StepStone Group Inc. Files SC 13D/A Amendment
Ticker: STEP · Form: SC 13D/A · Filed: Aug 21, 2024 · CIK: 1796022
| Field | Detail |
|---|---|
| Company | Stepstone Group Inc. (STEP) |
| Form Type | SC 13D/A |
| Filed Date | Aug 21, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: STEP
TL;DR
StepStone Group Inc. (STEP) filed a 13D/A amendment. Ownership change incoming.
AI Summary
On August 19, 2024, StepStone Group Inc. filed an amendment (No. 16) to its Schedule 13D. This filing indicates a change in beneficial ownership of the company's Class A Common Stock. The filing was made by Brem Monte M, located at 450 Lexington Avenue, New York, NY.
Why It Matters
This amendment to a Schedule 13D filing signifies a change in significant ownership stakes, which can impact the company's stock price and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant shifts in major shareholder positions, which can lead to increased volatility.
Key Numbers
- Amendment No. 16 — Filing Amendment Number (Indicates this is a significant update to previous filings.)
Key Players & Entities
- StepStone Group Inc. (company) — Subject Company
- Brem Monte M (company) — Filing Person
- Jennifer Y. Ishiguro (person) — Authorized Contact
- Jason P. Ment (person) — Group Member
- Jose A. Fernandez (person) — Group Member
- Michael I. McCabe (person) — Group Member
- Scott W. Hart (person) — Group Member
- Thomas Keck (person) — Group Member
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing does not specify the exact changes in beneficial ownership in the provided text, only that an amendment has been filed.
Who is Brem Monte M and what is their relationship to StepStone Group Inc.?
Brem Monte M is listed as the filing person, with a business address at 450 Lexington Avenue, New York, NY.
When was the event requiring this filing amendment?
The date of the event which requires filing of this statement is August 19, 2024.
Has StepStone Group Inc. previously filed a Schedule 13G for this acquisition?
The filing states, 'If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,' implying it's possible but not confirmed in this excerpt.
Who is authorized to receive notices and communications regarding this filing?
Jennifer Y. Ishiguro, Chief Legal Officer & Secretary of StepStone Group Inc., is authorized to receive notices and communications.
Filing Stats: 2,755 words · 11 min read · ~9 pages · Grade level 9.6 · Accepted 2024-08-21 18:23:48
Key Financial Figures
- $0.001 — suer) Class A Common Stock, Par Value $0.001 Per Share (Title of Class of Securiti
Filing Documents
- d881654dsc13da.htm (SC 13D/A) — 116KB
- 0001193125-24-204591.txt ( ) — 117KB
of the
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 ). 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 49,005,030 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 34.7% 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 66.8% 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 Statement: (i) Monte M. Brem beneficially owns 2,905,953 shares of Class A Common Stock as the beneficial owner of 2,905,953 Class B Units owned by MMAR HNL, LLC; (ii) Scott W. Hart
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: August 21, 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 Michael I. McCabe 6. /s/ Jennifer Ishiguro, Attorney-in-Fact Thomas Keck