StepStone Group: Monte Brem Amends Ownership, Filing Dated Dec 31, 2023

TL;DR

**Insider Monte Brem updated his StepStone Group ownership, filed Jan 10, 2024.**

AI Summary

This SC 13D/A filing, an Amendment No. 9, indicates that Monte M. Brem, a reporting person, has updated his beneficial ownership in StepStone Group Inc. (NASDAQ: STEP) as of December 31, 2023. The filing was made on January 10, 2024, and details the Class A Common Stock, Par Value $0.001 Per Share. This matters to investors because it provides transparency into significant ownership changes by key insiders, which can signal confidence or concerns about the company's future performance.

Why It Matters

Changes in beneficial ownership by insiders like Monte M. Brem can influence investor sentiment and potentially impact the stock price of StepStone Group Inc.

Risk Assessment

Risk Level: low — This filing is an update to an existing ownership statement and does not inherently indicate a new, significant risk, but rather a disclosure of changes.

Analyst Insight

Investors should review the full SC 13D/A filing to understand the specific changes in Monte M. Brem's beneficial ownership, as this can provide insight into insider confidence in StepStone Group Inc.'s future.

Key Players & Entities

• Monte M. Brem (person) — Reporting Person
• StepStone Group Inc. (company) — Subject Company (Issuer)
• Jennifer Y. Ishiguro (person) — Chief Legal Officer & Secretary of StepStone Group Inc.
• $0.001 (dollar_amount) — Par Value Per Share of Class A Common Stock
• December 31, 2023 (date) — Date of Event Which Requires Filing
• January 10, 2024 (date) — Filing Date

Forward-Looking Statements

• The updated ownership by Monte M. Brem will be further detailed in the full filing, potentially showing an increase or decrease in his stake. (Monte M. Brem) — medium confidence, target: N/A

FAQ

Key Financial Figures

• $0.001 — suer) Class A Common Stock, Par Value $0.001 Per Share (Title of Class of Securiti

Filing Documents

• d714853dsc13da.htm (SC 13D/A) — 133KB
• 0001193125-24-005926.txt ( ) — 134KB

Security and Issuer

Item 1. Security and Issuer This statement on Schedule 13D (this Statement ) relates to the Reporting Persons (as defined in Item 2 below) beneficial principal executive offices of the Issuer is 277 Park Avenue, 45th Floor, New York, NY 10172. This amendment (the Amendment ) amends the prior statement on Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission on September 21, 2020, as amended on March 25, 2021, September 29, 2021, October 28, 2021, November 4, 2021, November 26, 2021, October 20, 2022, November 18, 2022, and March 10, 2023 (the Original Filing and, as amended by this Amendment, the Schedule 13D ). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Original Filing.

Identity and Background

Item 2. Identity and Background

of the Schedule 13D is hereby amended and supplemented as follows

Item 2 of the Schedule 13D is hereby amended and supplemented as follows: This Statement is being filed jointly by Monte M. Brem, Scott W. Hart, Jason P. Ment, Jose A. Fernandez, Michael I. McCabe and Thomas Keck. The foregoing persons are referred to collectively as the Reporting Persons . Each of the Reporting Persons is filing in his capacity as a member of the Class B Committee. In addition, Messrs. Brem, Hart, Fernandez, McCabe and Keck are filing as the direct owners of more than 5% of the Class B units (the Class B Units ) of StepStone Group LP (the Partnership ). Johnny D. Randel is no longer a member of the Class B Committee and is filing this Amendment to indicate that he is no longer a Reporting Person for purposes of this Schedule 13D. The Reporting Persons constitute the current members of the Class B Committee. As described more fully below, pursuant to the Stockholders Agreement, the members of the Class B Committee have the right to direct the voting of certain shares of Class A Common Stock and Class B common stock, par value $0.001 per share (the Class B Common Stock ), of the Issuer. As a result, the Reporting Persons may be deemed to have beneficial ownership over 51,357,377 shares of voting stock held by stockholders party to the Stockholders Agreement. As of the date of this filing, the members of the Class B Committee collectively beneficially own, directly or indirectly, approximately 33.9% of the aggregate voting power of the Class A Common Stock and Class B Common Stock, and the parties to the Stockholders Agreement (inclusive of the Class B Committee) collectively hold, directly or indirectly, approximately 68.9% of the aggregate voting power of the Class A Common Stock and Class B Common Stock. As a result of the arrangement set forth in the Stockholders Agreement, the Class B Committee is expected to control the outcome of matters submitted to the Issuers stockholders until a Sunset has occurred. (a) As of the date of this Stat

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a) and (b) Items 5(a) and 5(b) of Schedule 13D are amended to reflect the following: The following table sets forth the aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person. The aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person is calculated in accordance with Rule 13d-3, but excluding any shares beneficial owned solely by virtue of the Stockholders Agreement. Each of the Reporting Persons may be deemed to have beneficial ownership over 51,357,377 shares of voting stock held by Class A stockholders, Class B stockholders and Class C unitholders party to the Stockholders Agreement (inclusive of the shares listed in the table), representing 49.8% of Class A Common Stock outstanding (assuming that the 38,188,695 Class B Units and the 938,292 Class C Units subject to the Stockholders Agreement and eligible to be exchanged are exchanged), which has been omitted from the table below. Reporting Person Number of Shares With Dispositive Power Percentage of Class A Common Stock Outstanding(1) Monte M. Brem 2,905,953 4.3 % Scott W. Hart 3,062,755 4.6 % Jason P. Ment 822,093 1.3 % Jose A. Fernandez 5,369,748 7.7 % Michael I. McCabe 3,770,874 5.6 % Thomas Keck 4,577,248 6.7 % (1) Based on 64,068,952 shares of Class A Common Stock issued and outstanding as of December 31, 2023, and assuming that the Reporting Persons exchange all of the Class B Units held directly or indirectly by them for shares of Class A Common Stock on a one-for-one basis, but no other Reporting Person or party to the Stockholders Agreement exchanges their Class B Units or Class C Units. (c) Item 5(c) of Schedule 13D is hereby amended and supplemented as follows: On February 14, 2024, Mr. Hart will receive 6,631 shares of Class A Common Stock, Mr. Ment will receive 4,905 shares of Class A Com

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct. Dated: January 10, 2024 1. /s/ Jennifer Ishiguro, Attorney-in-Fact Monte M. Brem 2. /s/ Jennifer Ishiguro, Attorney-in-Fact Scott W. Hart 3. /s/ Jennifer Ishiguro, Attorney-in-Fact Jason P. Ment 4. /s/ Jennifer Ishiguro, Attorney-in-Fact Jose A. Fernandez 5. /s/ Jennifer Ishiguro, Attorney-in-Fact Johnny D. Randel 6. /s/ Jennifer Ishiguro, Attorney-in-Fact Michael I. McCabe 7. /s/ Jennifer Ishiguro, Attorney-in-Fact Thomas Keck

View Full Filing

View this SC 13D/A filing on SEC EDGAR