Jose A. Fernandez - Nov 11, 2025 Form 4 Insider Report for StepStone Group Inc. (STEP)

Signature
/s/ Jennifer Ishiguro, Attorney-in-fact for Jose A. Fernandez
Stock symbol
STEP
Transactions as of
Nov 11, 2025
Transactions value $
-$13,120,536
Form type
4
Date filed
11/13/2025, 05:53 PM
Previous filing
Oct 1, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Fernandez Jose A Co-Chief Operating Officer, Director C/O STEPSTONE GROUP INC., 277 PARK AVENUE, 45TH FLOOR, NEW YORK /s/ Jennifer Ishiguro, Attorney-in-fact for Jose A. Fernandez 2025-11-13 0001822276

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEP Class A Common Stock Sale -$4.31M -70.2K -33.24% $61.41 141K Nov 11, 2025 By Trust F1
transaction STEP Class A Common Stock Sale -$12.4K -200 -0.14% $62.07 141K Nov 11, 2025 By Trust F2
transaction STEP Class A Common Stock Sale -$407K -6.59K -4.68% $61.73 134K Nov 12, 2025 By Trust F3
transaction STEP Class A Common Stock Sale -$3.62M -57.8K -43.06% $62.70 76.4K Nov 12, 2025 By Trust F4
transaction STEP Class A Common Stock Sale -$380K -6.02K -7.88% $63.17 70.4K Nov 12, 2025 By Trust F5
transaction STEP Class A Common Stock Sale -$3.45M -55.4K -78.75% $62.18 15K Nov 13, 2025 By Trust F6
transaction STEP Class A Common Stock Sale -$939K -15K -100% $62.75 0 Nov 13, 2025 By Trust F7
holding STEP Class A Common Stock 11.7K Nov 11, 2025 Direct
holding STEP Class B Common Stock 3.22M Nov 11, 2025 By Trust
holding STEP Class B Common Stock 1.61M Nov 11, 2025 By Santaluz Capital Partners, LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $60.97 to $61.96. The price reported above reflects the weighted average sales 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.
F2 This transaction was executed pursuant to a Rule 10b5-1 trading plan at a price of $62.07. 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.
F3 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $61.02 to $62.01. The price reported above reflects the weighted average sales 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.
F4 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $62.02 to $63.01. The price reported above reflects the weighted average sales 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.
F5 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $63.02 to $63.39. The price reported above reflects the weighted average sales 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.
F6 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $61.55 to $62.54. The price reported above reflects the weighted average sales 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.
F7 This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $62.55 to $63.18. The price reported above reflects the weighted average sales 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.