Park David Y 4

What Happened
David Y. Park, Chief Financial Officer of StepStone Group Inc. (STEP), received two awards on 2026-03-13 totaling 31,992 restricted stock units (RSUs) (9,814 and 22,178 shares). No purchase price applies (award/grant, code A). The RSUs are compensation awards, not an open-market purchase or sale, and will convert to shares only as they vest.

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-17. The filing does not indicate lateness.
• Transaction type/code: Award (A) — restricted stock units (RSUs).
• Shares granted: 9,814 and 22,178 = 31,992 RSUs total. Price: N/A (grant).
• Vesting: Vests in equal annual installments on Feb 14 of 2027, 2028, 2029 and 2030, subject to continued employment (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Notable footnote: F1 confirms these are RSUs under the Issuer’s 2020 Long Term Incentive Plan and outlines the four-year vesting schedule. No 10b5-1 plan, tax-withholding or sale-at-vesting details were disclosed.

Context
RSU grants are a common form of executive compensation and do not require an immediate cash outlay by the insider. Because these awards vest over time, they are not an immediate bullish or bearish trading signal; they represent future potential share issuance (dilution) as vesting occurs and shares are delivered. Retail investors should view this as routine compensation unless combined with other, material insider buying or selling.