Jason P. Ment - 31 Aug 2023 Form 4 Insider Report for StepStone Group Inc. (STEP)

Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Jason P. Ment
Issuer symbol
STEP
Transactions as of
31 Aug 2023
Net transactions value
-$620,747
Form type
4
Filing time
05 Sep 2023, 19:30:11 UTC
Previous filing
14 Jul 2023
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class A Common Stock Sale $17,862 -576 -0.64% $31.01 89,992 31 Aug 2023 Direct F1
transaction STEP Class A Common Stock Sale $491,239 -15,826 -18% $31.04 74,166 01 Sep 2023 Direct F2
transaction STEP Class A Common Stock Sale $111,646 -3,598 -4.9% $31.03 70,568 05 Sep 2023 Direct F3
holding STEP Class B Common Stock 781,407 31 Aug 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $31.00 to $31.05. 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.
F2 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $31.00 to $31.35. 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.
F3 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $30.39 to $31.05. 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.

Remarks:

President, Co-Chief Operating Officer and Member of 13D group that owns more than 10%