Fernandez Jose A 4

What Happened

• Jose A. Fernandez, Chief Operating Officer of StepStone Group Inc. (STEP), sold a total of 202,290 Class A shares in open‑market transactions between June 1–3, 2026, for aggregate proceeds of approximately $9.61 million. Individual reported trades include 28,324 @ $47.90 ($1,356,720); 56,176 @ $48.57 ($2,728,468); 12,117 @ $49.78 ($603,184); 3,383 @ $50.59 ($171,146); 85,200 @ $46.41 ($3,954,132); 14,800 @ $47.33 ($700,484); and 2,290 @ $42.64 ($97,646). These were sales (not purchases) and therefore do not indicate a new insider purchase signal.

Key Details

• Dates and prices: Trades occurred June 1–3, 2026. Reported per‑trade weighted averages and totals are listed above; trade price ranges per footnotes: $47.25–48.24; $48.25–49.18; $49.31–50.29; $50.31–50.93; $46.00–46.99; $47.00–47.76; and $42.64.
• 10b5‑1 plans: Footnotes F1–F7 state these sales were executed pursuant to Rule 10b5‑1 trading plans (multiple trades and weighted average prices reported).
• Holdings after transaction: The amount sold (202,290 shares) matches the previously reported 202,290 shares held indirectly through the Fernandez Family Trust (see F8). The filing corrects prior clerical errors and notes 16,538 shares held directly (see footnote F8); investors should consult the Form 4 for the exact post‑transaction beneficial ownership line items.
• Filing timeliness: Form filed June 3, 2026; appears to have been submitted promptly following the trades.

Context

• Sales executed under 10b5‑1 plans are pre‑arranged and common for executives managing planned diversification or estate/tax needs; they generally reduce the ability to infer immediate insider sentiment from the trades. No purchases, option exercises, or awards are reported in this filing.