Form 4 for STEP StepStone Group Inc.
Accepted 2024-12-04 00:00:00 ET · period of report 2024-12-02 · accession 0001796022-24-000096 · 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 | 2024-12-04 | 2024-12-03 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | S - Sale | $64.34 | -2,200 | 247.8K | -0.9% | -$141.5K |
| D | 2024-12-04 | 2024-12-02 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | C - Cnv Deriv | — | +500.0K | 690.5K | +262% | — |
| D | 2024-12-04 | 2024-12-03 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | S - Sale | $64.25 | -4,000 | 686.5K | -0.6% | -$257.0K |
| DI | 2024-12-04 | 2024-12-02 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | D - Sale to Iss | $0.00 | -250.0K | 937.4K | -21% | $0 |
| DI | 2024-12-04 | 2024-12-02 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | C - Cnv Deriv | — | +250.0K | 250.0K | New | — |
| D | 2024-12-04 | 2024-12-02 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | D - Sale to Iss | $0.00 | -500.0K | 1.91M | -21% | $0 |
| DI | 2024-12-04 | 2024-12-02 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | C - Cnv Deriv | — | -250.0K | 937.4K | -21% | — |
| D | 2024-12-04 | 2024-12-02 | STEP | McCabe Michael I | Head of Strategy, Dir, See remarks | C - Cnv Deriv | — | -500.0K | 1.91M | -21% | — |
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 A Common Stock | 2024-12-03 | S | D | 2,200 | $64.34 | 247,800 | I | — | — | (F4) The sales reported in this Form 4 were effected in multiple trades at prices ranging from $64.06 to $64.68. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. |
| 2 | Common | Class A Common Stock | 2024-12-02 | C | A | 500,000 | — | 690,516 | D By Trust | — | — | (F1) On December 2, 2024, the Reporting Person exchanged 500,000 Class B Units of StepStone Group LP (the "Partnership") he owned directly for 500,000 shares of Class A Common Stock. In connection with the exchange, 500,000 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 are automatically redeemed and cancelled. |
| 3 | Common | Class A Common Stock | 2024-12-03 | S | D | 4,000 | $64.25 | 686,516 | D | — | — | (F5) The sales reported in this Form 4 were effected in multiple trades at prices ranging from $64.00 to $64.85. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. |
| 4 | Common | Class B Common Stock | 2024-12-02 | D | D | 250,000 | $0.00 | 937,416 | I | — | — | (F3) On December 2, 2024, the Reporting Person exchanged 250,000 Class B Units of the Partnership owned through a family trust for 250,000 shares of Class A Common Stock. In connection with the exchange, 250,000 shares of Class B Common Stock were automatically redeemed and cancelled. |
| 5 | Common | Class A Common Stock | 2024-12-02 | C | A | 250,000 | — | 250,000 | I By Trust | — | — | (F3) On December 2, 2024, the Reporting Person exchanged 250,000 Class B Units of the Partnership owned through a family trust for 250,000 shares of Class A Common Stock. In connection with the exchange, 250,000 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 are automatically redeemed and cancelled. |
| 6 | Common | Class B Common Stock | 2024-12-02 | D | D | 500,000 | $0.00 | 1,906,142 | D By Trust | — | — | (F1) On December 2, 2024, the Reporting Person exchanged 500,000 Class B Units of StepStone Group LP (the "Partnership") he owned directly for 500,000 shares of Class A Common Stock. In connection with the exchange, 500,000 shares of Class B Common Stock were automatically redeemed and cancelled. |
| 7 | Derivative | Class B Units | 2024-12-02 | C | D | 250,000 | — | 937,416 | I | — · — to — | 250,000 Class A Common Stock | (F3) On December 2, 2024, the Reporting Person exchanged 250,000 Class B Units of the Partnership owned through a family trust for 250,000 shares of Class A Common Stock. In connection with the exchange, 250,000 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 are automatically redeemed and cancelled. |
| 8 | Derivative | Class B Units | 2024-12-02 | C | D | 500,000 | — | 1,906,142 | D By Trust | — · — to — | 500,000 Class A Common Stock | (F1) On December 2, 2024, the Reporting Person exchanged 500,000 Class B Units of StepStone Group LP (the "Partnership") he owned directly for 500,000 shares of Class A Common Stock. In connection with the exchange, 500,000 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 are automatically redeemed and cancelled. |