally continued rising after his sales; this current sale's timing relative to future price action is not yet observable. Goldman Sachs fundamentals remain strong with $15.2B quarterly revenue, $4.1B net income, and 15.7% annual revenue growth, with a P/E of 17.00.

2026-02-11
high
CHIEF RISK OFFICER
2,292 shares
$2,143,045
@ $935.01
Significance 6

Goldman Sachs CRO Alex Golten sells entire 2,292-share stake for $2,143,044.67 on 2026-02-09

Alex Golten, Chief Risk Officer of Goldman Sachs Group Inc, executed 5 separate sales on 2026-02-09 totaling 2,292 shares (2.3K shares) for $2,143,044.67 ($2.1M), reducing his holdings to zero post-transaction. The blended average price across the five transactions was $935.01, just 1.0% below the current price of $944.59. Across his cross-ticker track record, Golten's 2 prior sells averaged a 90-day return of -14.1% with a 100.00% well-timed rate, and his 2 prior trades at Goldman Sachs (both on 2025-01-28) exhibited 90-day declines of -14.0% and -14.2%—establishing a historical pattern of selling before subsequent downturns. However, the current 30-day and 90-day price changes at GS are -0.5% and +17.3% respectively, suggesting the stock has not yet replicated the pattern observed in his prior two insider sales at this ticker.

January 2026
2026-01-29
medium
Global Treasurer
2,846 shares
$2,638,717
@ $927.17
Significance 5

GS Global Treasurer sells 2,846 shares for $2,638,716.62 across 12 transactions on 2026-01-27.

Halio Carey, Global Treasurer at Goldman Sachs Group Inc, executed 12 separate sales totaling 2,846 shares for $2,638,716.62 on 2026-01-27, reducing holdings by 58.5% (from 4,863 to 2,017 shares). The transaction occurred at a blended average price of $927.17, well below the current price of $940.12 and within 3.7% of the 52-week high of $975.86. Carey's cross-ticker track record shows strong timing discipline with a 100.00% well-timed rate on prior sells and an average 90-day return of -17.7%, indicating a pattern of selling before declines; however, all 5 of his prior transactions at GS on 2026-01-23 remain without measurable outcomes. The magnitude of this stake reduction—liquidating more than half of holdings in a single day—combined with the sustained uptrend (30-day and 90-day gains of 6.3% and 19.1% respectively) warrants attention, particularly given the insider's demonstrated market timing acumen on a broad cross-ticker basis.

2026-01-27
high
Chief Accounting Officer
4,863 shares
$4,492,189
@ $923.75
Significance 6

Goldman Sachs CAO Fredman sells 4,863 shares for $4.5M in 18 transactions; reduces stake 32.1%

On 2026-01-23, Chief Accounting Officer Sheara J. Fredman executed 18 separate sales totaling 4,863 shares (4.9K shares) for $4,492,188.56 ($4.5M), with a blended average price of $923.75, reducing post-transaction holdings to 10,301 shares (10.3K shares) from a pre-transaction 15,164 shares (15.2K shares) — a net reduction of 32.1% of prior holdings. The multi-tranche structure executed across a narrow price range ($917.88–$935.96) suggests a programmatic liquidation rather than reactive response to market conditions. Fredman's prior sales at GS show a 5 of 5 well-timed record at the 90-day horizon, with prior trades uniformly generating negative 90-day returns (-21.1%, -19.5%, -19.7%, -20.1%, -20.3%), though those prior transactions occurred exactly one year prior on 2025-01-21. The current stock price of $929.72 sits 4.7% below the 52-week high of $975.86, and GS trades at a P/E of 16.73 with strong recent momentum: +2.5% over 30 days and +18.7% over 90 days. This large concentrated disposal by a CAO warrants scrutiny regarding motivation and timing context, though no forward guidance or structural changes are evident in the FACTS provided.

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