Americas Investment Banks: Investment banking weekly activity as of 07.27.2026

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Americas Investment Banks: Investment banking weekly activity as of 07.27.2026

egrated investment banking, investment management, and brokerage business. We have investment

banking and other business relationships with a substantial percentage of the companies covered by Global Investment Research. Goldman Sachs & Co.

LLC, the United States broker dealer, is a member of SIPC (https://www.sipc.org).

Our salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies to our clients and principal

trading desks that reflect opinions that are contrary to the opinions expressed in this research. Our asset management area, principal trading desks and

investing businesses may make investment decisions that are inconsistent with the recommendations or views expressed in this research.

The analysts named in this report may have from time to time discussed with our clients, including Goldman Sachs salespersons and traders, or may

discuss in this report, trading strategies that reference catalysts or events that may have a near-term impact on the market price of the equity securities

discussed in this report, which impact may be directionally counter to the analyst’s published price target expectations for such stocks. Any such

trading strategies are distinct from and do not affect the analyst’s fundamental equity rating for such stocks, which rating reflects a stock’s return

potential relative to its coverage universe as described herein.

We and our affiliates, officers, directors, and employees will from time to time have long or short positions in, act as principal in, and buy or sell, the

securities or derivatives, if any, referred to in this research, unless otherwise prohibited by regulation or Goldman Sachs policy.