Form 4: KKR Sells OneStream Shares Following Secondary Offering

KKR Group Partnership L.P. and related entities have sold a significant portion of their OneStream, Inc. holdings following the company's secondary public offering.

Summary

• KKR Group Partnership L.P. and several affiliated entities have reported the sale of OneStream, Inc. Class A common stock.
• The transactions occurred on November 27, 2024, following the conversion of Class D common stock and common units into Class A common stock.
• The sale price was $29.9925 per share, which is the secondary public offering price of $31.00 less an underwriting discount of $1.0075.
• The total number of Class A shares sold by KKR and its affiliates was 898,957.
• Prior to the sale, KKR entities held various amounts of Class A common stock indirectly through different investment vehicles.
• The transactions were executed to sell shares acquired through the conversion of Class D common stock and common units.

Sentiment

Score: 5

Explanation: The document reflects a standard transaction following a secondary offering, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This transaction is a typical example of a major shareholder selling shares following a secondary offering, which is a common practice in the financial markets.

Comparison to Industry Standards

• Secondary offerings and subsequent sales by major shareholders are a standard practice in the market, particularly after a company goes public.
• KKR's sale is similar to other private equity firms that reduce their stakes in portfolio companies after an IPO or secondary offering.
• The sale price reflects the market price at the time of the secondary offering, minus the standard underwriting discount, which is consistent with industry norms.

Stakeholder Impact

• The sale of shares by KKR may have a minor impact on the share price of OneStream, Inc., but it is a common transaction and likely already factored into the market.

Key Dates

Keywords

OneStream, KKR, Class A Common Stock, Secondary Offering, Share Sale, Class D Common Stock, Common Units, Investment