Monte M. Brem - 18 Nov 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Chairman, Co-Chief Executive Officer and Member of 13D Group that is deemed to own more than 10%, Director, Chairman, Co-Chief Executive Officer and Member of 13D Group that is deemed to own more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Monte M. Brem
Issuer symbol
STEP
Transactions as of
18 Nov 2021
Transactions value $
-$44,762,081
Form type
4
Filing time
22 Nov 2021, 16:38:54 UTC
Next filing
13 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class B Common Stock Disposed to Issuer -$863 -863,616 -22.91% $0.001* 2,905,953 18 Nov 2021 By MMAR HNL, LLC F1
transaction STEP Class A Common Stock Conversion of derivative security +863,616 863,616 18 Nov 2021 By MMAR HNL, LLC F1, F2
transaction STEP Class A Common Stock Sale -$44,761,217 -863,616 -100% $51.83 0 18 Nov 2021 By MMAR HNL, LLC F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STEP Class B Units Conversion of derivative security -863,616 -22.91% 2,905,953 18 Nov 2021 Class A Common Stock 863,616 By MMAR HNL, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 18, 2021, the Reporting Person exchanged 863,616 Class B Units of StepStone Group LP (the "Partnership") for 863,616 shares of Class A Common Stock. In connection with the exchange, 863,616 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.
F3 On November 18, 2021, the Reporting Person sold shares of Class A Common Stock in a secondary offering of Class A Common Stock by certain selling stockholders of the Issuer.

Remarks:

Chairman, Co-Chief Executive Officer and Member of 13D Group that is deemed to own more than 10%