Goldman Sachs (IRAB) reports 1,172,032 shares; 6.8% ownership

Rhea-AI Filing Summary

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC reported beneficial ownership of 1,172,032 Class A ordinary shares of IRIS ACQUISITION CORP II as of 03/31/2026. The filing is a joint Schedule 13G disclosure that lists 1,172,032 shares representing 6.8% of the class and cites CUSIP G4940M109. The filing includes a Joint Filing Agreement and identifies Goldman Sachs & Co. LLC as a subsidiary reporting unit of The Goldman Sachs Group, Inc. Signatures are dated 04/27/2026.

Insights

Institutional Ownership Analyst

Large financial firm reports a 6.8% stake in IRAB via joint Schedule 13G.

The filing lists 1,172,032 shares and 6.8% ownership as of 03/31/2026, with CUSIP G4940M109. It is filed jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC under a Joint Filing Agreement dated 04/27/2026.

Disclosure states the holdings are attributed to Goldman Sachs reporting units and that certain client or other aggregated holdings are disclaimed. Subsequent filings would show any change in this passive ownership position.

Compliance & Regulatory Specialist

Filing follows Schedule 13G procedures and cites parent/subsidiary attribution rules.

The exhibits include a Joint Filing Agreement and an Item 7 exhibit explaining that Goldman Sachs & Co. LLC is the subsidiary through which the parent holding company reports. The Item 4 exhibit contains standard disclaimers about client accounts and aggregated reporting units.

Qualifiers and disclaimers are preserved in the exhibits; the record shows passive/aggregated reporting rather than an active Form 13D-level control claim.

Key Figures

Shares beneficially owned: 1,172,032 shares Percent of class: 6.8% CUSIP: G4940M109 +1 more

4 metrics

Shares beneficially owned 1,172,032 shares reported as of <date>03/31/2026</date>

Percent of class 6.8% percent of Class A ordinary shares reported on Schedule 13G

CUSIP G4940M109 IRIS ACQUISITION CORP II Class A ordinary shares

Filing date (signature) 04/27/2026 signature date on Schedule 13G exhibits

Key Terms

Schedule 13G, Beneficially owned, Joint Filing Agreement, Parent holding company

4 terms

Schedule 13G regulatory

"Item 1. Name of issuer: IRIS ACQUISITION CORP; form_type Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4. Ownership (a) Amount beneficially owned: See the response(s) to Item 9"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Joint Filing Agreement regulatory

"EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1)"

Parent holding company regulatory

"EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc."

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

IRIS ACQUISITION CORP II

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G4940M109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G4940M109

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,172,032.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,172,032.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,172,032.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): G4940M109

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,172,032.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,172,032.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,172,032.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: IRIS ACQUISITION CORP II
(b)	Address of issuer's principal executive offices: OT 09-31 Central Park Towers Offices, Dubai International Financial Centre PO Box 941641, Dubai, C0, 00000
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP Number(s): G4940M109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Abhilasha Bareja
Name/Title:	Attorney-in-fact
Date:	04/27/2026

GOLDMAN SACHS & CO. LLC

Signature:	Name: Abhilasha Bareja
Name/Title:	Attorney-in-fact
Date:	04/27/2026

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A ordinary shares, par value $0.0001 per share, of IRIS ACQUISITION CORP II and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 04/27/2026 THE GOLDMAN SACHS GROUP, INC. By:/s/ Abhilasha Bareja ---------------------------------------- Name: Abhilasha Bareja Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Abhilasha Bareja ---------------------------------------- Name: Abhilasha Bareja Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group. EXHIBIT (99.3) ITEM 4 INFORMATION *In accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, "GSG"). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units.

FAQ

What stake does Goldman Sachs report in IRAB?

Goldman Sachs reports beneficial ownership of 1,172,032 shares, or 6.8% of IRAB. The Schedule 13G lists CUSIP G4940M109 and states the position is reported jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC as of 03/31/2026.

What form was filed to disclose this ownership in IRIS ACQUISITION CORP II (IRAB)?

The ownership was disclosed on a Schedule 13G filed jointly. The filing includes a Joint Filing Agreement (Exhibit 99.1) and explanatory exhibits (99.2, 99.3) describing parent/subsidiary attribution and reporting-unit disclaimers.

Does the filing indicate active control or passive ownership for IRAB?

The Schedule 13G reflects passive/aggregated reporting rather than an active control claim. Exhibits state the securities are reported by Goldman Sachs reporting units and include standard disclaimers for client accounts and certain investment entities.

What dates are shown in the IRAB Schedule 13G filing?

The position is stated as of 03/31/2026 and signatures are dated 04/27/2026. The filing’s cover data and exhibits cite those dates alongside the CUSIP G4940M109 and the joint filing signatures.

Which entities jointly filed the Schedule 13G for IRAB?

The filing was made jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. The Joint Filing Agreement (Exhibit 99.1) authorizes joint filing and Abhilasha Bareja signed as attorney-in-fact on behalf of both entities.