So, a senator just sold all his Goldman Sachs stock. That's interesting on its own, but it gets more interesting when you consider the stock was up 56% last year, the senator sits on the banking committee, and his wife used to work at Goldman. Let's unpack what happened and why investors might care.

Senator David McCormick recently disclosed a sale of between $1 million and $5 million worth of Goldman Sachs (GS) shares. The trade happened on January 23, with shares trading between $917.05 and $937.16. For reference, the stock is currently trading around $905.64, so he sold near what looks like a recent peak.

Here's the kicker: the disclosure notes this was the "full amount" of Goldman stock traded. The senator and his wife are now completely out of the bank's shares. The transaction was executed by his spouse, Dina Powell McCormick, who spent 16 years at Goldman in senior leadership roles. She's also a former advisor to Presidents Trump and Bush, and was just named president and vice chairman of Meta Platforms (META), rejoining the company after a brief board stint in 2025.

This wasn't McCormick's first Goldman sale. He also sold between $1 million and $5 million back on February 28, 2025, when shares were trading between $604 and $624. So, he's been taking profits as the stock climbed. And climb it did: Goldman Sachs was the second-best performing stock in the Dow last year, gaining 55.8%. The senator's latest sale appears to be locking in those gains. The disclosure also showed he bought between $2.1 million and $4.5 million in various municipal securities around the same time.

Now, why should you, an investor, pay attention? A few reasons. First, McCormick isn't just any senator; he's a member of the Committee on Banking, Housing and Urban Development. That means he has a front-row seat to the inner workings of the U.S. banking sector. When someone with that kind of insight sells all their shares in a major bank, people notice. It could be simple profit-taking, or it could be something more. Either way, it's a data point worth considering, especially if you're watching Goldman's stock.

Second, McCormick is a very active trader. According to data from Quiver Quantitative, he executed $28 million in trades in 2025 alone—$19.1 million in buys and $8.9 million in sales—ranking him among the highest-volume trading members of Congress. His trading history adds context. Last year, he spent hundreds of thousands of dollars buying shares of the iShares Bitcoin Trust (IBIT) ETF, making a big bet on Bitcoin. He's the former CEO of hedge fund Bridgewater Associates and was endorsed in his 2024 Senate campaign by Coinbase CEO Brian Armstrong for his pro-crypto stance. A senator buying Bitcoin ETFs is notable and fuels the ongoing debate about whether members of Congress should trade individual stocks and cryptocurrencies at all.

So, we have a banking committee senator cashing out of a top-performing bank stock after a huge run-up, reinvesting in munis, and having a history of bold crypto bets. It's a classic Washington-meets-Wall Street story. The trade itself might be routine portfolio management, but the combination of his role, his trading volume, and the stock's performance makes it a transaction worth watching. Will Goldman shares fall further? The senator's exit doesn't predict the future, but it certainly gives the market something to talk about.