Jeffrey David Amends StepStone Group Stake Filing

TL;DR

Jeffrey David updated his StepStone Group stake filing. Watch for more details.

AI Summary

Jeffrey David filed an amendment (No. 1) to Schedule 13D on July 12, 2024, regarding StepStone Group Inc. The filing indicates a change in beneficial ownership of Class A Common Stock. The specific details of the change, including the number of shares and percentage of ownership, are not fully detailed in the provided text but represent an update to a previous filing.

Why It Matters

This filing signals a potential shift in control or significant investment by Jeffrey David in StepStone Group Inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position, which can lead to increased volatility or strategic shifts for the company.

Key Players & Entities

• Jeffrey David (person) — Filing person making amendment
• StepStone Group Inc. (company) — Subject company
• Jennifer Y. Ishiguro (person) — Authorized to receive notices

FAQ

Key Financial Figures

• $0.001 — suer) Class A Common Stock, Par Value $0.001 Per Share (Title of Class of Securiti
• $46.85 — 5,000 shares of Class A Common Stock at $46.85 per share on July 11, 2024. (e) The R

Filing Documents

• d781823dsc13da.htm (SC 13D/A) — 34KB
• 0001193125-24-178580.txt ( ) — 36KB

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 by David Jeffrey (the Reporting Person ). On July 11, 2024, the Reporting Person ceased to be the beneficial owner of more than five percent of the Class A Common Stock. (a) As of the date of this Statement, the Reporting Person beneficially owns 3,406,128 shares of Class A Common Stock as the direct holder of 295,000 shares of Class A Common Stock and the direct holder of 3,111,128 Class B Units. (b) The business address of the Reporting Person is c/o StepStone Group Inc., 277 Park Avenue, 45th Floor, New York, NY 10172. Item4. Purpose of Transaction

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

Item 4 of the Schedule 13D is hereby amended and supplemented as follows: In June 2024, the Reporting Person entered into a sales plan (the 10b5-1 Plan) with Morgan Stanley Smith Barney LLC, which provides for the sale of up to 60,000 shares of Class A Common Stock. All sales of shares of Class A Common Stock under the 10b5-1 Plan are subject to certain minimum price conditions. Item5. 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 the Reporting Person. The aggregate number and percentage of the Class A Common Stock beneficially owned by the Reporting Person is calculated in accordance with Rule 13d-3. Reporting Person Number of Shares With Dispositive Power Percentage of Class A Common Stock Outstanding(1) David Jeffrey 3,406,128 4.8 % (1) Based on 67,931,869 shares of Class A Common Stock issued and outstanding as of July 1, 2024, and assuming that the Reporting Person exchanges all of the Class B Units held directly or indirectly by him for shares of Class A Common Stock on a one-for-one basis, but no other unitholder exchanges their Class B Units. (c) Item 5(c) of Schedule 13D is hereby amended and supplemented as follows: Other than the transactions described below and disclosed in the Original Filing, the Reporting Person has not effected any transactions involving the beneficial ownership of Class A Common Stock during the sixty (60) days prior to the date of this statement. With respect to the sale transactions reported below, unless otherwise stated, each days sales comprised open market transactions made on that day, and the price per share reported is the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer full information regarding th

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: July 12, 2024 /s/ Jennifer Ishiguro, Attorney-in-Fact David Jeffrey

View Full Filing

View this SC 13D/A filing on SEC EDGAR