secwatch.observer — SEC 8-K summary
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Issuer:     StepStone Group Inc. (STEP)
CIK:        0001796022
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001193125-25-132146
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

StepStone closes 2025 Exchange, acquires ~5% each in SRE/SRA/SPD for $11M cash and 756K shares
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- Completed second exchange under Feb 2024 transaction agreements for equity in three asset class entities.
- Consideration: $11M cash, 756,105 Class A shares, and 2,438,403 Class D Units; all unregistered.
- Ownership increased to ~60% of SRE and SRA, and ~61% of SPD after the exchange.
- Class A shares issued to SPD seller subject to transfer restrictions; Class D Units exchangeable for Class A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796022/000119312525132146/0001193125-25-132146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796022/000119312525132146/d934252d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-132146

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