William W. Chen - Sep 27, 2021 Form 4 Insider Report for Sterling Check Corp. (STER)

Role
Director
Signature
/s/ Steven L. Barnett, Attorney-in-Fact for William W. Chen
Stock symbol
STER
Transactions as of
Sep 27, 2021
Transactions value $
-$207,049,714
Form type
4
Date filed
9/29/2021, 04:24 PM
Previous filing
Sep 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STER Common Stock Sale -$207M -9.6M -13.81% $21.56 60M Sep 27, 2021 See Footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is a managing director of Goldman Sachs & Co. LLC ("Goldman Sachs"). Goldman Sachs is a subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.
F2 Pursuant to an underwriting agreement, dated September 22, 2021 (the "Underwriting Agreement"), and in connection with the registered public offering of shares of common stock, par value $0.01 per share, of the issuer ("Common Stock") pursuant to the final prospectus dated September 22, 2021, which offering was consummated on September 27, 2021 (the "Offering"), Checkers Control Partnership, L.P. ("Checkers") and Broad Street Principal Investments, L.L.C. ("BSPI") sold in aggregate 9,603,419 shares of Common Stock, consisting of 6,349,076 shares of Common Stock sold by Checkers and 3,254,343 shares of Common Stock sold by BSPI.
F3 Goldman Sachs was one of the underwriters in the Offering. In Table I above, the per share sale price of $21.5625 set forth in the Underwriting Agreement has been rounded to the nearest whole cent.
F4 Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 59,953,230 shares of Common Stock by reason of the shares of the issuer held by BSPI, Checkers and Broad Street Control Advisors, L.L.C., of which GS Group and affiliates of GS Group are the member, general partner, manager or investment manager, as applicable.