organization · Reporting owner

GOLDMAN SACHS & CO. LLC

Disclosed activity across 1 company

Tapewire entity: 11065
SEC CIK: 0000042352

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
Merlin, Inc.BACQ · Entity 6007	10% owner	November 28, 2025	February 26, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

Merlin, Inc.

Report date November 28, 2025 · Filed February 26, 2026

Jointly reported with GOLDMAN SACHS GROUP INC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,419	Reported balance After 2025-11-28 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2025-11-28 · Sale · Disposed 1 · Balance 2,833,419 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,418	Reported balance After 2025-11-28 transaction · row 2 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 2 · 2025-11-28 · Sale · Disposed 1 · Balance 2,833,418 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,405	Reported balance After 2025-11-28 transaction · row 3 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 3 · 2025-11-28 · Sale · Disposed 13 · Balance 2,833,405 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,401	Reported balance After 2025-11-28 transaction · row 4 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 4 · 2025-11-28 · Sale · Disposed 4 · Balance 2,833,401 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,399	Reported balance After 2025-11-28 transaction · row 5 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 5 · 2025-11-28 · Sale · Disposed 2 · Balance 2,833,399 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,383	Reported balance After 2025-11-28 transaction · row 6 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 6 · 2025-11-28 · Sale · Disposed 16 · Balance 2,833,383 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,380	Reported balance After 2025-11-28 transaction · row 7 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 7 · 2025-11-28 · Sale · Disposed 3 · Balance 2,833,380 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,376	Reported balance After 2025-11-28 transaction · row 8 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 8 · 2025-11-28 · Sale · Disposed 4 · Balance 2,833,376 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	2,833,374	Reported balance After 2025-11-28 transaction · row 9 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 9 · 2025-11-28 · Sale · Disposed 2 · Balance 2,833,374 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,286,228	Reported balance After 2025-12-05 transaction · row 10 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 10 · 2025-12-05 · Purchase · Acquired 14 · Balance 3,286,228 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,286,242	Reported balance After 2025-12-05 transaction · row 11 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 11 · 2025-12-05 · Purchase · Acquired 14 · Balance 3,286,242 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,287,707	Reported balance After 2025-12-05 transaction · row 12 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 12 · 2025-12-05 · Purchase · Acquired 1,465 · Balance 3,287,707 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,289,207	Reported balance After 2025-12-05 transaction · row 13 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 13 · 2025-12-05 · Purchase · Acquired 1,500 · Balance 3,289,207 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,289,658	Reported balance After 2025-12-05 transaction · row 14 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 14 · 2025-12-05 · Purchase · Acquired 451 · Balance 3,289,658 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,290,158	Reported balance After 2025-12-05 transaction · row 15 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 15 · 2025-12-05 · Purchase · Acquired 500 · Balance 3,290,158 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,290,144	Reported balance After 2025-12-05 transaction · row 16 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 16 · 2025-12-05 · Sale · Disposed 14 · Balance 3,290,144 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,286,844	Reported balance After 2025-12-05 transaction · row 17 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 17 · 2025-12-05 · Sale · Disposed 3,300 · Balance 3,286,844 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,286,214	Reported balance After 2025-12-05 transaction · row 18 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 18 · 2025-12-05 · Sale · Disposed 630 · Balance 3,286,214 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,285,714	Reported balance After 2025-12-05 transaction · row 19 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 19 · 2025-12-05 · Sale · Disposed 500 · Balance 3,285,714 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,488	Reported balance After 2025-12-08 transaction · row 20 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 20 · 2025-12-08 · Purchase · Acquired 250 · Balance 3,252,488 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,491	Reported balance After 2025-12-08 transaction · row 21 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 21 · 2025-12-08 · Purchase · Acquired 3 · Balance 3,252,491 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,554	Reported balance After 2025-12-08 transaction · row 22 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 22 · 2025-12-08 · Purchase · Acquired 63 · Balance 3,252,554 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,617	Reported balance After 2025-12-08 transaction · row 23 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 23 · 2025-12-08 · Purchase · Acquired 63 · Balance 3,252,617 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,554	Reported balance After 2025-12-08 transaction · row 24 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 24 · 2025-12-08 · Sale · Disposed 63 · Balance 3,252,554 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,304	Reported balance After 2025-12-08 transaction · row 25 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 25 · 2025-12-08 · Sale · Disposed 250 · Balance 3,252,304 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,301	Reported balance After 2025-12-08 transaction · row 26 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 26 · 2025-12-08 · Sale · Disposed 3 · Balance 3,252,301 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,252,238	Reported balance After 2025-12-08 transaction · row 27 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 27 · 2025-12-08 · Sale · Disposed 63 · Balance 3,252,238 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,251,388	Reported balance After 2025-12-09 transaction · row 28 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 28 · 2025-12-09 · Purchase · Acquired 2 · Balance 3,251,388 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,251,391	Reported balance After 2025-12-09 transaction · row 29 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 29 · 2025-12-09 · Purchase · Acquired 3 · Balance 3,251,391 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.
Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative	IndirectSee footnotes	3,251,388	Reported balance After 2025-12-09 transaction · row 30 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 30 · 2025-12-09 · Sale · Disposed 3 · Balance 3,251,388 F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.

Filing footnotes · ownership attribution and instrument terms

F1: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock").

F2: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business.

F3: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.

F4: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
December 09, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	3	$10.95	$32.85	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 30 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,251,388 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 09, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	3	$10.95	$32.85	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 29 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,251,391 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 09, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	2	$10.98	$21.96	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 28 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,251,388 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	63	$10.98	$691.74	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 27 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,238 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	3	$10.98	$32.94	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 26 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,301 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	250	$11.00	$2,750.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 25 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,304 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	63	$11.00	$693.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 24 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,554 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	63	$10.98	$691.74	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 23 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,617 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	63	$10.98	$691.74	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 22 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,554 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	3	$10.98	$32.94	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 21 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,491 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 08, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	250	$11.00	$2,750.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 20 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,252,488 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	500	$10.71	$5,355.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 19 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,285,714 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	630	$10.79	$6,797.70	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 18 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,286,214 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	3,300	$10.82	$35,706.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 17 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,286,844 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	14	$11.00	$154.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 16 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,290,144 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	500	$10.71	$5,355.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 15 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,290,158 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	451	$10.79	$4,866.29	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 14 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,289,658 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	1,500	$10.80	$16,200.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 13 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,289,207 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	1,465	$10.80	$15,822.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 12 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,287,707 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	14	$11.00	$154.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 11 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,286,242 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
December 05, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	PurchaseClass A Common Stock, par value $0.0001 per share	14	$11.00	$154.00	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 10 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 3,286,228 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	2	$10.70	$21.40	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 9 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,374 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	4	$10.72	$42.88	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 8 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,376 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	3	$10.72	$32.16	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 7 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,380 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	16	$10.73	$171.68	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 6 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,383 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	2	$10.73	$21.46	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 5 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,399 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	4	$10.73	$42.92	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 4 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,401 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	13	$10.73	$139.49	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 3 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,405 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	1	$10.74	$10.74	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 2 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,418 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document
November 28, 2025 Filed Feb 26, 2026 23:01 UTC	Merlin, Inc. BACQ · Entity 6007	SaleClass A Common Stock, par value $0.0001 per share	1	$10.74	$10.74	Disclosure SEC source: 0001193125-26-077683 · ownership.xml · nonDerivative · entry 1 GOLDMAN SACHS GROUP INC · CIK 0000886982 · 10% owner GOLDMAN SACHS & CO. LLC · CIK 0000042352 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · See footnotes Disclosed balance after: 2,833,419 F1 · security: This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. On February 5, 2026, the Reporting Persons ceased to be a greater than 10% beneficial owner of Inflection Point Acquisition Corp. IV's (the "Issuer") Class A Common Stock (the "Common Stock"). F2 · security: These transactions in the Common Stock of the Issuer have not previously been reported and were effected by Goldman Sachs acting as a market maker in the ordinary course of business. F3 · ownership.nature: Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. F4 · ownership.nature: The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.