StepStone (STEP) CFO David Park Buys 70 Shares via ESPP

What Happened

• David Y. Park, Chief Financial Officer of StepStone Group Inc. (STEP), purchased 70 shares of Class A common stock on September 30, 2026. The reported acquisition price was $36.89 per share, for a total cash outlay of about $2,582. This was an employee purchase through the issuer's Employee Stock Purchase Plan (ESPP).

Key Details

• Transaction date and price: 2026-09-30, 70 shares at $36.89/share (total ≈ $2,582).
• Filing date: Form 4 filed 2026-10-01 (one day after the transaction); no late filing indicated in the report.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnote: purchase was made under the ESPP; the plan allows purchases at 85% of the lower of the offering-period start or end fair market value. The price paid represents 85% of the Fair Market Value as of Sep 30, 2026.

Context

• This was an ESPP purchase — a routine, payroll-funded buy at a preset discount (85% here), common for employees and often viewed as a routine way to accumulate shares rather than an active market-timing trade.
• The dollar amount is modest, so while purchases can be a positive signal, this single small ESPP buy should be weighed with broader insider activity and company fundamentals.