STEP holder to sell about $10M in common stock

STEP submitted a Form 144 notice reporting the proposed sale of common stock.

Rhea-AI Filing Summary

STEP submitted a Form 144 notice reporting the proposed sale of common stock. The filing lists 200,000 Founders Shares with a 03/31/2026 date and 2,290 Restricted Stock Units with a 02/14/2026 date.

The filing names a broker-dealer and provides a filing date of 06/01/2026. The notice documents securities intended for resale under Rule 144; timing and proceeds details are not included in the excerpt.

Insights

Corporate Governance Analyst

Routine Form 144 resale notice for insiders; scale is modest relative to large-cap floats.

The filing lists proposed resales of 200,000 Founders Shares and 2,290 RSUs with filing date 06/01/2026. It names a broker-dealer and records the applicable security types and dates, consistent with a Rule 144 compliance notice.

Cash-flow treatment and exact timing are not disclosed in the excerpt; subsequent transaction details would appear in trade reports or amended filings if and when the sales occur.

Key Figures

Filing date: 06/01/2026 Founders Shares to be sold: 200,000 shares Restricted Stock Units to be sold: 2,290 units +1 more

4 metrics

Filing date 06/01/2026 Form 144 filing date shown in excerpt

Founders Shares to be sold 200,000 shares Listed under "Securities To Be Sold" with date 03/31/2026

Restricted Stock Units to be sold 2,290 units Listed under "Securities To Be Sold" with date 02/14/2026

Broker-dealer Morgan Stanley Smith Barney LLC Named in the filer/broker section with New York address

Key Terms

Form 144, Founders Shares, Restricted Stock Units, Rule 144

4 terms

Form 144 regulatory

"lists a Form 144 notice and "Securities To Be Sold""

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Founders Shares market

"the line showing "Founders Shares" and 200000"

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

Restricted Stock Units financial

"the line showing "Restricted Stock Units" and 2290"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 144 regulatory

"implied by the Form 144 resale notice context"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/01/2026 - 04:48 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001822276
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	STEPSTONE GROUP INC
SEC File Number	001-39510
Address of Issuer	277 Park Avenue, 45th Floor New York NEW YORK 10172
Phone	2123516100
Name of Person for Whose Account the Securities are To Be Sold	FERNANDEZ FAMILY TRUST U/A DTD 01/16/2008
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	202290	9974919.90	80706668	06/01/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/31/2026	Founders Shares	Issuer			200000	03/31/2026	N/A
Common	02/14/2026	Restricted Stock Units	Issuer			2290	02/14/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	06/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	02/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Jose Fernandez
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)