Key facts
- This page summarizes Sanford Energy, Inc.'s Form 4 filing for StepStone Group Inc. (STEP).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 04 Dec 2024, 17:32.
Sanford Energy, Inc. - 02 Dec 2024 Form 4 Insider Report for StepStone Group Inc. (STEP)
- Reporting relationship
- Former 10% Owner
- Issuer ticker
- STEP
- Reported as of
- 02 Dec 2024
- Net transaction value
- -$500
- Reporting owner signature
- Sanford Energy, Inc., By /s/ Frederic Dorwart, President
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Sanford Energy, Inc. filed Form 4 for StepStone Group Inc. (STEP) on 04 Dec 2024.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$500.
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.
STEP
transaction
Class B Common Stock
Disposed to Issuer
- Transaction value
- $500
- Shares
- -500,000
- Change %
- -13%
- Price
- $0.001000
- Shares after
- 3,330,328
- Date
- 02 Dec 2024
- Ownership
- Direct
- Footnotes
- F1, F6
STEP
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +500,000
- Change %
- Price
- Shares after
- 500,000
- Date
- 02 Dec 2024
- Ownership
- Direct
- Footnotes
- F1, F5, F6
STEP
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 3,662,708
- Date
- 02 Dec 2024
- Ownership
- Direct
- Footnotes
- F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
STEP
transaction
Derivative
Class B Units
Conversion of derivative security
- Transaction value
- Shares
- -500,000
- Change %
- -13%
- Price
- Shares after
- 3,330,328
- Date
- 02 Dec 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 500,000
- Exercise price
- Footnotes
- F1, F5, F6
STEP
holding
Derivative
Class B Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 3,662,708
- Date
- 02 Dec 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,662,708
- Exercise price
- Footnotes
- F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Sanford Energy, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
On December 2, 2024, Sanford Energy, Inc. ("Sanford") exchanged 500,000 Class B Units of StepStone Group LP for 500,000 shares of Class A Common Stock of the Issuer. In connection with the exchange, 500,000 shares of Class B Common Stock were automatically redeemed and cancelled.
Footnote F2
Robert Waldo beneficially owns 25,000 shares of Class A Common Stock as the direct holder of a corresponding number of Class B Units. Each of ARG Private Equity, LLC ("ARG PE"), ARGO Holdings, LLC ("ARGO Holdings"), and George B. Kaiser disclaims beneficial ownership of these securities to the extent it or he does not have a pecuniary interest therein.
Footnote F3
ARGO Holdings beneficially owns 3,662,708 shares of Class A Common Stock as the direct holder of a corresponding number of Class B Units. ARGO Holdings is managed by ARG PE. ARG PE may be deemed to beneficially own the 3,662,708 shares of Class A Common Stock and corresponding number of Class B Units directly held by ARGO Holdings. Robert Waldo is a manager and Vice President of ARG PE, and thus may be deemed to beneficially own the 3,662,708 shares of Class A Common Stock and corresponding number of Class B Units directly held by ARGO Holdings. George B. Kaiser is the sole member of ARG PE. Mr. Kaiser beneficially owns 3,662,708 shares of Class A Common Stock and corresponding number of Class B Units directly held by ARGO Holdings as the majority owner of ARG PE.
Footnote F4
Each of ARG PE, Mr. Waldo and Mr. Kaiser disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities and Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein, if any.
Footnote F5
The Class B Units 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.
Footnote F6
Sanford directly holds of record 500,000 shares of Class A Common Stock. Sanford beneficially owns an additional 3,330,328 shares of Class A Common Stock as the direct holder of a corresponding number of Class B Units. ARG PE holds a minority interest in Sanford, and Mr. Waldo serves as an advisor to Sanford. Each of Mr. Waldo and Mr. Kaiser disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of his pecuniary interest therein, if any.