Form 4: KKR Sells Shares in OneStream Following IPO

KKR Group Partnership L.P. and related entities sold shares of OneStream, Inc. Class A Common Stock at $18.85 per share on July 25, 2024, following the company's initial public offering.

Summary

• KKR Group Partnership L.P. and several related entities filed a Form 4 with the SEC on July 29, 2024, reporting changes in beneficial ownership of OneStream, Inc. securities.
• The transactions occurred on July 25, 2024, and involved the conversion of Common Units and Class D Common Stock into Class A Common Stock, followed by the sale of Class A Common Stock at a price of $18.85 per share.
• A total of 2,401,060 Common Units were sold.
• The sales were conducted by various KKR-affiliated entities, including KKR Dream Holdings LLC, KKR Americas XII (Dream) Blocker Parent L.P., and others.
• The reporting persons disclaim beneficial ownership of the securities, except to the extent of their pecuniary interest.
• The filing indicates that these transactions were related to OneStream's initial public offering, where a portion of the proceeds was used to purchase Common Units from pre-IPO equity holders at $18.85 per unit.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reflects a standard post-IPO transaction. KKR is realizing some of its investment.

Industry Context

Private equity firms like KKR often monetize their investments following a company's IPO, and this filing reflects such a transaction.

Stakeholder Impact

• The sale of shares by a major shareholder like KKR could create short-term selling pressure on the stock.
• However, it also provides liquidity and may broaden the shareholder base.

Key Dates