4//SEC Filing
Ment Jason P 4
Accession 0001209191-20-051491
CIK 0001796022other
Filed
Sep 21, 8:00 PM ET
Accepted
Sep 22, 5:00 PM ET
Size
14.8 KB
Accession
0001209191-20-051491
Insider Transaction Report
Form 4
Ment Jason P
See remarksOther
Transactions
- Award
Class A Common Stock
2020-09-18+66,490→ 66,490 total - Purchase
Class A Common Stock
2020-09-18$18.00/sh+4,460$80,280→ 70,950 total - Other
Class B Units
2020-09-18+781,407→ 781,407 total→ Class A Common Stock (781,407 underlying) - Other
Class B2 Units
2020-09-18+346,842→ 346,842 total→ Class A Common Stock (346,842 underlying) - Award
Class B Common Stock
2020-09-18+781,407→ 781,407 total
Footnotes (6)
- [F1]Represents the number of shares of Class A Common Stock issued to the Reporting Person pursuant to an award of restricted stock units under the Issuer's 2020 Long Term Incentive Plan. The award vests in equal annual installments on each of September 30, 2021, 2022, 2023 and 2024, subject to the Reporting Person's continued employment through the applicable vesting date.
- [F2]Represents the purchase of shares of Class A Common Stock in the Issuer's directed share program in connection with its initial public offering ("IPO").
- [F3]In the reorganization (the "Reorganization") of StepStone Group LP (the "Partnership") in connection with the closing of the IPO, shares of Class B Common Stock of the Issuer, par value $0.001 per share, were issued without additional consideration in exchange for interests in the general partner of the Partnership. The Class B Common Stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution, winding up or an exchange of those shares. However, the Class B Common Stock entitles its holder to five votes per share on every matter submitted to the Issuer's stockholders for a vote until the occurrence of a sunset, as described in the Issuer's Amended and Restated Certificate of Incorporation.
- [F4]Pursuant to an Exchange Agreement entered into in connection with the Reorganization, the Class B Units of the Partnership are exchangeable, on a one-for-one basis, for shares of Class A Common Stock. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically redeemed and cancelled.
- [F5]In the Reorganization, Class A Units in the Partnership held prior to the IPO were converted into Class B Units.
- [F6]In the Reorganization, Class A2 Units in the Partnership held prior to the IPO were reclassified into Class B2 Units. The Class B2 Units vest 30% on June 1, 2021 and 5.83% on each quarterly anniversary thereafter, contingent upon the Reporting Person's continued service to the Issuer. Upon the final vesting date of the Class B2 Units, they will automatically convert into Class B Units, which will be exchangeable on a one-for-one basis for shares of Class A Common Stock.
Documents
Issuer
StepStone Group Inc.
CIK 0001796022
Entity typeother
Related Parties
1- filerCIK 0001822643
Filing Metadata
- Form type
- 4
- Filed
- Sep 21, 8:00 PM ET
- Accepted
- Sep 22, 5:00 PM ET
- Size
- 14.8 KB