Scott W. Hart - Nov 18, 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Co-Chief Executive Officer, Director, Member of 13D Group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Scott W. Hart
Stock symbol
STEP
Transactions as of
Nov 18, 2021
Transactions value $
-$3,447,643
Form type
4
Date filed
11/22/2021, 04:40 PM
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class B Common Stock Disposed to Issuer -$67 -66.5K -2.14% $0.00* 3.04M Nov 18, 2021 By Trust F1
transaction STEP Class A Common Stock Conversion of derivative security +66.5K 66.5K Nov 18, 2021 By Trust F1, F2
transaction STEP Class A Common Stock Sale -$3.45M -66.5K -100% $51.83 0 Nov 18, 2021 By Trust F3
holding STEP Class A Common Stock 13.4K Nov 18, 2021 Direct

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 -66.5K -2.14% 3.04M Nov 18, 2021 Class A Common Stock 66.5K 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 November 18, 2021, the Reporting Person exchanged 66,517 Class B Units of StepStone Group LP (the "Partnership") for 66,517 shares of Class A Common Stock. In connection with the exchange, 66,517 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 On November 18, 2021, the Reporting Person sold shares of Class A Common Stock in a secondary offering of Class A Common Stock by certain selling stockholders of the Issuer.

Remarks:

Member of 13D Group that owns more than 10%