StepStone CFO acquires 64 shares via ESPP

StepStone Group Inc. Chief Financial Officer David Y. Park increased his direct holdings through the company’s employee stock purchase program.

Rhea-AI Filing Summary

StepStone Group Inc. Chief Financial Officer David Y. Park increased his direct holdings through the company’s employee stock purchase program. On March 31, 2026, he acquired 64 shares of Class A Common Stock under the Employee Stock Purchase Plan, at a price equal to 85% of the Fair Market Value on that date. Following this routine ESPP purchase, he directly owns 50,705 Class A shares.

Insider Trade Summary

Grant/Award: 64 shares

Grant/Award 1 txn

Insider Park David Y

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	64	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 50,705 shares (Direct)

Footnotes (1)

1. F1. On March 31, 2026, the Reporting Person purchased 64 shares of Class A Common Stock pursuant to the Issuer's Employee Stock Purchase Plan (the "ESPP"). The ESPP provides that eligible employees may purchase shares of Class A Common Stock at six month period intervals for a price equal to 85% of the lower of the closing sales price of one share of Class A Common Stock (such price, the "Fair Market Value") on either the first or last trading day of the offering period. The price paid by the Reporting Person represents 85% of the Fair Market Value as of March 31, 2026.

Key Figures

Shares acquired: 64 shares Holdings after transaction: 50,705 shares ESPP purchase discount: 85% of Fair Market Value

3 metrics

Shares acquired 64 shares Class A Common Stock acquired on March 31, 2026 via ESPP

Holdings after transaction 50,705 shares Total direct Class A holdings after March 31, 2026 ESPP purchase

ESPP purchase discount 85% of Fair Market Value Price set at 85% of lower closing price for offering period

Key Terms

Employee Stock Purchase Plan, Fair Market Value, offering period

3 terms

Employee Stock Purchase Plan financial

"purchased 64 shares of Class A Common Stock pursuant to the Issuer's Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Fair Market Value financial

"for a price equal to 85% of the lower of the closing sales price ... the "Fair Market Value""

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

offering period financial

"either the first or last trading day of the offering period"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did StepStone (STEP) CFO David Y. Park report in this Form 4?

StepStone CFO David Y. Park reported acquiring 64 shares of Class A Common Stock. The shares were obtained through the company’s Employee Stock Purchase Plan, a routine program allowing employees to buy stock at a discount to market value.

How many StepStone (STEP) shares does the CFO hold after this transaction?

After this transaction, CFO David Y. Park directly holds 50,705 shares of StepStone Class A Common Stock. This filing reflects only a small increase of 64 shares, indicating a routine employee stock purchase rather than a large directional trade.

How were the 64 StepStone (STEP) shares purchased by the CFO priced?

The 64 shares were purchased at 85% of the Fair Market Value of StepStone’s Class A Common Stock on March 31, 2026. This discounted price is set by the company’s Employee Stock Purchase Plan, which bases the discount on the lower of two reference dates.

What is StepStone (STEP) Employee Stock Purchase Plan mentioned in the Form 4?

The Employee Stock Purchase Plan lets eligible StepStone employees buy Class A shares at six-month intervals. Shares are priced at 85% of the lower closing market price on the first or last trading day of each offering period, providing a structured employee ownership benefit.

Does this StepStone (STEP) Form 4 indicate an open-market stock purchase?

No, the Form 4 shows an acquisition through the Employee Stock Purchase Plan, not an open-market trade. The CFO’s 64-share increase reflects a scheduled plan purchase at a preset discount, typical of broad-based employee stock purchase programs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 02:42 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Park David Y

(Last) (First) (Middle)

C/O STEPSTONE GROUP INC.

277 PARK AVENUE, 45TH FLOOR

(Street)

NEW YORK NEW YORK 10172

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
StepStone Group Inc. [ STEP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class A Common Stock	03/31/2026		A(1)		64	A	(1)	50,705	D

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. On March 31, 2026, the Reporting Person purchased 64 shares of Class A Common Stock pursuant to the Issuer's Employee Stock Purchase Plan (the "ESPP"). The ESPP provides that eligible employees may purchase shares of Class A Common Stock at six month period intervals for a price equal to 85% of the lower of the closing sales price of one share of Class A Common Stock (such price, the "Fair Market Value") on either the first or last trading day of the offering period. The price paid by the Reporting Person represents 85% of the Fair Market Value as of March 31, 2026.

Remarks:

	/s/ Jennifer Ishiguro, Attorney-in-fact for David Y. Park	04/02/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)