Rep. Kevin Hern trades GS ($250,001 - $500,000)

Representative Kevin Hern (U.S. House of Representatives, OK-01) sold shares of Goldman Sachs Group, Inc. (GS) in the $250,001–$500,000 transaction bracket on April 29, 2026, with the trade disclosed via a STOCK Act-compliant Periodic Transaction Report (PTR) on May 6, 2026, per filing 20034461 hosted at https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034461.pdf.

The Disclosure

This filing fulfills mandatory STOCK Act reporting requirements, which mandate congressional members disclose covered securities transactions within 45 calendar days of execution; Hern’s filing was submitted 7 days post-trade, meeting the statutory deadline. GS has a current market capitalization of $272.7 billion, operating across four core financial services segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

Member Trading Context

No prior disclosed GS transactions for Hern appear in the provided research materials. Hern serves on the House Financial Services Committee, which has direct regulatory oversight of systemically important financial institutions like Goldman Sachs, including rulemaking for capital markets, banking operations, and consumer financial protections that impact the firm’s core revenue streams.

Cross-Reference with Insiders & Institutional Activity

Six days after Hern’s April 29 trade execution, multiple Goldman Sachs insiders sold company stock via Form4 filings with the SEC: CEO David M. Solomon completed two separate sales totaling 3,470 shares for approximately $3.23 million, Chief Accounting Officer Sheara J. Fredman sold 10,301 shares for ~$9.57 million, and Chief Legal Officer Kathryn H. Ruemmler sold 683 shares for ~$635,000. As of December 31, 2025, institutional investors held 70.1% of GS’s outstanding float across 3,073 total holders, with 403 new institutional positions added in the prior quarterly filing period. Analyst rating distributions for GS remained unchanged between April 1 and May 1, 2026, with 1 Strong Buy, 7 Buy, 16 Hold, 1 Sell, and 1 Strong Sell ratings across covering firms.

Unreported Contextual Gaps

The PTR only discloses the transaction’s dollar volume bracket, not the exact number of shares sold or precise dollar value. The filing does not include a stated motivation for the sale, nor does it clarify whether the trade was directed personally by Hern or executed through a managed account—limitations standard to STOCK Act PTR disclosures. No public statement from Hern’s office has addressed the timing or purpose of the trade to date.