Every officer and director reconciles for this period.
External context: we only cite outside events when a documented connection exists. None is shown for this period.
What stands out
Nine insiders sold $149M with no disclosed plan: David Viniar ($65.8M, 8.6% of holdings), Kathryn Ruemmler ($23.0M) and Denis Coleman ($17.6M), plus 6 more. The filings don't state a reason.David Viniar: largest such sale, Jan 16, 2026 · Kathryn Ruemmler: largest such sale, May 6, 2026 · Denis Coleman: largest such sale, Feb 9, 2026
David Solomon sold 3.7K shares (2.6% of starting holdings), but 34K more vested, so the stake grew (from 142K to 153K).Largest sale, May 1, 2026
Percentages cover 9 of 21 officers and directors. 12 are left out Disclosed company stock is not an insider's whole wealth.i
Left out: Kathryn Ruemmler, Denis Coleman, Sheara Fredman, Carey Halio and Alex Golten (most of their shares vested during the period, so a percentage would mislead); Lakshmi Mittal and Peter Oppenheimer (most holdings were last confirmed in 2014); Michele Burns, Ellen Kullman, Jan Tighe, Kimberley Harris and Kathleen McClure (held no vested shares at the start).
Who sold, and how much of their stake
Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.
SoldRest of starting stake
David Viniar
Director
8.6% · $65.8MNo plan disclosed
Kathryn Ruemmler
Chief Legal Officer, GC
Sold $23.0M (plan status beside the amount). That is 61% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$23.0MNo plan disclosed
Denis Coleman
Chief Financial Officer
Sold $17.6M (plan status beside the amount). That is 34% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$17.6MNo plan disclosed
John Rogers
Executive Vice President
15% · $15.2MNo plan disclosed
Sheara Fredman
Chief Accounting Officer
Sold $14.1M (plan status beside the amount). That is 69% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$14.1MNo plan disclosed
Selling by month
Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.
No plan disclosedOne dollar scale for every month; the tallest bar is labeled
Common questions
Is the Goldman Sachs CEO selling stock?
Yes. David Solomon sold 3.7K shares ($3.5M, 2.6% of starting holdings) in the past 12 months, none of it under a trading plan disclosed in the filings.
Why are Goldman Sachs insiders selling?
Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.
Are any Goldman Sachs insiders buying?
No. Officers and directors reported no purchases in the past 12 months.
How much of their stake did Goldman Sachs insiders sell?
About 6.6% overall. As a group they still hold 96% of their starting shares. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.
The evidence
Who sold9 officers and directors: amount, % of holdings, trading plan
| Who sold | Amount | % of holdings | Trading plan |
|---|---|---|---|
| David Viniar Director | $65.8M 68K shares | 8.6% | No plan disclosed |
| Kathryn Ruemmler Chief Legal Officer, GC | $23.0M 25K shares | 61%†i† Most of the shares Kathryn Ruemmler sold arrived during the period, so this is shares sold as a share of the 28K held at the start plus the 27K received, less 15K withheld by the company for taxes. | No plan disclosed |
| Denis Coleman Chief Financial Officer | $17.6M 18K shares | 34%†i† Most of the shares Denis Coleman sold arrived during the period, so this is shares sold as a share of the 23K held at the start plus the 57K received, less 26K withheld by the company for taxes. | No plan disclosed |
| John Rogers Executive Vice President | $15.2M 16K shares | 15% | No plan disclosed |
| Sheara Fredman Chief Accounting Officer | $14.1M 15K shares | 69%†i† Most of the shares Sheara Fredman sold arrived during the period, so this is shares sold as a share of the 16K held at the start plus the 14K received, less 7.8K withheld by the company for taxes. | No plan disclosed |
| Carey Halio Global Treasurer | $4.3M 4.6K shares | 70%†i† Most of the shares Carey Halio sold arrived during the period, so this is shares sold as a share of the 4.6K held at the start plus the 4K received, less 2K withheld by the company for taxes. | No plan disclosed |
| Alex Golten Chief Risk Officer | $4.2M 4.5K shares | 64%†i† Most of the shares Alex Golten sold arrived during the period, so this is shares sold as a share of the 4.5K held at the start plus the 5.5K received, less 2.9K withheld by the company for taxes. | No plan disclosed |
| David Solomon Chairman of the Board and CEO, Director | $3.5M 3.7K shares | 2.6% | No plan disclosed |
| Ericka Leslie Chief Administrative Officer | $1.1M 1K shares | 8.5% | No plan disclosed |
The full ownership picture21 of 21 insiders fully reconciled · 14 officers and directors
Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.
| Insider | Held Oct 9, 2025 | Sold | Held Oct 9, 2026 | Still held | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
David ViniariAn owner entity could not be identified from the footnotes. Director | 796K | −68K | 721K | 91% | ||||||||||||
Vesting, gifts, unvested awards and holding lines for David Viniar0shares vested or exercised −7Kgifted (net of own trusts) 4.7K → 5.1Kunvested awards, start → end
| ||||||||||||||||
Thomas MontagiAn owner entity could not be identified from the footnotes. Director | 177K | 0 | 177K | no sales | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Thomas Montag0shares vested or exercised 0gifted (net of own trusts) 1K → 1.4Kunvested awards, start → end
| ||||||||||||||||
David SolomoniAn owner entity could not be identified from the footnotes. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals. Chairman of the Board and CEO, Director | 142K | −3.7K | 153K | +8.1% | ||||||||||||
Vesting, gifts, unvested awards and holding lines for David Solomon+34Kshares vested or exercised 0gifted (net of own trusts) −19Kwithheld by the company for taxes 131K → 131Kunvested awards, start → end
Additional holdings last reported Jan 29, 2018, not confirmed since: 1,000 shares. Not included in any total or percentage on this page.
| ||||||||||||||||
| John Waldron President and COO, Director | 106K | 0 | 119K | no sales | ||||||||||||
Vesting, gifts, unvested awards and holding lines for John Waldron | ||||||||||||||||
John RogersiAn owner entity could not be identified from the footnotes. Executive Vice President | 104K | −16K | 97K | 94% | ||||||||||||
Vesting, gifts, unvested awards and holding lines for John Rogers+22Kshares vested or exercised −1.3Kgifted (net of own trusts) −11Kwithheld by the company for taxes none reportedunvested awards, start → end
| ||||||||||||||||
| Kathryn Ruemmler Chief Legal Officer, GC | 28K | −25K | 16K | not meaningful | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Kathryn Ruemmler | ||||||||||||||||
Denis ColemaniAn owner entity could not be identified from the footnotes. Chief Financial Officer | 23K | −18K | 35K | not meaningful | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Denis Coleman+57Kshares vested or exercised 0gifted (net of own trusts) −26Kwithheld by the company for taxes none reportedunvested awards, start → end
| ||||||||||||||||
| Sheara Fredman Chief Accounting Officer | 16K | −15K | 6.3K | not meaningful | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Sheara Fredman | ||||||||||||||||
Ericka LeslieiStarted reporting during the period; starting holdings are from the Form 3. An owner entity could not be identified from the footnotes. New Form 3 filed 2026-07-02; earlier filings set aside. Chief Administrative Officer | 12K | −1K | 11K | 91% | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Ericka Leslie0shares vested or exercised 0gifted (net of own trusts) 4.4K → 4.4Kunvested awards, start → end
| ||||||||||||||||
| Carey Halio Global Treasurer | 4.6K | −4.6K | 2K | not meaningful | ||||||||||||
Alex GolteniAn owner entity could not be identified from the footnotes. Chief Risk Officer | 4.5K | −4.5K | 2.6K | not meaningful | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Alex Golten+5.5Kshares vested or exercised 0gifted (net of own trusts) −2.9Kwithheld by the company for taxes 17K → 19Kunvested awards, start → end
| ||||||||||||||||
| John Hess Director | 3.9K | 0 | 3.9K | no sales | ||||||||||||
Kevin JohnsoniAn owner entity could not be identified from the footnotes. Director | 2.4K | 0 | 2.4K | no sales | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Kevin Johnson | ||||||||||||||||
Mark FlahertyiAn owner entity could not be identified from the footnotes. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals. Director | 1.1K | 0 | 1.1K | no sales | ||||||||||||
Vesting, gifts, unvested awards and holding lines for Mark Flaherty0shares vested or exercised 0gifted (net of own trusts) 4.8K → 5.3Kunvested awards, start → end
Additional holdings last reported Jan 19, 2022, not confirmed since: 1,015 shares. Not included in any total or percentage on this page.
| ||||||||||||||||
21 of 21 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (21 exactly, 0 with a minor or footnoted difference). Percentages cover 9 of 21 officers and directors. Left out: Kathryn Ruemmler, Denis Coleman, Sheara Fredman, Carey Halio and Alex Golten (most of their shares vested during the period, so a percentage would mislead); Lakshmi Mittal and Peter Oppenheimer (most holdings were last confirmed in 2014); Michele Burns, Ellen Kullman, Jan Tighe, Kimberley Harris and Kathleen McClure (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.
What explains the selling$149M of sales by plan status, purpose, seller and month
Officer and director open-market sales: $149M across 156,142 shares. Plan status and stated purpose are separate questions, and a sale can have both.
No plan disclosed · $149M
Sales with no 10b5-1 plan and no tax reference in the filing. $65.8M of it is David Viniar. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Kathryn Ruemmler, May 6, 2026
Taxes
98,841 shares ($92.7M) were withheld by the company for taxes, which isn't a market sale.
| Seller | Shares sold | Proceeds | Under a disclosed plan | Share of total | Sales dates |
|---|---|---|---|---|---|
| David Viniar Director | 68K | $65.8M | 0% | 44% | Jan 16, 2026 to Jan 16, 2026 |
| Kathryn Ruemmler Chief Legal Officer, GC | 25K | $23.0M | 0% | 15% | Jan 23, 2026 to May 6, 2026 |
| Denis Coleman Chief Financial Officer | 18K | $17.6M | 0% | 12% | Feb 9, 2026 to May 14, 2026 |
| John Rogers Executive Vice President | 16K | $15.2M | 0% | 10% | Feb 11, 2026 to Feb 11, 2026 |
| Sheara Fredman Chief Accounting Officer | 15K | $14.1M | 0% | 9% | Jan 23, 2026 to May 1, 2026 |
| Carey Halio Global Treasurer | 4.6K | $4.3M | 0% | 3% | Jan 23, 2026 to Jan 27, 2026 |
| Alex Golten Chief Risk Officer | 4.5K | $4.2M | 0% | 3% | Feb 9, 2026 to Apr 23, 2026 |
| David Solomon Chairman of the Board and CEO, Director | 3.7K | $3.5M | 0% | 2% | Jan 29, 2026 to May 1, 2026 |
| Ericka Leslie Chief Administrative Officer | 1K | $1.1M | 0% | 0.7% | Jul 15, 2026 to Aug 28, 2026 |
Sales by month
| Month | Sale proceeds | Disclosed plan | To cover taxes | No plan disclosed |
|---|---|---|---|---|
| Oct 2025 | $0 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 | $0 |
| Jan 2026 | $83.7M | $0 | $0 | $83.7M |
| Feb 2026 | $28.3M | $0 | $0 | $28.3M |
| Mar 2026 | $0 | $0 | $0 | $0 |
| Apr 2026 | $2.1M | $0 | $0 | $2.1M |
| May 2026 | $33.5M | $0 | $0 | $33.5M |
| Jun 2026 | $0 | $0 | $0 | $0 |
| Jul 2026 | $288K | $0 | $0 | $288K |
| Aug 2026 | $805K | $0 | $0 | $805K |
| Sep 2026 | $0 | $0 | $0 | $0 |
| Oct 2026 | $0 | $0 | $0 | $0 |
Is this normal? Selling year by year5 earlier years to compare with
More than usual: about 1.5x the 5-year average. 9 insiders sold; the average is 8 a year.
| 12 months ending | Shares sold | Insiders who sold | Proceeds |
|---|---|---|---|
| Oct 9, 2026 Latest 12 months | 156K | 9 | $149M |
| Oct 9, 2025 1 year earlier | 129K | 11 | $82.6M |
| Oct 9, 2024 2 years earlier | 99K | 10 | $43.2M |
| Oct 10, 2023 3 years earlier | 62K | 6 | $22.3M |
| Oct 10, 2022 4 years earlier | 49K | 6 | $18.5M |
| Oct 10, 2021 5 years earlier | 172K | 9 | $57.3M |
Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.
Known gaps and uncertaintyEvery officer and director reconciles
Sources and methodology1,504 filings from SEC EDGAR, and how we read them
All 1,504 Forms 3, 4 and 5 filed for Goldman Sachs (SEC CIK 886982) from May 10, 1999 to Sep 1, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 772 filings were left out because Goldman Sachs filed them as an owner of another company's stock. 187 older filings exist only on paper and could not be read.
Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.
Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".
Former or inactive filers (51)No filing in 18 months; last reported balances, not in any total
Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.