Form 4: KKR Sells Shares in OneStream Following IPO

KKR Group Partnership L.P. and related entities report the sale of OneStream Class A Common Stock and related transactions following the company's initial public offering.

Summary

• KKR Group Partnership L.P. and several related entities filed a Form 4 detailing changes in beneficial ownership of OneStream, Inc. securities on July 25, 2024.
• The transactions involve the conversion of Common Units into Class D Common Stock and subsequent conversion into Class A Common Stock, followed by the sale of Class A Common Stock.
• A total of 2,401,060 Common Units were disposed of at a price of $18.85 per unit.
• The sales of Class A Common Stock were also executed at $18.85 per share.
• The reporting entities include KKR Group Partnership L.P., Kohlberg Kravis Roberts & Co. L.P., KKR & Co. GP LLC, KKR Holdco LLC, KKR Group Holdings Corp., KKR Group Co. Inc., KKR & Co. Inc., KKR Management LLP, Henry R. Kravis, and George R. Roberts.
• The transactions were made pursuant to OneStream's initial public offering, where a portion of the proceeds was used to purchase Common Units from pre-IPO equity holders.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing transactions. The sale itself doesn't necessarily indicate a positive or negative outlook, but rather a portfolio adjustment.

Future Outlook

The document does not contain specific forward-looking statements regarding OneStream's future performance or KKR's future investment strategy.

Industry Context

This filing reflects post-IPO activity where major shareholders, like KKR, adjust their holdings following the initial public offering, which is a common occurrence.

Stakeholder Impact

• The sale of shares by a major shareholder like KKR could potentially influence investor sentiment, although the impact is likely to be limited given that it's a common post-IPO activity.

Key Dates