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

Reporting relationship: 10%+ Owner
Issuer ticker: BACQ
Reported as of: 28 Nov 2025
Net transaction value: -$5,934
SEC form: 4
Accepted by SEC: 26 Feb 2026, 18:01:08 UTC
Prior SEC filing: 03 Feb 2026
Next SEC filing: 02 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Crystal Orgill, Attorney-in-fact

Key filing fact

GOLDMAN SACHS GROUP INC filed Form 4 for INFLECTION POINT ACQUISITION CORP. IV (BACQ) on 26 Feb 2026.

Key facts

This page summarizes GOLDMAN SACHS GROUP INC's Form 4 filing for INFLECTION POINT ACQUISITION CORP. IV (BACQ).
30 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 26 Feb 2026, 18:01.

Change

Previous filing in this sequence was filed on 03 Feb 2026.
Current net transaction value: -$5,934.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (2)

CIK 0000886982 Primary reporting owner

GOLDMAN SACHS GROUP INC

Relationship: 10%+ Owner
Address: 200 WEST STREET, NEW YORK
Signature: /s/ Crystal Orgill, Attorney-in-fact
Signature date: 26 Feb 2026

CIK 0000042352

GOLDMAN SACHS & CO. LLC

Relationship: 10%+ Owner
Address: 200 WEST STREET, NEW YORK
Signature: /s/ Crystal Orgill, Attorney-in-fact
Signature date: 26 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $10.74
Shares: -1
Change %: -0%
Price: $10.74
Shares after: 2,833,419
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $10.74
Shares: -1
Change %: -0%
Price: $10.74
Shares after: 2,833,418
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $139
Shares: -13
Change %: -0%
Price: $10.73
Shares after: 2,833,405
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $42.92
Shares: -4
Change %: -0%
Price: $10.73
Shares after: 2,833,401
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $21.46
Shares: -2
Change %: -0%
Price: $10.73
Shares after: 2,833,399
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $172
Shares: -16
Change %: -0%
Price: $10.73
Shares after: 2,833,383
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $32.16
Shares: -3
Change %: -0%
Price: $10.72
Shares after: 2,833,380
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $42.88
Shares: -4
Change %: -0%
Price: $10.72
Shares after: 2,833,376
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $21.4
Shares: -2
Change %: -0%
Price: $10.70
Shares after: 2,833,374
Date: 28 Nov 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $154
Shares: +14
Change %: +0%
Price: $11.00
Shares after: 3,286,228
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $154
Shares: +14
Change %: +0%
Price: $11.00
Shares after: 3,286,242
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $15,822
Shares: +1,465
Change %: +0.04%
Price: $10.80
Shares after: 3,287,707
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $16,200
Shares: +1,500
Change %: +0.05%
Price: $10.80
Shares after: 3,289,207
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $4,866
Shares: +451
Change %: +0.01%
Price: $10.79
Shares after: 3,289,658
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $5,355
Shares: +500
Change %: +0.02%
Price: $10.71
Shares after: 3,290,158
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $154
Shares: -14
Change %: -0%
Price: $11.00
Shares after: 3,290,144
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $35,706
Shares: -3,300
Change %: -0.1%
Price: $10.82
Shares after: 3,286,844
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $6,798
Shares: -630
Change %: -0.02%
Price: $10.79
Shares after: 3,286,214
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $5,355
Shares: -500
Change %: -0.02%
Price: $10.71
Shares after: 3,285,714
Date: 05 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $2,750
Shares: +250
Change %: +0.01%
Price: $11.00
Shares after: 3,252,488
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $32.94
Shares: +3
Change %: +0%
Price: $10.98
Shares after: 3,252,491
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $692
Shares: +63
Change %: +0%
Price: $10.98
Shares after: 3,252,554
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $692
Shares: +63
Change %: +0%
Price: $10.98
Shares after: 3,252,617
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $693
Shares: -63
Change %: -0%
Price: $11.00
Shares after: 3,252,554
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $2,750
Shares: -250
Change %: -0.01%
Price: $11.00
Shares after: 3,252,304
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $32.94
Shares: -3
Change %: -0%
Price: $10.98
Shares after: 3,252,301
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $692
Shares: -63
Change %: -0%
Price: $10.98
Shares after: 3,252,238
Date: 08 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $21.96
Shares: +2
Change %: +0%
Price: $10.98
Shares after: 3,251,388
Date: 09 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Purchase

Transaction value: $32.85
Shares: +3
Change %: +0%
Price: $10.95
Shares after: 3,251,391
Date: 09 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

BACQ transaction

Class A Common Stock, par value $0.0001 per share

Sale

Transaction value: $32.85
Shares: -3
Change %: -0%
Price: $10.95
Shares after: 3,251,388
Date: 09 Dec 2025
Ownership: See footnotes
Footnotes: F1, F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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").

Footnote 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.

Footnote 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.

Footnote F4

The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.

SEC remarks

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