Michael McCabe - Sep 30, 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Head of Strategy, Director, Member of 13D Group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Michael I. McCabe
Stock symbol
STEP
Transactions as of
Sep 30, 2021
Transactions value $
-$200
Form type
4
Date filed
10/4/2021, 08:21 PM
Next filing
Oct 18, 2021

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 +100K 100K Sep 30, 2021 Direct F1, F2
transaction STEP Class B Common Stock Disposed to Issuer -$100 -100K -3.52% $0.00* 2.74M Sep 30, 2021 Direct F1
transaction STEP Class A Common Stock Conversion of derivative security +100K 100K Sep 30, 2021 By Trust F1, F2
transaction STEP Class B Common Stock Disposed to Issuer -$100 -100K -6.17% $0.00* 1.52M Sep 30, 2021 By Trust 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
transaction STEP Class B Units Conversion of derivative security -100K -3.52% 2.74M Sep 30, 2021 Class A Common Stock 100K Direct F1, F2
transaction STEP Class B Units Conversion of derivative security -100K -6.17% 1.52M Sep 30, 2021 Class A Common Stock 100K By Trust F1, 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 100,000 Class B Units of StepStone Group LP (the "Partnership") held directly for 100,000 shares of Class A Common Stock and 100,000 Class B Units of the Partnership held by a trust for 100,000 shares of Class A Common Stock. In connection with each exchange, 100,000 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. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically redeemed and cancelled.

Remarks:

Member of 13D Group that owns more than 10%