Key facts
- This page summarizes StepStone Group LP's Form 4 filing for UserTesting, Inc..
- 6 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 17 Jan 2023, 20:13.
StepStone Group LP - 12 Jan 2023 Form 4 Insider Report for UserTesting, Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 12 Jan 2023
- Net transaction value
- -$170,106,795
- SEC form
- 4
- Accepted by SEC
- 17 Jan 2023, 20:13:19 UTC
- Prior SEC filing
- 15 Nov 2022
- Next SEC filing
- 28 May 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jennifer Y. Ishiguro - for StepStone Group LP, By: StepStone Group Holdings LLC, its General Partner, By:Jennifer Y. Ishiguro, Chief Legal Officer & Secretary
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
StepStone Group LP filed Form 4 for UserTesting, Inc. on 17 Jan 2023.
Change
- Previous filing in this sequence was filed on 15 Nov 2022.
- Current net transaction value: -$170,106,795.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $21,452,925
- Shares
- -2,860,390
- Change %
- -100%
- Price
- $7.50
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- See footnotes
- Footnotes
- F1, F2, F8, F9
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $2,069,685
- Shares
- -275,958
- Change %
- -100%
- Price
- $7.50
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- See footnotes
- Footnotes
- F1, F3, F8, F9
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $35,079,638
- Shares
- -4,677,285
- Change %
- -100%
- Price
- $7.50
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- See footnotes
- Footnotes
- F1, F4, F8, F9
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $39,031,995
- Shares
- -5,204,266
- Change %
- -100%
- Price
- $7.50
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- See footnotes
- Footnotes
- F1, F5, F8, F9
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $64,736,115
- Shares
- -8,631,482
- Change %
- -100%
- Price
- $7.50
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- See footnotes
- Footnotes
- F1, F6, F8, F9
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $7,736,438
- Shares
- -1,031,525
- Change %
- -100%
- Price
- $7.50
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- See footnotes
- Footnotes
- F1, F7, F8, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 9 footnotes
Footnote F1
On October 26, 2022, UserTesting, Inc., a Delaware corporation (the "Company") entered into the Agreement and Plan of Merger (the "Merger Agreement"), with Thunder Holdings, LLC, a Delaware limited liability company ("Parent"), and Thunder Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub merged with and into the Company (such merger and the other transactions contemplated by the Merger Agreement, the "Merger") with the Company surviving the Merger as a wholly owned subsidiary of Parent. Upon the closing of the Merger on January 12, 2023, each share of the Company's Common Stock, par value $0.0001 per share ("Common Stock"), was cancelled and automatically converted into the right to receive an amount in cash, without interest, equal to $7.50, less any applicable withholding taxes.
Footnote F2
The reported securities are held directly by StepStone VC Global Partners VII-A, L.P. StepStone VC General Partner VII, L.P. is the general partner of StepStone VC Global Partners VII-A, L.P.
Footnote F3
The reported securities are held directly by StepStone VC Global Partners VII-C, L.P. StepStone VC General Partner VII, L.P. is the general partner of StepStone VC Global Partners VII-C, L.P.
Footnote F4
The reported securities are held directly StepStone VC Opportunities III, L.P. StepStone VC Opportunities General Partner III, L.P. is the general partner of StepStone VC Opportunities III, L.P.
Footnote F5
The reported securities are held directly StepStone VC Secondaries Fund III, L.P. StepStone VC Secondaries General Partner III, L.P. is the general partner of StepStone VC Secondaries Fund III, L.P.
Footnote F6
The reported securities are held directly StepStone VC Secondaries Fund IV, L.P. StepStone VC Secondaries General Partner IV, L.P. is the general partner of StepStone VC Secondaries Fund IV, L.P.
Footnote F7
The reported securities are StepStone IL Special II, L.P. StepStone VC IL GP II, LLC is the general partner of StepStone IL Special II, L.P.
Footnote F8
StepStone Group LP is the investment manager of StepStone IL Special II, L.P., StepStone VC Global Partners VII-A, L.P., StepStone VC Global Partners VII-C, L.P., StepStone VC Opportunities III, L.P., StepStone VC Secondaries Fund III, L.P., and StepStone VC Secondaries Fund IV, L.P. StepStone Group Holdings LLC is the general partner of Stepstone Group LP, and StepStone Group Inc. is the sole managing member of StepStone Group Holdings LLC. The filing of this Form 4 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of any of the securities reported herein. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest.
Footnote F9
Due to the limitations of the electronic filing system a Reporting Person (STEPSTONE IL SPECIAL II, L.P), is filing a separate Form 4.
SEC remarks
Form 1 of 2