Scott W. Hart - Jun 1, 2024 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Chief Executive Officer, Director, Member of 13D group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Scott W. Hart
Stock symbol
STEP
Transactions as of
Jun 1, 2024
Transactions value $
$297
Form type
4
Date filed
6/4/2024, 04:37 PM
Previous filing
Feb 16, 2024
Next filing
Sep 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class B Common Stock Award $297 +297K +9.77% $0.00* 3.34M Jun 1, 2024 By Trust F1
transaction STEP Class A Common Stock Gift $0 -13.4K -23.95% $0.00 42.5K Jun 3, 2024 Direct

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 B2 Units Conversion of derivative security -297K -100% 0 Jun 1, 2024 Class A Common Stock 297K By Trust F2
transaction STEP Class B Units Conversion of derivative security +297K +9.77% 3.34M Jun 1, 2024 Class A Common Stock 297K By Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Per the Issuer's Amended and Restated Certificate of Incorporation, upon vesting of the Class B2 Units of the Partnership into Class B Units of the Partnership, the Issuer shall issue a number of shares of Class B Common Stock registered in the name of the applicable holder equal to the number of Class B Units issued upon such vesting event, in exchange for payment in cash to the Issuer of the aggregate par value of the shares of Class B Common Stock so issued.
F2 The Class B2 Units vested 30% on June 1, 2021 and 5.83% on each quarterly anniversary thereafter, contingent upon the Reporting Person's continued service to the Issuer. Upon the final vesting date of the Class B2 Units on June 1, 2024, they automatically converted into Class B Units.
F3 Pursuant to an Exchange Agreement, 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%