FREDMAN SHEARA J

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.

GS CAO Fredman sells 2,034 shares for $1,275,328.93; post-transaction holding 5,393 shares.

Chief Accounting Officer Sheara J Fredman executed 9 separate sales totaling 2,034 shares for $1,275,328.93 on 2025-01-21, reducing her stake from 7,427 to 5,393 shares (a -27.4% reduction in holdings). The blended average sale price of $627.01 occurred near Goldman Sachs' current trading level of $639.50, which sits at the 52-week high (+0.0% from peak); the stock has appreciated 9.7% over 30 days and 24.8% over 90 days since the sale date, suggesting the sales did not precede a decline. Across Fredman's same-ticker history at GS (5 prior sales), none of her previous 4 measurable 90-day outcomes showed negative returns—all posted gains of 9.2% to 10.0%—indicating a consistent pattern of selling into rallies rather than ahead of downturns. The substantial reduction in near-peak valuations and the lack of any well-timed directional pattern in her prior GS trades warrant monitoring to clarify whether the sale reflects portfolio rebalancing mechanics or other factors.

Chief Accounting Officer Fredman sells 2,974 GS shares for $1.8M at $594.51; post-trade holdings decline 25.9% to 8,489 shares

FREDMAN SHEARA J, Chief Accounting Officer, sold 2,974 shares of GOLDMAN SACHS GROUP INC on 2024-11-06 for $1,768,072.74, reducing holdings by 25.9% from 11,463 to 8,489 shares. The sale occurred near the 52-week high of $595.98, with the stock at $594.51. Across the insider's prior GS transactions (5 prior sells on 2024-01-23), all subsequent 90-day periods showed positive returns ranging from 9.0% to 10.0%, with a 0 out of 5 well-timed rate, indicating the insider's prior sales at this ticker have consistently missed upside. Goldman Sachs trades at a P/E of 15.19 with recent quarterly net income of $2,990,000,000.00, though annual revenue has contracted 2.4% year-over-year.