# EDGAR Filing Document

**Accession Number:** 0001941365
**File Stem:** 0001209191-23-004954
**Filing Date:** 2023-1
**Character Count:** 12919
**Document Hash:** dca051f43238c3b9c5b76b374cabf1a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-004954.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001209191-23-004954

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230123

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS & CO. LLC
- **CENTRAL INDEX KEY:** 0000769993
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41545
- **FILM NUMBER:** 23553790

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 2129021000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER NAME:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS & CO
- **DATE OF NAME CHANGE:** 19931102
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS GROUP INC
- **CENTRAL INDEX KEY:** 0000886982
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41545
- **FILM NUMBER:** 23553791

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 212-902-1000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER NAME:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS GROUP INC/
- **DATE OF NAME CHANGE:** 20010104
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MasterBrand, Inc.
- **CENTRAL INDEX KEY:** 0001941365
- **STANDARD INDUSTRIAL CLASSIFICATION:** WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511]
- **IRS NUMBER:** 883479920
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1225

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MASTERBRAND CABINETS DRIVE
- **CITY:** JASPER
- **STATE:** IN
- **ZIP:** 47546
- **BUSINESS PHONE:** 812-482-2527

**MAIL ADDRESS:**
- **STREET 1:** ONE MASTERBRAND CABINETS DRIVE
- **CITY:** JASPER
- **STATE:** IN
- **ZIP:** 47546

## Ex-24

```

POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, INC. (the
"Company") does hereby make, constitute and appoint each of Jamison Yardley,
Nathan R. Burby and Crystal Orgill, acting individually, its true and lawful
attorney, to execute and
deliver in its name and on its behalf whether the Company is acting individually
or as representative of others, any and all filings required to be made by the
Company under the Securities Exchange Act of 1934, (as amended, the "Act"), with
respect to securities which may be deemed to be beneficially owned by the
Company under the Act, giving and granting unto each said attorney-in-fact power
and authority to act in the premises as fully and to all intents and purposes as
the Company might or could do if personally present by one of its authorized
signatories, hereby ratifying and confirming all that said attorney-in-fact
shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until the earlier
of (i)
January 1, 2024 and (ii) such time that it is revoked in writing by the Company;
provided that in the event the attorney-in-fact ceases to be an employee of the
Company or its affiliates or ceases to perform the function in connection with
which he/she was appointed attorney-in-fact prior to such time, this Power of
Attorney shall cease to have effect in relation to such attorney-in-fact upon
such cessation but shall continue in full force and effect in relation to any
remaining attorneys-in-fact. The Company has the unrestricted right unilaterally
to revoke this Power of
Attorney.

This Power of Attorney shall be governed by, and construed in accordance with,
the laws of the State of New York, without regard to rules of conflicts of law.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of
January 7, 2021.

THE GOLDMAN SACHS GROUP, INC.
By:/s/ Karen P. Seymour
Name: Karen P. Seymour
Title: Executive Vice President, General Counsel and Secretary

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>GOLDMAN SACHS GROUP INC<br><sub>(Last) (First) (Middle)</sub><br>200 WEST STREET<br><sub>(Street)</sub><br>NEW YORK, NY 10282<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>MasterBrand, Inc. [ MBC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>GOLDMAN SACHS & CO. LLC<br><sub>(Last) (First) (Middle)</sub><br>200 WEST STREET<br><sub>(Street)</sub><br>NEW YORK, NY 10282<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>MasterBrand, Inc. [ MBC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | S |  | 23 | D | $8.5491 | 15778624 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | S |  | 35 | D | $8.58 | 15778589 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | S |  | 6 | D | $8.5433 | 15778583 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | P |  | 24 | A | $8.569 | 15778607 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | P |  | 100 | A | $8.54 | 15778707 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | P |  | 500 | A | $8.582 | 15779207 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | P |  | 300 | A | $8.54 | 15779507 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | S |  | 587 | D | $8.5853 | 15778920 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | P |  | 463 | A | $8.408 | 15779383 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | P |  | 94 | A | $8.54 | 15779477 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | S |  | 477 | D | $8.6087 | 15779000 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | S |  | 6 | D | $8.54 | 15778994 | I | See Footnotes<sup>(2)(3)</sup> |
| Common Stock<sup>(1)</sup> | 2023-01-23 |  | S |  | 228 | D | $8.5879 | 15778766 | I | See Footnotes<sup>(2)(3)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Equity Swap<sup>(1)</sup> | <sup>(4)</sup> | 2023-01-23 |  | P |  | 7120 |  | <sup>(4)</sup> | 2033-01-17 | Common Stock | 7120 | <sup>(4)</sup> | 61158<sup>(4)</sup> | I | See Footnote<sup>(2)(3)</sup> |
| Equity Swap<sup>(1)</sup> | <sup>(5)</sup> | 2023-01-23 |  | P |  | 8029 |  | <sup>(5)</sup> | 2023-01-24 | Common Stock | 8029 | <sup>(5)</sup> | 8029<sup>(5)</sup> | I | See Footnote<sup>(2)(3)</sup> |

---

### Footnotes:

(1) The amount of profit recoverable by the Issuer from the reported transactions will be remitted to the Issuer.

(2) 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 Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.  On January 24, 2023, the Reporting Persons ceased to be a greater than 10% beneficial owner of the Issuer's Common Stock.

(3) GS Group may be deemed to beneficially own indirectly the Common Stock by reason of Goldman Sachs' direct beneficial ownership.

(4) Goldman Sachs entered into an equity swap agreement which, upon the termination of the agreement on January 17, 2033, Goldman Sachs will pay to the counterparty any decrease in the price of the Common Stock below $8.552896 per share and the counterparty will pay to Goldman Sachs any increase in the price of the Common Stock above $8.552896 per share, in each case, based on a notional amount of 7,120 shares of Common Stock.

(5) Goldman Sachs entered into an equity swap agreement which, upon the termination of the agreement on January 24, 2033, Goldman Sachs will pay to the counterparty any decrease in the price of the Common Stock below $8.552896 per share and the counterparty will pay to Goldman Sachs any increase in the price of the Common Stock above $8.552896 per share, in each case, based on a notional amount of 8,029 shares of Common Stock.

**Signature:** /s/ Jamison Yardley, Attorney-in-fact  
**Date:** 2023-01-25

**Signature:** /s/ Jamison Yardley, Attorney-in-fact  
**Date:** 2023-01-25

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**