Senator David McCormick Buys Goldman Sachs Structured Note: STOCK Act Disclosure
Senator David McCormick (R-PA) filed a STOCK Act disclosure revealing a $100,001-$250,000 purchase of Goldman Sachs structured notes on July 14, 2026, disclosed July 29.
What Happened
On July 29, 2026, U.S. Senator David McCormick (Republican, Pennsylvania) filed a disclosure under the STOCK Act revealing a purchase of Goldman Sachs Group Inc. (GS) securities. The filing shows Senator McCormick acquired $100,001 to $250,000 worth of GS Managed Structured Note Strategy MSCI EAFE Linked Notes on July 14, 2026.
This disclosure was made via the QuiverQuant Congressional Trading Dashboard, which tracks public STOCK Act filings from members of Congress. The filing demonstrates the typical lag between actual trades and public disclosure — the trade occurred on July 14, but the mandatory disclosure wasn't filed until July 29, within the 45-day window required by law.
Senator McCormick also made additional municipal security trades on the same disclosure date, including purchases of Allegheny County PA bonds ($500,001-$1,000,000) and other Pennsylvania state issuer municipal bonds.
Why It Matters
Congressional stock trades are publicly mandated disclosures that sophisticated investors watch closely. Under the STOCK Trading on Congressional Knowledge Act, members of Congress must disclose any financial transaction within 45 days of its occurrence. These filings serve as transparency measures to prevent insider trading based on non-public information about legislation or regulatory actions.
The Goldman Sachs structured note purchase is notable because: - Structured notes are complex financial instruments that combine debt securities with derivatives, often linked to underlying assets like equity indices (in this case, the MSCI EAFE index tracking developed international markets) - The trade represents a significant position ($100K-$250K range) in a single disclosure period - Goldman Sachs is among the largest investment banks globally, making it a frequently traded security by congressional members
The current market price of GS stands at $1,018.38 per share, up 0.69% today but down 0.12% over the past month. The stock has traded between $705.55 and $1,153.99 over the past year.
What to Watch
- Sector positioning: Monitor whether other members of Congress are accumulating or reducing GS positions
- Structured note activity: Track congressional trading in complex financial products that may signal sophisticated market views
- Pennsylvania legislative agenda: Senator McCormick's committee assignments and any pending legislation affecting financial services
- Disclosure patterns: Watch for additional STOCK Act filings from Pennsylvania representatives and senators
By the numbers
| Metric | Value |
|---|---|
| Filer | David McCormick (Senate / R) |
| Ticker | GS |
| Asset Type | GS Managed Structured Note Strategy MSCI EAFE Linked Note |
| Transaction Type | Purchase |
| Disclosed Size Range | $100,001 - $250,000 |
| Trade Date | July 14, 2026 |
| Disclosure Date | July 29, 2026 |
| Current Price | $1,018.38 USD |
| Day Change | +0.69% |
| Month Change | -0.12% |
| 52-Week High | $1,153.99 |
| 52-Week Low | $705.55 |
Source snapshot
This article reports on public STOCK Act disclosures and is informational reporting of mandatory congressional filings. This is not financial advice.
Sources: - https://www.quiverquant.com/congresstrading/