Philip R. Berlinski - 25 Jan 2022 Form 4 Insider Report for GOLDMAN SACHS GROUP INC (GS)

Role: Global Treasurer
Signature: /s/ Beverly L. O'Toole, Attorney-in-fact
Issuer symbol: GS
Transactions as of: 25 Jan 2022
Transactions value $: -$3,776,947
Form type: 4
Filing time: 27 Jan 2022, 15:30:09
Previous filing: 08 Oct 2021
Next filing: 28 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GS	Common Stock, par value $0.01 per share	Options Exercise		+23.9K	+150.23%		39.7K	25 Jan 2022	Direct	F1
transaction	GS	Common Stock, par value $0.01 per share	Tax liability	-$3.78M	-11K	-27.68%	$343.39	28.7K	25 Jan 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GS	Restricted Stock Units	Options Exercise		-23.9K	-100%		0	25 Jan 2022	Common Stock, par value $0.01 per share	23.9K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 25, 2022, shares of the Issuer's common stock underlying Restricted Stock Units ("RSUs") that had been awarded in connection with compensation for years prior to 2021 were delivered to the Reporting Person without the payment of any consideration. These shares are not related to 2021 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.