Form 4 for STEP StepStone Group Inc.
Accepted 2024-09-13 00:00:00 ET · period of report 2024-09-11 · accession 0001796022-24-000076 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-09-13 | 2024-09-11 | STEP | Fernandez Jose A | Co-COO, Dir, See remarks | D - Sale to Iss | $0.00 | -338.7K | 3.42M | -9% | $0 |
| DI | 2024-09-13 | 2024-09-11 | STEP | Fernandez Jose A | Co-COO, Dir, See remarks | D - Sale to Iss | $49.48 | -338.7K | 3.42M | -9% | -$16.76M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2024-09-11 | D | D | 338,727 | $0.00 | 3,416,601 | I By Trust | — | — | (F1) On September 11, 2024, the Reporting Person exchanged 338,727 Class B Units of StepStone Group LP (the "Partnership"). The Issuer elected to settle the exchange in cash for $49.48 per unit using the proceeds of a secondary offering organized by the Issuer. In connection with the exchange, 338,727 shares of Class B Common Stock were automatically redeemed and cancelled. |
| 2 | Derivative | Class B Units | 2024-09-11 | D | D | 338,727 | $49.48 | 3,416,601 | I By Trust | — · — to — | 338,727 Class A Common Stock | (F1) On September 11, 2024, the Reporting Person exchanged 338,727 Class B Units of StepStone Group LP (the "Partnership"). The Issuer elected to settle the exchange in cash for $49.48 per unit using the proceeds of a secondary offering organized by the Issuer. In connection with the exchange, 338,727 shares of Class B Common Stock were automatically redeemed and cancelled. (F2) The Class B Units of the Partnership are exchangeable, on a one-for-one basis, for shares of Class A Common Stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock of the Issuer will be automatically redeemed and cancelled. |