Sec Form 4 Filing - GOLDMAN SACHS GROUP INC @ INFLECTION POINT ACQUISITION CORP. IV - 2025-11-28

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person GOLDMAN SACHS GROUP INC 2. Issuer Name and Ticker or Trading Symbol INFLECTION POINT ACQUISITION CORP. IV [ BACQ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 200 WEST STREET 3. Date of Earliest Transaction (MM/DD/YY) 11/28/2025 (Street) NEW YORK, NY10282 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 1 D $ 10.74 2,833,419 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 1 D $ 10.74 2,833,418 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 13 D $ 10.73 2,833,405 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 4 D $ 10.73 2,833,401 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 2 D $ 10.73 2,833,399 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 16 D $ 10.73 2,833,383 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 3 D $ 10.72 2,833,380 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 4 D $ 10.72 2,833,376 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 11/28/2025 S 2 D $ 10.7 2,833,374 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 P 14 A $ 11 3,286,228 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 P 14 A $ 11 3,286,242 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 P 1,465 A $ 10.8 3,287,707 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 P 1,500 A $ 10.8 3,289,207 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 P 451 A $ 10.79 3,289,658 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 P 500 A $ 10.71 3,290,158 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 S 14 D $ 11 3,290,144 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 S 3,300 D $ 10.82 3,286,844 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 S 630 D $ 10.79 3,286,214 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/05/2025 S 500 D $ 10.71 3,285,714 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 P 250 A $ 11 3,252,488 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 P 3 A $ 10.98 3,252,491 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 P 63 A $ 10.98 3,252,554 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 P 63 A $ 10.98 3,252,617 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 S 63 D $ 11 3,252,554 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 S 250 D $ 11 3,252,304 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 S 3 D $ 10.98 3,252,301 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/08/2025 S 63 D $ 10.98 3,252,238 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/09/2025 P 2 A $ 10.98 3,251,388 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/09/2025 P 3 A $ 10.95 3,251,391 I See footnotes ( 3 ) ( 4 ) Class A Common Stock, par value $0.0001 per share ( 1 ) ( 2 ) 12/09/2025 S 3 D $ 10.95 3,251,388 I See footnotes ( 3 ) ( 4 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GOLDMAN SACHS GROUP INC 200 WEST STREET NEW YORK, NY10282 X GOLDMAN SACHS & CO. LLC 200 WEST STREET NEW YORK, NY10282 X Signatures /s/ Crystal Orgill, Attorney-in-fact 02/26/2026 Signature of Reporting Person Date /s/ Crystal Orgill, Attorney-in-fact 02/26/2026 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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"). ( 2 )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. ( 3 )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. ( 4 )The Common Stock of the Issuer reported herein as indirectly owned was beneficially owned directly by Goldman Sachs and indirectly by GS Group.

Remarks: Balance of trades included in attached schedule. (See Exhibit 99.1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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