undamentalytics Newsletter

Goldman Sachs insider trading

Every open-market purchase and sale by Goldman Sachs's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
Goldman Sachs insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Goldman Sachs’s insiders pay?

From February 10, 2010 to October 29, 2026, 37 insiders reported 3 open-market purchases and 189 sales not made under a pre-set plan in Goldman Sachs. Twelve months after each purchase was reported, the shares were +41.1% against the S&P 500 on average (median +39.8%), over 3 purchases with a full year of prices; 100% beat the index. After sales, the shares moved +1.0% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on October 10, 2024 into $19,364 by November 2, 2026, +38.1% a year. It held shares 74% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $12,704 (+12.4% a year), and held throughout $13,433 (+15.5%).

$0$10.0k$20.0k 202420252026 $19.4k$13.4k$12.7k
Copying Goldman Sachs's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Goldman Sachs's insiders from October 10, 2024, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 74% of the time.
Goldman Sachs: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Solomon David M Chairman of the Board and CEO 0 — — 23 +1.6% (20) October 27, 2026
Viniar David A Executive Vice President - CFO 0 — — 22 −1.4% (20) January 21, 2026
Rogers John F.W. Executive Vice President 0 — — 17 +3.9% (16) February 13, 2026
Cohen Alan M EVP, Global Head of Compliance 0 — — 12 −13.5% (12) February 21, 2017
Cooper Edith W EVP, Global Head of HCM 0 — — 10 −0.7% (10) February 3, 2017
Johnson James A /dc/ Director 0 — — 8 −0.7% (8) January 23, 2017
Lee Brian J Chief Risk Officer 0 — — 8 +9.1% (8) October 18, 2024
Fredman Sheara J Chief Accounting Officer 0 — — 7 +24.3% (5) May 5, 2026
Leslie Ericka T Chief Administrative Officer 0 — — 7 +15.0% (2) October 29, 2026
Sherwood Michael S Vice Chairman 0 — — 7 −8.1% (7) November 18, 2016
Ruemmler Kathryn H. Chief Legal Officer, GC 0 — — 6 +27.9% (3) May 8, 2026
Coleman Denis P. Chief Financial Officer 0 — — 5 +30.2% (3) May 18, 2026
Golten Alex S CHIEF RISK OFFICER 0 — — 4 +33.7% (1) April 24, 2026
Halio Carey Global Treasurer 0 — — 4 +33.3% (2) January 29, 2026
Palm Gregory K Executive VP - General Counsel 0 — — 4 −15.1% (4) November 24, 2017
Smith Sarah G Principal Accounting Officer 0 — — 4 −14.2% (4) February 7, 2017
Spar Debora L Director 0 — — 4 −3.1% (4) January 23, 2017
Berlinski Philip R. Global Treasurer 0 — — 3 +12.9% (3) February 26, 2024
Cohn Gary D President and COO 0 — — 3 −9.5% (3) November 15, 2016
Dahlback Claes Director 0 — — 3 +12.8% (3) February 7, 2014
George William W Director 0 — — 3 +2.2% (3) February 5, 2014
Salame Pablo J Vice Chairman 0 — — 3 −15.0% (3) February 2, 2018
Stecher Esta E Executive VP - General Counsel 0 — — 3 −21.4% (3) August 13, 2010
Stein Laurence Chief Administrative Officer 0 — — 3 +8.4% (3) February 18, 2022
Blankfein Lloyd C Chairman of the Board and CEO 0 — — 2 −20.1% (2) November 22, 2016
Evans J. Michael Vice Chairman 0 — — 2 +4.8% (2) December 2, 2013
Hammack Elizabeth M Global Treasurer 0 — — 2 +9.0% (2) January 27, 2021
Holmes Dane E EVP, Global Head of HCM 0 — — 2 −6.0% (2) July 19, 2019
Montag Thomas K. Director 0 — — 2 +28.0% (2) November 13, 2024
Waldron John E. President and COO 0 — — 2 −2.5% (2) August 29, 2025
Bryan John H Director 0 — — 1 −15.2% (1) February 19, 2010
Burns M Michele Director 0 — — 1 −3.6% (1) November 15, 2016
Flaherty Mark A. Director 1 +39.8% (1) 100% 0 — October 9, 2024
Hess John B Director 1 +50.3% (1) 100% 0 — April 17, 2025
Johnson Kevin R Director 1 +33.2% (1) 100% 0 — January 21, 2025
Scherr Stephen M CFO 0 — — 1 +10.9% (1) November 10, 2021
Weinberg John S Vice Chairman 0 — — 1 −32.3% (1) August 13, 2010

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Goldman Sachs

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Goldman Sachs in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After 18 selling crowds, +2.5%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
January 30, 20265 selling−5.2%+0.8%not yet
July 31, 20253 selling−0.3%+20.5%+23.6%
November 29, 20245 selling+1.3%+0.4%+26.1%
May 31, 20243 selling+5.2%+19.1%+19.6%
January 31, 20244 selling+8.0%+18.8%+43.3%
May 31, 20233 selling−6.0%−2.8%+17.1%
November 30, 20223 selling−6.5%−20.8%−21.3%
July 30, 20213 selling+6.3%−8.0%−4.4%
January 29, 20213 selling+15.9%+20.0%+9.2%
August 31, 20173 selling+3.4%+7.2%−11.8%
November 30, 201610 selling+6.8%−14.1%−8.3%
March 31, 20153 selling+11.2%0.0%−17.0%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Latest 12 of 18. Total returns from the month end; past patterns are not a forecast.

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