StepStone (STEP) CEO’s trust sells 10,000 Class A shares under 10b5-1

Rhea-AI Filing Summary

StepStone Group Inc. director and CEO Scott W. Hart reported indirect sales of Class A shares held by a trust. On January 26, 2026, the trust sold 4,616 Class A shares at a weighted average price of $71.99 and 5,384 shares at $72.97 under a Rule 10b5-1 trading plan. After these transactions, Hart reports 50,883 Class A shares held directly and 3,061,782 Class B shares held indirectly through a trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Hart Scott W

(Last) (First) (Middle)

C/O STEPSTONE GROUP INC.

277 PARK AVENUE, 45TH FLOOR

(Street)

NEW YORK NY 10172

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
StepStone Group Inc. [ STEP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/26/2026		S		4,616	D	$71.99(1)	5,384	I	By Trust
Class A Common Stock	01/26/2026		S		5,384	D	$72.97(2)	0	I	By Trust
Class A Common Stock								50,883	D
Class B Common Stock								3,061,782	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $71.47 to $72.45. 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.

2. This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $72.47 to $73.37. 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.

Remarks:

	/s/ Jennifer Ishiguro, Attorney-in-fact for Scott W. Hart	01/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did STEP CEO Scott W. Hart report?

Scott W. Hart reported indirect sales of StepStone Group Class A shares held by a trust. On January 26, 2026, the trust sold 4,616 shares at $71.99 and 5,384 shares at $72.97, both under a pre-arranged Rule 10b5-1 trading plan.

How many StepStone (STEP) shares were sold in the reported Form 4?

A trust associated with Scott W. Hart sold a total of 10,000 StepStone Class A shares. The sales occurred in two blocks: 4,616 shares at a weighted average price of $71.99 and 5,384 shares at $72.97, executed under a Rule 10b5-1 plan.

Were Scott W. Hart’s STEP share sales under a Rule 10b5-1 plan?

Yes. Both reported StepStone Class A share sales were executed pursuant to a Rule 10b5-1 trading plan. Prices reflected weighted averages across multiple trades, with detailed trade-level information available upon request to the company, the SEC staff, or any security holder.

Does Scott W. Hart still hold StepStone (STEP) shares after these sales?

Yes. After the reported transactions, Scott W. Hart beneficially owns 50,883 StepStone Class A shares directly. He also reports indirect beneficial ownership of 3,061,782 Class B shares through a trust, in addition to the trust’s sold Class A position now reported as zero.

Were the sold STEP shares held directly by Scott W. Hart or through a trust?

The sold StepStone Class A shares were held indirectly “By Trust,” not directly in Scott W. Hart’s name. The Form 4 classifies these as indirect beneficial ownership, and following the sales, that trust-held Class A position is reported as zero shares.