Thomas Keck - 15 Dec 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Director, Member of 13D group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Thomas Keck
Issuer symbol
STEP
Transactions as of
15 Dec 2021
Net transactions value
-$450
Form type
4
Filing time
16 Dec 2021, 20:44:08 UTC
Previous filing
05 Nov 2021
Next filing
14 Apr 2022
SEC
View on sec.gov

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 +450,000 450,000 15 Dec 2021 By Trust F1, F2, F3
transaction STEP Class B Common Stock Disposed to Issuer $450 -450,000 -69% $0.001000* 200,000 15 Dec 2021 By Trust F1
holding STEP Class A Common Stock 55,750 15 Dec 2021 Direct
holding STEP Class B Common Stock 1,645,374 15 Dec 2021 By Cresta Capital, LLC
holding STEP Class B Common Stock 2,601,124 15 Dec 2021 By Old Salt Capital LLC

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 -450,000 -69% 200,000 15 Dec 2021 Class A Common Stock 450,000 By Trust F3
holding STEP Class B Units 1,645,374 15 Dec 2021 Class A Common Stock 1,645,374 By Cresta Capital, LLC F3
holding STEP Class B Units 2,601,124 15 Dec 2021 Class A Common Stock 2,601,124 By Old Salt Capital LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2021, the Reporting Person exchanged 450,000 Class B Units of StepStone Group LP (the "Partnership") for 450,000 shares of Class A Common Stock. In connection with the exchange, 450,000 shares of Class B Common Stock were automatically redeemed and cancelled.
F2 The Reporting Person entered into a lock-up agreement restricting the sale or transfer of securities of the Issuer in connection with a secondary offering of Class A Common Stock by certain selling stockholders of the Issuer. These securities remain subject to the restrictions of the lock-up agreement until the expiration of the lock-up period on February 13, 2022.
F3 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%