SCHEDULE 13G/A: KKR Entities Disclose 67.5% Beneficial Ownership in OneStream, Inc. Class A Common Stock

An amended Schedule 13G filing reveals that various KKR entities collectively hold a 67.5% beneficial ownership stake in OneStream, Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• This document is Amendment No. 1 to a Schedule 13G filing by a group of KKR-affiliated entities regarding their beneficial ownership in OneStream, Inc.
• As of December 31, 2024, the reporting persons, including KKR Group Co. Inc., KKR & Co. Inc., KKR Management LLP, Henry R. Kravis, and George R. Roberts, collectively beneficially own an aggregate of 94,520,232 shares of OneStream, Inc. Class A Common Stock.
• This aggregate ownership represents 67.5% of the outstanding Class A Common Stock of OneStream, Inc.
• The beneficial ownership includes direct holdings of Common Units of OneStream Software LLC, Class C Common Stock, and Class D Common Stock by various KKR investment vehicles.
• Common Units are redeemable for Class D Common Stock on a one-for-one basis, with a corresponding forfeiture of Class C Common Stock.
• Class D Common Stock is convertible into Class A Common Stock on a one-for-one basis at the holder's election and will automatically convert on the first trading day following the seventh anniversary of OneStream's initial public offering.
• The calculation of outstanding Class A Common Stock is based on 45,515,084 shares reported outstanding as of November 26, 2024, plus additional shares issuable upon conversion of Common Units and Class D Common Stock beneficially owned by the reporting persons.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain positive or negative financial performance indicators or forward-looking statements that would influence sentiment beyond a neutral baseline. The large ownership stake by KKR could be seen as a positive signal by some investors, but the document itself is purely informational.

Positives

• The disclosure of a significant, controlling institutional ownership by KKR, a prominent global investment firm, may signal strong confidence in OneStream, Inc.'s long-term prospects.
• KKR Group Co. Inc. and KKR & Co. Inc. collectively hold a substantial 67.5% beneficial interest, indicating a deep strategic commitment to the company.

Future Outlook

NA

Industry Context

This filing highlights the continued significant involvement of major private equity firms like KKR in publicly traded companies, often stemming from prior private investments or take-private transactions. Such large stakes can influence corporate strategy and governance, reflecting a long-term investment horizon typical of private equity.

Stakeholder Impact

• Shareholders: The disclosure of a significant, controlling stake by KKR provides transparency regarding the ownership structure and potential influence on company decisions, which could impact future strategic direction or liquidity.

Key Dates

Keywords

OneStream Inc., KKR, Schedule 13G/A, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Private Equity, Investment Management, Corporate Governance