Steven R. Mitchell - Sep 27, 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)

Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Steven R. Mitchell
Stock symbol
STEP
Transactions as of
Sep 27, 2021
Transactions value $
-$1,527,082
Form type
4
Date filed
9/29/2021, 06:09 PM
Previous filing
Jul 29, 2021
Next filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class A Common Stock Sale -$415K -9.29K -14.86% $44.70 53.2K Sep 27, 2021 Direct F1, F2
transaction STEP Class A Common Stock Sale -$769K -17.8K -33.54% $43.11 35.4K Sep 28, 2021 Direct F2, F3
transaction STEP Class A Common Stock Sale -$343K -7.87K -22.24% $43.55 27.5K Sep 29, 2021 Direct F2, F4
holding STEP Class B Common Stock 4.99M Sep 27, 2021 See footnote. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $43.84 to $45.12. 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 Represents shares held of record by the reporting person, who is a member of a "group" with ARG Private Equity, LLC, Argo Holdings, LLC (f/k/a Argonaut Holdings, L.L.C.), Sanford Energy, Inc., George Kaiser, and Robert A. Waldo. Each of ARG Private Equity, LLC, Argo Holdings, LLC, George Kaiser and Robert A. Waldo disclaims beneficial ownership of these securities to the extent it or he does not have a pecuniary interest therein.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $42.59 to $44.46. 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.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $43.12 to $43.97. 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.
F5 Represents shares held of record by Argo Holdings, LLC. Argo Holdings, LLC is managed by ARG Private Equity, LLC. The reporting person has a derivative interest in ARG Private Equity, LLC. Robert A. Waldo is a manager and Vice President of ARG Private Equity, LLC and has a derivative interest therein. George B. Kaiser is the sole member of ARG Private Equity, LLC. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities and Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein, if any.