Michael I. McCabe - 02 Dec 2024 Form 4 Insider Report for StepStone Group Inc. (STEP)

Role
Head of Strategy, Director, Member of 13D group that owns more than 10%
Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Michael I. McCabe
Issuer symbol
STEP
Transactions as of
02 Dec 2024
Net transactions value
-$399,298
Form type
4
Filing time
04 Dec 2024, 19:56:24 UTC
Previous filing
07 Aug 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 A Common Stock Conversion of derivative security +500,000 +262% 690,516 02 Dec 2024 Direct F1, F2
transaction STEP Class B Common Stock Disposed to Issuer $500 -500,000 -21% $0.001000 1,906,142 02 Dec 2024 Direct F1
transaction STEP Class A Common Stock Conversion of derivative security +250,000 250,000 02 Dec 2024 By Trust F2, F3
transaction STEP Class B Common Stock Disposed to Issuer $250 -250,000 -21% $0.001000 937,416 02 Dec 2024 By Trust F3
transaction STEP Class A Common Stock Sale $141,548 -2,200 -0.88% $64.34 247,800 03 Dec 2024 By Trust F4
transaction STEP Class A Common Stock Sale $257,000 -4,000 -0.58% $64.25 686,516 03 Dec 2024 Direct F5

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 -500,000 -21% 1,906,142 02 Dec 2024 Class A Common Stock 500,000 Direct F1, F2
transaction STEP Class B Units Conversion of derivative security -250,000 -21% 937,416 02 Dec 2024 Class A Common Stock 250,000 By Trust F2, F3
* 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 500,000 Class B Units of StepStone Group LP (the "Partnership") he owned directly for 500,000 shares of Class A Common Stock. In connection with the exchange, 500,000 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 are automatically redeemed and cancelled.
F3 On December 2, 2024, the Reporting Person exchanged 250,000 Class B Units of the Partnership owned through a family trust for 250,000 shares of Class A Common Stock. In connection with the exchange, 250,000 shares of Class B Common Stock were automatically redeemed and cancelled.
F4 The sales reported in this Form 4 were effected in multiple trades at prices ranging from $64.06 to $64.68. 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 $64.00 to $64.85. 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.

Remarks:

Member of 13D group that owns more than 10%