Johnny D. Randel - 18 Nov 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Chief Financial Officer, Member of 13D Group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Johnny D. Randel
Issuer symbol
STEP
Transactions as of
18 Nov 2021
Net transactions value
-$6,895,233
Form type
4
Filing time
22 Nov 2021, 16:42:01 UTC
Previous filing
12 Oct 2021
Next filing
16 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class B Common Stock Disposed to Issuer $133 -133,033 -11% $0.001000* 1,126,593 18 Nov 2021 Direct F1
transaction STEP Class A Common Stock Conversion of derivative security +133,033 +425% 164,333 18 Nov 2021 Direct F1, F2
transaction STEP Class A Common Stock Sale $6,895,100 -133,033 -81% $51.83 31,300 18 Nov 2021 Direct F3

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 -133,033 -11% 1,126,593 18 Nov 2021 Class A Common Stock 133,033 Direct 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 133,033 Class B Units of StepStone Group LP (the "Partnership") for 133,033 shares of Class A Common Stock. In connection with the exchange, 133,033 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%