SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Jones Adrian M

(Last) (First) (Middle)
STERLING CHECK CORP.
6150 OAK TREE BOULEVARD, SUITE 490

(Street)
INDEPENDENCE OH 44131

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Sterling Check Corp. [ STER ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2023 S 1,145,486(1)(2) D $11.73 50,099,392 I See Footnotes(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
2. Goldman Sachs (as defined below) was one of the underwriters in the Offering.
3. 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.
4. 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.
Remarks:
/s/ Jamison Yardley, Attorney-in-fact 07/03/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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