Adrian M. Jones - Dec 13, 2023 Form 4 Insider Report for Sterling Check Corp. (STER)

Role
Director
Signature
Crystal Orgill, Attorney-in-fact
Stock symbol
STER
Transactions as of
Dec 13, 2023
Transactions value $
-$22
Form type
4
Date filed
12/26/2023, 05:55 PM
Previous filing
Jul 3, 2023
Next filing
Nov 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STER Common Stock Sale -$2.13K -157 0% $13.58 49.8M Dec 13, 2023 See Footnotes F1, F2, F3
transaction STER Common Stock Purchase $2.11K +157 +0% $13.44 49.8M Dec 22, 2023 See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported activity represents use of a Goldman Sachs firm error account to make whole a client who, due to issues in the Nasdaq exchange's FIX / RASH order handling system, failed to receive STER shares that the client purchased on the exchange on December 13, 2023. Without conceding this trading activity can result in liability under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.
F2 The reporting person is a managing director of Goldman Sachs & Co. LLC ("Goldman Sachs"). Goldman Sachs is a subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.
F3 As of September 13, 2023, 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 740 shares of Common Stock.