Adrian M. Jones - Jun 30, 2023 Form 4 Insider Report for Sterling Check Corp. (STER)

Role
Director
Signature
/s/ Jamison Yardley, Attorney-in-fact
Stock symbol
STER
Transactions as of
Jun 30, 2023
Transactions value $
-$13,436,551
Form type
4
Date filed
7/3/2023, 03:38 PM
Previous filing
Jun 14, 2023
Next filing
Dec 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STER Common Stock Sale -$13.4M -1.15M -2.24% $11.73 50.1M Jun 30, 2023 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 Pursuant to an underwriting agreement, dated June 7, 2023 and the exercise, in part, of the option to purchase additional shares of common stock, par value $0.01 per share, of the issuer ("Common Stock") in connection with the secondary offering of shares of Common Stock pursuant to the final prospectus supplement dated June 7, 2023, which secondary offering was consummated on June 12, 2023 (the "Offering"), Checkers Control Partnership, L.P. ("Checkers") and Broad Street Principal Investments, L.L.C. ("BSPI") sold in the aggregate 1,145,486 shares of Common Stock, consisting of 757,310 shares of Common Stock sold by Checkers and 388,176 shares of Common Stock sold by BSPI.
F2 Goldman Sachs (as defined below) was one of the underwriters in the Offering.
F3 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.
F4 As of June 30, 2023, after giving effect to the sale described in this Form 4, Goldman Sachs and GS Group may be deemed to beneficially own indirectly 32,928,405 shares of Common Stock held by Checkers, 16,878,275 shares of Common Stock held by BSPI and 1,064 shares of Common Stock held by Broad Street Control Advisors, L.L.C., in each case of which GS Group and affiliates of GS Group are the member, general partner, manager or investment manager, as applicable. In addition, as of June 30, 2023, GS Group and Goldman Sachs may be deemed to beneficially own all of the abovementioned shares of Common Stock and are deemed to beneficially own an additional 291,648 shares of Common Stock.