Michael McCabe - Nov 18, 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
Nov 18, 2021
Transactions value $
-$34,476,323
Form type
4
Date filed
11/22/2021, 04:46 PM
Previous filing
Oct 26, 2021
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 -$333 -333K -12.14% $0.00* 2.41M Nov 18, 2021 Direct F1
transaction STEP Class A Common Stock Conversion of derivative security +333K 333K Nov 18, 2021 Direct F1, F2
transaction STEP Class A Common Stock Sale -$17.2M -333K -100% $51.83 0 Nov 18, 2021 Direct F3
transaction STEP Class B Common Stock Disposed to Issuer -$333 -333K -21.88% $0.00* 1.19M Nov 18, 2021 By Trust F1
transaction STEP Class A Common Stock Conversion of derivative security +333K 333K Nov 18, 2021 By Trust F1, F2
transaction STEP Class A Common Stock Sale -$17.2M -333K -100% $51.83 0 Nov 18, 2021 By Trust 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 -333K -12.14% 2.41M Nov 18, 2021 Class A Common Stock 333K Direct F1, F2
transaction STEP Class B Units Conversion of derivative security -333K -21.88% 1.19M Nov 18, 2021 Class A Common Stock 333K 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 332,584 Class B Units of StepStone Group LP (the "Partnership") held directly for 332,584 shares of Class A Common Stock and 332,584 Class B Units of the Partnership held by a trust for 332,584 shares of Class A common stock. In connection with each exchange, 332,584 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%