Scott W. Hart - 02 Dec 2024 Form 4 Insider Report for StepStone Group Inc. (STEP)

Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Scott W. Hart
Issuer symbol
STEP
Transactions as of
02 Dec 2024
Net transactions value
-$3,778,282
Form type
4
Filing time
04 Dec 2024, 19:53:51 UTC
Previous filing
13 Sep 2024
Next filing
21 Feb 2025

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 +180,000 180,000 02 Dec 2024 By Trust F1
transaction STEP Class B Common Stock Disposed to Issuer $180 -180,000 -5.6% $0.001000 3,061,782 02 Dec 2024 By Trust F1
transaction STEP Class A Common Stock Sale $1,217,455 -19,291 -11% $63.11 160,709 03 Dec 2024 By Trust F2
transaction STEP Class A Common Stock Sale $173,205 -2,700 -1.7% $64.15 158,009 03 Dec 2024 By Trust F3
transaction STEP Class A Common Stock Sale $6,485 -100 -0.06% $64.85 157,909 03 Dec 2024 By Trust
transaction STEP Class A Common Stock Sale $2,355,565 -37,509 -24% $62.80 120,400 04 Dec 2024 By Trust F4
transaction STEP Class A Common Stock Sale $25,392 -400 -0.33% $63.48 120,000 04 Dec 2024 By Trust F5
holding STEP Class A Common Stock 42,498 02 Dec 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 B Units Conversion of derivative security -180,000 -5.6% 3,061,782 02 Dec 2024 Class A Common Stock 180,000 By Trust F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 2, 2024, the Reporting Person exchanged 180,000 Class B Units of StepStone Group LP (the "Partnership") for 180,000 shares of Class A Common Stock. In connection with the exchange, 180,000 shares of Class B Common Stock were automatically redeemed and cancelled.
F2 The sales reported in this Form 4 were effected in multiple trades at prices ranging from $62.73 to $63.71. 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.
F3 The sales reported in this Form 4 were effected in multiple trades at prices ranging from $63.74 to $64.70. 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.
F4 The sales reported in this Form 4 were effected in multiple trades at prices ranging from $62.22 to $63.15. 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.
F5 The sales reported in this Form 4 were effected in multiple trades at prices ranging from $63.38 to $63.60. 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.
F6 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 are automatically redeemed and cancelled.

Remarks:

Member of 13D Group that owns more than 10%