Goldman Sachs CEO David Solomon sells 12,000 shares for about $10.9 million

Goldman Sachs Chairman and Chief Executive David Solomon sold 12,000 shares of the bank's stock on Oct. 27 for about $10.9 million, according to a Form 4 filed with the SEC on Tuesday.

The sales were made in three lots: 9,181 shares at $910.46, 2,382 shares at $911.49 and 437 shares at $912.11, the filing shows. Together they come to roughly $10.93 million.

A performance award paid out first

The sales followed a large delivery of stock days earlier. On Oct. 23, Solomon received 109,896 shares from a Shareholder Value Creation award granted in October 2021, which paid out at its 150% maximum, according to the filing. Goldman withheld 60,773 of those shares at $891.30 each to cover taxes.

The filing notes that shares delivered under the award generally cannot be sold before October 2027. The footnotes do not say the Oct. 27 sales were made under a pre-arranged 10b5-1 trading plan.

What he still owns

After the transactions, Solomon directly holds 159,180 Goldman shares, according to the Form 4. He also reports indirect holdings of 16,171 shares and 15,205 shares through other accounts.

Part of a wider round of filings

Solomon's filing was one of several from Goldman executives on Tuesday. Other senior leaders, including President and Chief Operating Officer John Waldron, also reported award deliveries and shares withheld for taxes in their own Form 4s.

Why it matters

Insider sales by chief executives often follow award vestings, as executives cover taxes or diversify, and the filing itself does not give a reason for this sale. Measured against his remaining direct stake of about 159,000 shares, the 12,000 shares sold are a modest slice of Solomon's holdings.

For investors, the more notable detail may be the award payout at its 150% maximum, which reflects how the 2021 grant's performance conditions were judged to have been met.

Sources

1. Form 4 filed for David M. Solomon, filed Oct. 27, 2026 (accession 0001693709-26-000011)

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

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