James Lim - 20 Sep 2021 Form 3 Insider Report for StepStone Group Inc. (STEP)

Role
10%+ Owner
Signature
/s/Jennifer Ishiguro, Attorney-in-fact for James Lim
Issuer symbol
STEP
Transactions as of
20 Sep 2021
Net transactions value
$0
Form type
3
Filing time
23 Sep 2021, 20:50:24 UTC
Next filing
22 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STEP Class A Common Stock 7,812,987 20 Sep 2021 By Sanctuary Bay 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
holding STEP Class C Units 20 Sep 2021 Class A Common Stock 163,656 By Sanctuary Bay LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities received by the Reporting Person as partial consideration as an equityholder of Greenspring Associates, Inc. ("GA Inc.") pursuant to the Transaction Agreement, dated July 7, 2021, by and among the Issuer, StepStone Group LP (the "Partnership"), certain wholly-owned subsidiaries of the Issuer, the sellers party thereto, GA Inc., Greenspring Back Office Solutions, Inc. (together with GA Inc and their respective subsidiaries, "Greenspring") and Shareholder Representative Services LLC, solely in its capacity as the initial seller representative, whereby the Issuer acquired Greenspring.
F2 Pursuant to a Class C Exchange Agreement entered into in connection with the Issuer's acquisition of Greenspring, Class C Units of the Partnership are exchangeable, on a one-for-one basis, for shares of Class A Common Stock of the Issuer.

Remarks:

Exhibit 24 - Power of Attorney