Thomas Keck - Dec 15, 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
Stock symbol
STEP
Transactions as of
Dec 15, 2021
Transactions value $
-$450
Form type
4
Date filed
12/16/2021, 08:44 PM
Previous filing
Nov 5, 2021
Next filing
Apr 14, 2022

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 +450K 450K Dec 15, 2021 By Trust F1, F2, F3
transaction STEP Class B Common Stock Disposed to Issuer -$450 -450K -69.23% $0.00* 200K Dec 15, 2021 By Trust F1
holding STEP Class A Common Stock 55.8K Dec 15, 2021 Direct
holding STEP Class B Common Stock 1.65M Dec 15, 2021 By Cresta Capital, LLC
holding STEP Class B Common Stock 2.6M Dec 15, 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 -450K -69.23% 200K Dec 15, 2021 Class A Common Stock 450K By Trust F3
holding STEP Class B Units 1.65M Dec 15, 2021 Class A Common Stock 1.65M By Cresta Capital, LLC F3
holding STEP Class B Units 2.6M Dec 15, 2021 Class A Common Stock 2.6M 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%