4//SEC Filing
KAISER GEORGE B 4
Accession 0001821971-24-000001
CIK 0001796022other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 5:32 PM ET
Size
19.7 KB
Accession
0001821971-24-000001
Insider Transaction Report
Form 4
Sanford Energy, Inc.
10% Owner
Transactions
- Conversion
Class A Common Stock
2024-12-02+500,000→ 500,000 total - Disposition to Issuer
Class B Common Stock
2024-12-02$0.00/sh−500,000$500→ 3,330,328 total - Conversion
Class B Units
2024-12-02−500,000→ 3,330,328 total→ Class A Common Stock (500,000 underlying)
Holdings
- 3,662,708
Class B Common Stock
- 3,662,708
Class B Units
→ Class A Common Stock (3,662,708 underlying)
Argonaut Private Equity, L.L.C.
10% Owner
Transactions
- Conversion
Class A Common Stock
2024-12-02+500,000→ 500,000 total - Conversion
Class B Units
2024-12-02−500,000→ 3,330,328 total→ Class A Common Stock (500,000 underlying) - Disposition to Issuer
Class B Common Stock
2024-12-02$0.00/sh−500,000$500→ 3,330,328 total
Holdings
- 3,662,708
Class B Common Stock
- 3,662,708
Class B Units
→ Class A Common Stock (3,662,708 underlying)
Argonaut Holdings, L.L.C.
10% Owner
Transactions
- Conversion
Class A Common Stock
2024-12-02+500,000→ 500,000 total - Disposition to Issuer
Class B Common Stock
2024-12-02$0.00/sh−500,000$500→ 3,330,328 total - Conversion
Class B Units
2024-12-02−500,000→ 3,330,328 total→ Class A Common Stock (500,000 underlying)
Holdings
- 3,662,708
Class B Common Stock
- 3,662,708
Class B Units
→ Class A Common Stock (3,662,708 underlying)
KAISER GEORGE B
10% Owner
Transactions
- Conversion
Class B Units
2024-12-02−500,000→ 3,330,328 total→ Class A Common Stock (500,000 underlying) - Conversion
Class A Common Stock
2024-12-02+500,000→ 500,000 total - Disposition to Issuer
Class B Common Stock
2024-12-02$0.00/sh−500,000$500→ 3,330,328 total
Holdings
- 3,662,708
Class B Units
→ Class A Common Stock (3,662,708 underlying) - 3,662,708
Class B Common Stock
Waldo Robert
Director10% Owner
Transactions
- Conversion
Class A Common Stock
2024-12-02+500,000→ 500,000 total - Conversion
Class B Units
2024-12-02−500,000→ 3,330,328 total→ Class A Common Stock (500,000 underlying) - Disposition to Issuer
Class B Common Stock
2024-12-02$0.00/sh−500,000$500→ 3,330,328 total
Holdings
- 3,662,708
Class B Common Stock
- 3,662,708
Class B Units
→ Class A Common Stock (3,662,708 underlying)
Footnotes (6)
- [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.
- [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.
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
StepStone Group Inc.
CIK 0001796022
Entity typeother
Related Parties
1- filerCIK 0001163432
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 5:32 PM ET
- Size
- 19.7 KB