James Lim - 13 Feb 2024 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
10%+ Owner
Signature
/s/Jennifer Ishiguro, Attorney-in-fact for James Lim
Issuer symbol
STEP
Transactions as of
13 Feb 2024
Net transactions value
-$2,470,918
Form type
4
Filing time
15 Feb 2024, 19:09:47 UTC
Previous filing
18 Dec 2023
Next filing
20 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class A Common Stock Sale $315,820 -9,008 -0.14% $35.06 6,388,746 13 Feb 2024 By Sanctuary Bay LLC F1
transaction STEP Class A Common Stock Sale $2,155,097 -61,294 -0.96% $35.16 6,327,452 14 Feb 2024 By Sanctuary Bay LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $35.00 to $35.27. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $34.80 to $35.40. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.