SCHEDULE: Goldman Sachs Files Schedule 13G for Merlin, Inc.

Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC have filed an amended Schedule 13G, reporting no beneficial ownership of Merlin, Inc. Class A ordinary shares as of March 31, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership reporting for Merlin, Inc. securities.
• The reporting persons are The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC.
• The filing pertains to Class A ordinary shares of Merlin, Inc.
• As of March 31, 2026, both The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report 0.00 shares beneficially owned, representing 0.0% of the class.
• Goldman Sachs & Co. LLC is identified as a broker-dealer, an investment adviser, and an options/futures commission merchant.
• The Goldman Sachs Group, Inc. is identified as a holding company.
• A joint filing agreement is in place between The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC.
• Powers of Attorney have been granted to various individuals to execute and deliver required filings on behalf of The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, with an expiration date of July 16, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a routine regulatory disclosure indicating no significant beneficial ownership by Goldman Sachs, which neither strongly supports nor detracts from the company's investment profile on its own.

Positives

• The filing confirms that Goldman Sachs entities do not hold a significant beneficial ownership stake in Merlin, Inc., which can be viewed positively by investors seeking to understand the shareholder base.
• The clear reporting and adherence to SEC regulations demonstrate compliance and transparency from Goldman Sachs.

Negatives

• The filing indicates a complete absence of beneficial ownership by Goldman Sachs entities, which could imply a lack of investment interest or a divestment from Merlin, Inc. securities.

Risks

• The absence of beneficial ownership by a major financial institution like Goldman Sachs could be interpreted by the market as a negative signal regarding the company's prospects or investment attractiveness.
• The powers of attorney granted have specific expiration dates (July 16, 2026), requiring timely renewals or updates to ensure continuous compliance for future filings.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from Merlin, Inc. It is a disclosure of beneficial ownership by Goldman Sachs entities.

Management Comments

• "In accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, "GSG")."
• "This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release."
• "The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for institutional investors and entities that acquire beneficial ownership of more than 5% of a class of a company's registered equity securities. This particular filing indicates that Goldman Sachs entities, despite their broad market activities, do not currently hold a reportable beneficial ownership stake in Merlin, Inc.

Stakeholder Impact

• Shareholders: The lack of significant beneficial ownership by a major institution like Goldman Sachs may influence perceptions of institutional support or interest in Merlin, Inc.

Next Steps

• Merlin, Inc. may need to monitor future filings to understand any changes in significant beneficial ownership.
• Goldman Sachs entities will need to ensure timely renewal or revocation of their Powers of Attorney before July 16, 2026, to maintain compliance for ongoing reporting obligations.

Key Dates

Keywords

Schedule 13G, Merlin Inc, Goldman Sachs, Beneficial Ownership, SEC Filing, Amendment, Class A Ordinary Shares, Broker-Dealer, Investment Adviser, Holding Company