Monte M. Brem - 11 Sep 2024 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Director, Member of 13D Group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Monte M. Brem
Issuer symbol
STEP
Transactions as of
11 Sep 2024
Transactions value $
-$31,126,765
Form type
4
Filing time
13 Sep 2024, 16:12:34 UTC
Previous filing
22 Nov 2021
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 -$629 -629K -21.65% $0.00 2.28M 11 Sep 2024 By MMAR HNL, LLC F1

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 Disposed to Issuer -$31.1M -629K -21.65% $49.48 2.28M 11 Sep 2024 Class A Common Stock 629K 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 September 11, 2024, the Reporting Person exchanged 629,065 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, 629,065 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 will be automatically redeemed and cancelled.

Remarks:

Member of 13D Group that owns more than 10%