Goldman Sachs' Gary Cohn Sold $82.2M in GS Stock — Now Collecting IBM Board Equity
Former Goldman Sachs president Gary Cohn sold $82.2M in GS stock across 187 transactions. Now a Vice Chairman collecting IBM board grants, his GS position is down to 4,491 shares.
Gary D. Cohn, former President and COO of Goldman Sachs (GS) and later Director of the National Economic Council, has sold $82.2 million in GS stock across 187 insider transactions — with zero purchases. Now serving as Vice Chairman and IBM board member, his recent Form 4 filings show equity grants from IBM (IBM) rather than Goldman activity.
The Numbers
| Metric | Value |
|---|---|
| Career Sell Value | $82.2M |
| Career Buy Value | $0 |
| Total Transactions | 187 |
| Last Transaction | 2026-02-01 |
| Shares Remaining | 4,491 |
Recent Activity
| Date | Type | Shares | Price | Est. Value |
|---|---|---|---|---|
| 2026-02-21 | Exercise | 2,246 | N/A | $0 |
| 2026-02-21 | Exercise | 2,611 | N/A | $0 |
| 2026-02-21 | Exercise | 2,725 | N/A | $0 |
| 2026-02-21 | Exercise | 2,246 | N/A | $0 |
| 2026-02-21 | Exercise | 2,611 | N/A | $0 |
Cohn's February 2026 Form 4 filings are all IBM restricted stock unit vesting events, not Goldman Sachs transactions. His GS selling was concentrated during his tenure as president and COO, with the bulk occurring before his departure to the White House in 2017. The 4,491 GS shares remaining represent a token position relative to his historical holdings.
What It Means
Cohn's trajectory from Goldman Sachs president to White House economic advisor to IBM board member makes his insider filing history uniquely cross-institutional. The $82.2M in GS career sales came almost entirely during his Goldman tenure, representing systematic monetization of equity compensation accumulated over a 25+ year career at the bank.
For Goldman Sachs investors, Cohn's near-complete exit is historical context rather than a current signal — his most recent GS sell predates his government service. The more interesting data point is his IBM board involvement: the steady stream of RSU vests suggests he's building a meaningful position in Big Blue while maintaining only a vestigial Goldman stake.
What to Watch
- Whether Cohn fully exits his remaining 4,491 GS shares
- Size and vesting schedule of his IBM board equity grants
- Any new board appointments that would generate additional Form 4 filings
- Goldman Sachs C-suite selling patterns from current executives
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