3 unchanged sentences
Holders of Record
−Removed: As of May 21, 2025, there were three stockholders of record of our Class A common stock and there were 55 stockholders of record of our Class B common stock.
+Added: As of May 20, 2026, there were two stockholders of record of our Class A common stock and there were 52 stockholders of record of our Class B common stock.
The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
5 unchanged sentences
See “Risk Factors—Risks Related to Our Organizational Structure—We currently pay dividends to our stockholders, but our ability to do so is subject to the discretion of our board of directors and may be limited by our holding company structure and applicable provisions of Delaware law.
+Added: In addition, any repurchases of our Class A common stock are discretionary and may be limited by applicable legal requirements and other considerations.”
The following table presents information regarding quarterly dividends on Class A common shares for the periods indicated:
2 unchanged sentences
First quarter June 30, 2023 $ 0.20
+Added: Supplemental 2
+Added: June 30, 2023 0.25
Second quarter September 15, 2023 0.21
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Issuer Purchases of Equity Securities
+Added: The following table sets forth information regarding repurchases of our Class A common stock during the three months ended March 31, 2026:
+Added: (in thousands, except share and per share amounts) Total Number of Shares Purchased (1)
+Added: Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program (2)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (2)
+Added: January 1 - January 31, 2026 — $ — — $ —
+Added: February 1 - February 28, 2026 — $ — — $ —
+Added: March 1 - March 31, 2026 194,574 $ 44.77 194,574 $ 91,289
+Added: Total 194,574 194,574
+Added: ______________________________
+Added: (1) During the three months ended March 31, 2026, 7,050 shares of Class A common stock were purchased in conjunction with the payment of tax liabilities in respect of stock delivered to our employees in settlement of vested equity-based awards.
+Added: These shares were not repurchased as part of any publicly announced stock repurchase program and are not included within the total number of shares purchased above or the stock repurchase program described below.
+Added: (2) On March 9, 2026, our board of directors authorized a stock repurchase program of up to $100.0 million of our Class A common stock, excluding fees and expenses.
+Added: Under the stock repurchase program, repurchases may be made from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act.
+Added: The stock repurchase program may be modified, suspended or discontinued by the board of directors at any time without prior notice and does not have a specified expiration date.
+Added: Each share of Class A common stock repurchased is funded with the proceeds, on a dollar-for-dollar basis, from the repurchase of Class A units by the Partnership from us in order to maintain the one-to-one ratio between outstanding shares of Class A common stock and Class A units.
+Added: See note 14 to our consolidated financial statements included in Part II, Item 8 of this annual report for more information.
Stock Performance Graph
The following performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing, or otherwise subject to the liabilities under the Securities Act or Exchange Act, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: The following graph depicts the total cumulative stockholder return on our common stock from September 16, 2020, the first day of trading of our Class A common stock on Nasdaq, through March 31, 2025, relative to the performance of the S&P 500 Index and the Dow Jones US Asset Managers Index.
−Removed: The graph assumes an initial investment of $100.00 at the close of trading on September 16, 2020 and that all dividends paid by companies included in these indices have been reinvested.
+Added: The following graph depicts the total cumulative stockholder return on our common stock from March 31, 2021 through March 31, 2026, relative to the performance of the S&P 500 Index and the Dow Jones US Asset Managers Index.
+Added: The graph assumes an initial investment of $100.00 at the close of trading on March 31, 2021 and that all dividends paid by companies included in these indices have been reinvested.
The performance shown in the graph below is not intended to forecast or be indicative of future stock price performance.
−Removed: September 16, 2020 March 31, 2021 March 31, 2022 March 31, 2023 March 31, 2024 March 31, 2025
+Added: March 31, 2021 March 31, 2022 March 31, 2023 March 31, 2024 March 31, 2025 March 31, 2026
StepStone Group Inc.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.