KAISER GEORGE B 4
4 · StepStone Group Inc. · Filed Nov 19, 2021
Insider Transaction Report
Form 4
Argonaut Private Equity, L.L.C.
10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock
2021-11-18$0.00/sh−1,330,336$1,330→ 3,662,708 total - Conversion
Class A Common Stock
2021-11-18+1,330,336→ 1,382,836 total - Sale
Class A Common Stock
2021-11-18$51.83/sh−1,330,336$68,951,315→ 52,500 total - Conversion
Class B Units
2021-11-18−1,330,336→ 3,662,708 total→ Class A Common Stock (1,330,336 underlying)
Footnotes (5)
- [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.
- [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.
- [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.
- [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.
- [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.