| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STER | Common Stock | Sale | -$13.4M | -1.15M | -2.24% | $11.73 | 50.1M | Jun 30, 2023 | See Footnotes | F1, F2, F3, F4, F5, F6 |
| Id | Content |
|---|---|
| F1 | Pursuant to an underwriting agreement, dated June 7, 2023 and the exercise, in part, of the option to purchase additional shares of common stock, par value $0.01 per share, of the issuer ("Common Stock") in connection with the secondary offering of shares of Common Stock pursuant to the final prospectus supplement dated June 7, 2023, which secondary offering was consummated on June 12, 2023 (the "Offering"), Checkers and BSPI (each as defined below) sold in the aggregate 1,145,486 shares of Common Stock, consisting of 757,310 shares of Common Stock sold by Checkers and 388,176 shares of Common Stock sold by BSPI. |
| F2 | Goldman Sachs (as defined below) was one of the underwriters in the Offering. |
| F3 | Each of Goldman Sachs, BSPI and BSCA (each as defined below) is a wholly owned subsidiary of GS Group (as defined below). Goldman Sachs is the manager of each of BSPI and BSCA and the investment manager of Checkers. BSCA is the general partner of Checkers. Because of the relationships among the Reporting Persons, each of GS Group and Goldman Sachs may be deemed a beneficial owner of Common Stock held by Checkers, BSPI and BSCA, and BSCA may be deemed a beneficial owner of Common Stock held by Checkers. |
| F4 | This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs & Co. LLC ("Goldman Sachs"), Broad Street Principal Investments, L.L.C. ("BSPI"), Checkers Control Partnership, L.P. ("Checkers"), and Broad Street Control Advisors, L.L.C. ("BSCA" and, together with GS Group, Goldman Sachs, BSPI and Checkers, the "Reporting Persons"). |
| F5 | Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| F6 | As of June 30, 2023, after giving effect to the sale described in this Form 4, Checkers holds 32,928,405 shares of Common Stock, BSPI holds 16,878,275 shares of Common Stock and BSCA holds 1,064 shares of Common Stock. In addition, as of June 30, 2023, GS Group and Goldman Sachs are deemed to beneficially own all of the abovementioned shares of Common Stock and are deemed to beneficially own an additional 291,648 shares of Common Stock. |