Brian J. Lee - Jan 24, 2023 Form 4 Insider Report for GOLDMAN SACHS GROUP INC (GS)

Role: Chief Risk Officer
Signature: /s/ Beverly L. O'Toole, Attorney-in-fact
Stock symbol: GS
Transactions as of: Jan 24, 2023
Transactions value $: -$1,457,660
Form type: 4
Date filed: 1/26/2023, 03:30 PM
Previous filing: Nov 16, 2022
Next filing: May 4, 2023

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		+8.57K	+62.76%		22.2K	Jan 24, 2023	Direct	F1
transaction	GS	Common Stock, par value $0.01 per share	Tax liability	-$1.46M	-4.18K	-18.78%	$349.14	18.1K	Jan 24, 2023	Direct	F2
holding	GS	Common Stock, par value $0.01 per share						18.8K	Jan 24, 2023	See footnote	F3

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		-8.57K	-100%		0	Jan 24, 2023	Common Stock, par value $0.01 per share	8.57K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On January 24, 2023, shares of the Issuer's common stock underlying Restricted Stock Units ("RSUs") that had been awarded in connection with compensation prior to 2022 were delivered to the Reporting Person without the payment of any consideration. These shares are not related to 2022 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 a trust, 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.