Johnny D. Randel - 30 Sep 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Chief Financial Officer, Member of 13D Group that owns more than 10%, 10%+ Owner
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Johnny D. Randel
Issuer symbol
STEP
Transactions as of
30 Sep 2021
Net transactions value
-$944,553
Form type
4
Filing time
04 Oct 2021, 20:19:13 UTC
Next filing
07 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class A Common Stock Conversion of derivative security +75,000 +240% 106,300 30 Sep 2021 Direct F1, F2
transaction STEP Class B Common Stock Disposed to Issuer $75 -75,000 -5.6% $0.001000* 1,259,626 30 Sep 2021 Direct F1
transaction STEP Class A Common Stock Sale $643,451 -15,412 -14% $41.75 90,888 01 Oct 2021 Direct F3
transaction STEP Class A Common Stock Sale $301,027 -7,193 -7.9% $41.85 83,695 04 Oct 2021 Direct F4

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 Conversion of derivative security -75,000 -5.6% 1,259,626 30 Sep 2021 Class A Common Stock 75,000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 30, 2021, the Reporting Person exchanged 75,000 Class B Units of StepStone Group LP (the "Partnership") for 75,000 shares of Class A Common Stock. In connection with the exchange, 75,000 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 of the Issuer are automatically redeemed and cancelled.
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 $40.00 to $42.64. 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 $40.84 to $42.78. 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.

Remarks:

Member of 13D Group that owns more than 10%