Michael I. McCabe - 18 Nov 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
Issuer symbol
STEP
Transactions as of
18 Nov 2021
Net transactions value
-$34,476,323
Form type
4
Filing time
22 Nov 2021, 16:46:11 UTC
Previous filing
26 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 $333 -332,584 -12% $0.001000* 2,406,142 18 Nov 2021 Direct F1
transaction STEP Class A Common Stock Conversion of derivative security +332,584 332,584 18 Nov 2021 Direct F1, F2
transaction STEP Class A Common Stock Sale $17,237,829 -332,584 -100% $51.83 0 18 Nov 2021 Direct F3
transaction STEP Class B Common Stock Disposed to Issuer $333 -332,584 -22% $0.001000* 1,187,416 18 Nov 2021 By Trust F1
transaction STEP Class A Common Stock Conversion of derivative security +332,584 332,584 18 Nov 2021 By Trust F1, F2
transaction STEP Class A Common Stock Sale $17,237,829 -332,584 -100% $51.83 0 18 Nov 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 -332,584 -12% 2,406,142 18 Nov 2021 Class A Common Stock 332,584 Direct F1, F2
transaction STEP Class B Units Conversion of derivative security -332,584 -22% 1,187,416 18 Nov 2021 Class A Common Stock 332,584 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%