StepStone Group (STEP) Head of Strategy adds 120,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
StepStone Group Inc. director and Head of Strategy Michael I. McCabe reported open-market purchases of Class A Common Stock. He bought a total of 120,000 shares on June 11, 2026 in two transactions: 23,113 shares at $42.44 per share and 96,887 shares at $41.71 per share, with prices reflecting weighted averages from multiple trades. After these trades, he directly owned 410,065 Class A shares and indirectly owned 122,209 Class A shares through Benzy LLC. His Class B Common Stock holdings were 1,906,142 shares directly and 937,416 shares indirectly via Benzy LLC.
Positive
- None.
Negative
- None.
Insights
McCabe made a sizable open-market share purchase, increasing his direct equity exposure.
Michael I. McCabe, a director and Head of Strategy at StepStone Group Inc., executed two open-market purchases of Class A Common Stock totaling 120,000 shares on June 11, 2026. The trades were carried out at weighted average prices of $42.44 and $41.71 per share, based on multiple executions within narrow intraday ranges.
Following these transactions, McCabe held 410,065 Class A shares directly and an additional 122,209 Class A shares indirectly through Benzy LLC. He also reported substantial Class B holdings, both direct and indirect. Because these are open-market purchases rather than option exercises or tax withholdings, they typically signal increased personal capital committed to the stock, although the filing does not provide broader context such as total shares outstanding or any trading plan.
Insider Trade Summary
Net Buyer: 120,000 shares ($5,022,072)
Net Buy
5 txns
Insider
McCabe Michael I
Role
Head of Strategy
Bought
120,000 shs ($5.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 96,887 | $41.71 | $4.04M |
| Purchase | Class A Common Stock | 23,113 | $42.44 | $981K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 410,065 shares (Direct, null);
Class A Common Stock — 122,209 shares (Indirect, By Benzy LLC);
Class B Common Stock — 1,906,142 shares (Direct, null);
Class B Common Stock — 937,416 shares (Indirect, By Benzy LLC)
Footnotes (1)
- The sales reported in this Form 4 were effected in multiple trades at prices ranging from $41.25 to $42.24. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected. The sales reported in this Form 4 were effected in multiple trades at prices ranging from $42.26 to $42.62. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Total shares purchased: 120,000 shares
First purchase block: 23,113 shares at $42.44/share
Second purchase block: 96,887 shares at $41.71/share
+4 more
7 metrics
Total shares purchased
120,000 shares
Open-market Class A purchases on June 11, 2026
First purchase block
23,113 shares at $42.44/share
Class A Common Stock, weighted average price
Second purchase block
96,887 shares at $41.71/share
Class A Common Stock, weighted average price
Direct Class A holdings
410,065 shares
Shares of Class A Common Stock directly owned after transactions
Indirect Class A holdings
122,209 shares
Class A Common Stock held indirectly through Benzy LLC
Direct Class B holdings
1,906,142 shares
Class B Common Stock directly owned
Indirect Class B holdings
937,416 shares
Class B Common Stock held indirectly through Benzy LLC
Key Terms
Class A Common Stock, Class B Common Stock, open-market purchase, indirect ownership, +1 more
5 terms
Class A Common Stock financial
"The transactions involve purchases of Class A Common Stock at weighted average prices."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"Holdings include Class B Common Stock directly and indirectly through Benzy LLC."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
open-market purchase financial
"The transaction_action field describes an open-market purchase of shares."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"Indirect ownership is reported through Benzy LLC for certain Class A and Class B shares."
weighted average purchase price financial
"Footnotes state the price reflects the weighted average purchase price across multiple trades."
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
FAQ
What did StepStone Group (STEP) executive Michael McCabe report in this Form 4?
Michael McCabe reported open-market purchases of StepStone Group Class A Common Stock. He bought a total of 120,000 shares on June 11, 2026, increasing his direct and indirect equity holdings in the company.
Does Michael McCabe have indirect ownership in StepStone Group through an entity?
Yes. The Form 4 shows indirect ownership through Benzy LLC. Benzy LLC held 122,209 shares of Class A Common Stock and 937,416 shares of Class B Common Stock, which are attributed as indirect holdings for Michael McCabe.
Were Michael McCabe’s StepStone Group trades on June 11, 2026 single or multiple executions?
The filing states the trades were executed in multiple transactions within price ranges. The reported per-share prices of $42.44 and $41.71 represent weighted average purchase prices across those individual executions.