GOLDMAN SACHS GROUP INC - 28 Nov 2025 Form 4 Insider Report for INFLECTION POINT ACQUISITION CORP. IV (BACQ)

Role
10%+ Owner
Signature
/s/ Crystal Orgill, Attorney-in-fact
Issuer symbol
BACQ
Transactions as of
28 Nov 2025
Net transactions value
-$5,934
Form type
4
Filing time
26 Feb 2026, 18:01:08 UTC
Previous filing
03 Feb 2026
Next filing
02 Feb 2026
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
GOLDMAN SACHS GROUP INC 10%+ Owner 200 WEST STREET, NEW YORK /s/ Crystal Orgill, Attorney-in-fact 26 Feb 2026 0000886982
GOLDMAN SACHS & CO. LLC 10%+ Owner 200 WEST STREET, NEW YORK /s/ Crystal Orgill, Attorney-in-fact 26 Feb 2026 0000042352

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $10.74 -1 -0% $10.74 2,833,419 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $10.74 -1 -0% $10.74 2,833,418 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $139 -13 -0% $10.73 2,833,405 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $42.92 -4 -0% $10.73 2,833,401 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $21.46 -2 -0% $10.73 2,833,399 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $172 -16 -0% $10.73 2,833,383 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $32.16 -3 -0% $10.72 2,833,380 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $42.88 -4 -0% $10.72 2,833,376 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $21.4 -2 -0% $10.70 2,833,374 28 Nov 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $154 +14 +0% $11.00 3,286,228 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $154 +14 +0% $11.00 3,286,242 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $15,822 +1,465 +0.04% $10.80 3,287,707 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $16,200 +1,500 +0.05% $10.80 3,289,207 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $4,866 +451 +0.01% $10.79 3,289,658 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $5,355 +500 +0.02% $10.71 3,290,158 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $154 -14 -0% $11.00 3,290,144 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $35,706 -3,300 -0.1% $10.82 3,286,844 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $6,798 -630 -0.02% $10.79 3,286,214 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $5,355 -500 -0.02% $10.71 3,285,714 05 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $2,750 +250 +0.01% $11.00 3,252,488 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $32.94 +3 +0% $10.98 3,252,491 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $692 +63 +0% $10.98 3,252,554 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $692 +63 +0% $10.98 3,252,617 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $693 -63 -0% $11.00 3,252,554 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $2,750 -250 -0.01% $11.00 3,252,304 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $32.94 -3 -0% $10.98 3,252,301 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $692 -63 -0% $10.98 3,252,238 08 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $21.96 +2 +0% $10.98 3,251,388 09 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Purchase $32.85 +3 +0% $10.95 3,251,391 09 Dec 2025 See footnotes F1, F2, F3, F4
transaction BACQ Class A Common Stock, par value $0.0001 per share Sale $32.85 -3 -0% $10.95 3,251,388 09 Dec 2025 See footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock").
F2 These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business.
F3 Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.
F4 The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.

Remarks:

Balance of trades included in attached schedule. (See Exhibit 99.1)