Sen. David McCormick sells $1M–$5M of Goldman Sachs Group Inc (GS) while on a related committee
Sen. David McCormick (R-PA) reported a sale of GS worth $1M–$5M.
Sen. David McCormick (R-PA) reported that their spouse sold Goldman Sachs Group Inc (GS) stock worth $1M–$5M on January 23, 2026. The trade was disclosed in a Periodic Transaction Report filed on February 22, 2026, 30 days after the trade.
McCormick sits on the Senate Committee on Banking, Housing, and Urban Affairs, whose work touches banks and finance, an area that matters to Goldman Sachs Group Inc.
In the year before, McCormick reported 1 other trade in GS: 0 purchases and 1 sale.
Across all their reports we have read, David McCormick disclosed 28 stock trades.
The law gives only a range for each trade, so the exact amount and price are not public.
What happened next: since the week of the sale, GS has fallen 4.8%. A fall after a sale means the sale came before a drop.
Source: Periodic Transaction Report ↗. Written automatically from the report and weekly price data. Information, not investment advice. Published free for the public; congressional disclosure reports may not be used for commercial purposes or soliciting money.
Examples
In 2020 several senators faced questions over stock sales made after private briefings on the coronavirus. Those trades became public through the same kind of report this story is built from.
Explain it like I'm 13
Members of Congress write the rules for many companies, so the law makes them tell the public when they buy or sell stocks. This report is like a referee saying which team's merchandise they bought: it does not mean they did anything wrong, but it lets everyone check.