Jose A. Fernandez - 11 Sep 2024 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Co-Chief Operating Officer, Director, Member of 13D Group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Jose A. Fernandez
Issuer symbol
STEP
Transactions as of
11 Sep 2024
Net transactions value
-$16,760,551
Form type
4
Filing time
13 Sep 2024, 16:10:41 UTC
Previous filing
16 Feb 2024
Next filing
17 Mar 2025
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 $339 -338,727 -9% $0.001000 3,416,601 11 Sep 2024 By Trust F1
holding STEP Class A Common Stock 9,159 11 Sep 2024 Direct
holding STEP Class A Common Stock 8,920 11 Sep 2024 By Trust
holding STEP Class B Common Stock 1,605,500 11 Sep 2024 By Santaluz Capital Partners, 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 Disposed to Issuer $16,760,212 -338,727 -9% $49.48 3,416,601 11 Sep 2024 Class A Common Stock 338,727 By Trust F1, F2
holding STEP Class B Units 1,605,500 11 Sep 2024 Class A Common Stock 1,605,500 By Santaluz Capital Partners, LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 11, 2024, the Reporting Person exchanged 338,727 Class B Units of StepStone Group LP (the "Partnership"). The Issuer elected to settle the exchange in cash for $49.48 per unit using the proceeds of a secondary offering organized by the Issuer. In connection with the exchange, 338,727 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 will be automatically redeemed and cancelled.

Remarks:

Member of 13D Group that owns more than 10%