Key facts
- This page summarizes ARG Private Equity, LLC's Form 4 filing for StepStone Group Inc. (STEP).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 19 Nov 2021, 16:43.
ARG Private Equity, LLC - 18 Nov 2021 Form 4 Insider Report for StepStone Group Inc. (STEP)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- STEP
- Reported as of
- 18 Nov 2021
- Net transaction value
- -$68,952,645
- Reporting owner signature
- ARG Private Equity, LLC; By /s/ Frederic Dorwart, Manager
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
ARG Private Equity, LLC filed Form 4 for StepStone Group Inc. (STEP) on 19 Nov 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$68,952,645.
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
- $1,330
- Shares
- -1,330,336
- Change %
- -27%
- Price
- $0.001000*
- Shares after
- 3,662,708
- Date
- 18 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2, F3
STEP
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +1,330,336
- Change %
- +2534%
- Price
- Shares after
- 1,382,836
- Date
- 18 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4
STEP
transaction
Class A Common Stock
Sale
- Transaction value
- $68,951,315
- Shares
- -1,330,336
- Change %
- -96%
- Price
- $51.83
- Shares after
- 52,500
- Date
- 18 Nov 2021
- Ownership
- Direct
- Footnotes
- F2, F3, F5
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
- -1,330,336
- Change %
- -27%
- Price
- Shares after
- 3,662,708
- Date
- 18 Nov 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,330,336
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
On November 18, 2021, the Reporting Person exchanged 1,330,336 Class B Units of StepStone Group LP for 1,330,336 shares of Class A Common Stock. In connection with the exchange, 1,330,336 shares of Class B Common Stock were automatically redeemed and cancelled.
Footnote F2
27,500 of the Class A Common Stock securities are held of record by Steven R. Mitchell. Each of ARG Private Equity, LLC, ARGO Holdings, LLC, George Kaiser and Robert A. Waldo disclaims beneficial ownership of these securities to the extent it or he does not have a pecuniary interest therein. 25,000 of the Class A Common Stock securities are held of record by Robert A. Waldo. Each of ARG Private Equity, LLC, ARGO Holdings, LLC, George Kaiser and Steven R. Mitchell disclaims beneficial ownership of these securities to the extent it or he does not have a pecuniary interest therein.
Footnote F3
The remaining securities are held of record by ARGO Holdings, LLC. ARGO Holdings, LLC is managed by ARG Private Equity, LLC Steven R. Mitchell has a derivative interest in ARG Private Equity, LLC. Robert A. Waldo is a manager and Vice President of ARG Private Equity, LLC and has a derivative interest therein. George B. Kaiser is the sole member of ARG Private Equity, LLC. Each of Steven R. Mitchell, Robert A. Waldo and George B. 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 F4
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 F5
On November 18, 2021, the Reporting Person sold shares of Class A Common Stock in a secondary offering of Class A Common Stock by certain selling stockholders of the Issuer.