Form 4: Goldman Sachs CFO Sells Shares Worth Millions

Goldman Sachs Group Inc. Chief Financial Officer Denis P. Coleman sold a significant number of company shares in multiple transactions on May 14, 2026.

Summary

• Denis P. Coleman, Chief Financial Officer of Goldman Sachs Group Inc. (GS), reported the sale of common stock on May 14, 2026.
• The sales occurred at weighted average prices ranging from $972.29 to $975.21 per share.
• A total of 6,757 shares were sold directly, with a combined value of approximately $6.5 million based on the reported weighted average prices.
• Following these transactions, Coleman directly beneficially owns 31,070 shares.
• An additional 4,232 shares are held indirectly through trusts for the benefit of immediate family members, for which Coleman disclaims beneficial ownership.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the significant sale of shares by the CFO, although the possibility of a pre-arranged plan mitigates a stronger negative sentiment.

Negatives

• The Chief Financial Officer sold a substantial amount of company stock, which could be perceived negatively by the market.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports on past transactions.

Industry Context

StockSavvy.ai notes that insider selling, particularly by a Chief Financial Officer, is a common event that investors closely monitor. While such sales can sometimes signal a lack of confidence, they can also be part of pre-planned diversification or liquidity strategies, especially when executed under a Rule 10b5-1 trading plan, which is indicated as a possibility by the checkbox on the form.

Stakeholder Impact

• Shareholders may interpret the CFO's stock sale as a potential negative signal, possibly leading to short-term price pressure.
• The sale does not directly impact employees, customers, suppliers, or creditors, as it pertains to personal holdings of an executive.

Key Dates

Recommendation

The filing reports an insider sale by the CFO, which is a common event. While it can be a negative signal, the absence of other negative news and the potential for a pre-arranged trading plan suggest a 'hold' recommendation, pending further analysis of the company's overall performance and market conditions.

Keywords

Goldman Sachs, GS, Form 4, Insider Trading, Stock Sale, Denis P. Coleman, CFO, Securities and Exchange Commission