SITTEMA THOMAS KENT 4

What Happened

• Thomas K. Sittema, a director of StepStone Private Equity Strategies Fund, reported purchases of Class I shares (transaction code P). He acquired 19,083.969 shares at $10.48 on 2025-12-11 for $200,000 and 61,892.131 shares at $11.31 on 2026-01-30 for $700,000 — a combined purchase value of $900,000. Purchases (vs. sales) are typically treated as a more direct signal of an insider adding to their position, though motivations are not disclosed.

Key Details

• Transaction dates and prices:
  • 2025-12-11: 19,083.969 shares @ $10.48 = $200,000
  • 2026-01-30: 61,892.131 shares @ $11.31 = $700,000
• Transaction type: P = Purchase (open market or private purchase)
• Shares owned after these transactions: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Includes Class I Shares received pursuant to the issuer’s dividend reinvestment plan.
  • F2: Corrects an inadvertent overreporting of 100,000 Class I shares in the reporting person’s prior Form 4 filed Sept 18, 2025.
• Filing timeliness: Form 4 was filed 2026-02-03; no late-filing flag was indicated in the provided data.

Context

• These were outright purchases (not option exercises or gifts). Purchases can be viewed by investors as insiders increasing exposure to the issuer, but the filing provides only the transaction details — it does not explain the insider’s reasons. The dividend reinvestment plan note (F1) indicates some shares may have been received through reinvested dividends rather than only open-market buys.