GS Ranganath Share Repurchase Weekly Recap 21Sep2026

GS Ranganath - Share Repurchase Weekly Recap 21 Sep 2026 Vani Ranganath · Goldman Sachs · Vice President, Global Banking & Markets, FICC & Equities Mon 21 Sep 2026, 7:23am ET

Share repurchase activity for the week ending 18-Sep-2026. All references to “we/us/our” refer to the views and observations of the desk.

GS Buyback Desk Execution Activity. Steady flows again this week. Volumes finished 1.4x vs 2025 YTD ADTV and 1.3x vs 2024 YTD ADTV with activity primarily concentrated toward Tech, Industrials, and Financials sectors. We are currently in blackout window, with ~64% of the S&P500 estimated to be in their quiet period as of today. We estimate ~85% in blackout by the end of the week. Reflecting our desk’s transition toward blackout, we are seeing an increasing number of 10b5-1s start on the desk. The current execution mix sits at 21% OMR vs 79% 10b5-1 (vs. 30% / 70% the prior week). Once earnings season begins in October, we expect blackout restrictions to roll off progressively. Financials are typically the first to emerge, reflecting their position at the front of the reporting cycle.

GS Corporate Trading Desk Flow

Historical Cumulative Market Execution Activity