StepStone (STEP) Co-COO Jose Fernandez receives 7,152-share equity award

Rhea-AI Filing Summary

Fernandez Jose A reported acquisition or exercise transactions in this Form 4 filing.

StepStone Group Inc. director and Co-Chief Operating Officer Jose A. Fernandez received an equity grant of 7,152 shares of Class A Common Stock as a stock award. The award was issued at $0.00 per share as part of his compensation.

These shares were granted pursuant to the company’s 2020 Long Term Incentive Plan and will vest in four equal annual installments on February 14 of 2027, 2028, 2029 and 2030, subject to continued employment. Following this grant, Fernandez directly holds 18,828 Class A shares and has indirect holdings of Class B shares through a trust and Santaluz Capital Partners, LLC.

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

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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).

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^*

Fernandez Jose A

(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)
	Co-Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		A		7,152(1)	A	(1)	18,828	D
Class B Common Stock								3,216,601	I	By Trust
Class B Common Stock								1,605,500	I	By Santaluz Capital Partners, LLC

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. Represents the number of shares of Class A Common Stock issued to the Reporting Person pursuant to an award of restricted stock units under the Issuer's 2020 Long Term Incentive Plan. The award vests in equal annual installments on each of February 14, 2027, 2028, 2029 and 2030, subject to the Reporting Person's continued employment through the applicable vesting date.

Remarks:

	/s/ Jennifer Ishiguro, Attorney-in-fact for Jose A. Fernandez	03/17/2026
	** 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 did StepStone (STEP) insider Jose A. Fernandez report on this Form 4?

Jose A. Fernandez reported receiving a grant of 7,152 shares of StepStone Class A Common Stock as an equity award. The grant is compensation-related, not an open-market purchase or sale, and was issued at $0.00 per share under the company’s long-term incentive plan.

How do the new StepStone (STEP) shares granted to Jose A. Fernandez vest?

The 7,152 granted shares vest in four equal annual installments on February 14, 2027, 2028, 2029 and 2030. Vesting is conditioned on Fernandez’s continued employment with StepStone Group Inc. through each applicable vesting date, reflecting a longer-term retention structure.

Are Jose A. Fernandez’s new StepStone (STEP) shares an open-market purchase?

No, the 7,152 StepStone shares are a stock award, not an open-market purchase. They were issued at $0.00 per share as restricted stock units under StepStone’s 2020 Long Term Incentive Plan, representing compensation rather than a discretionary buy in the market.

What are Jose A. Fernandez’s direct StepStone (STEP) Class A holdings after this grant?

After the grant, Jose A. Fernandez directly holds 18,828 shares of StepStone Class A Common Stock. This total includes the newly awarded 7,152 shares, which will vest over time, and provides context for his direct equity exposure to the company as reported in the Form 4.

What indirect StepStone (STEP) Class B holdings are reported for Jose A. Fernandez?

The filing lists indirect ownership of StepStone Class B Common Stock, including 3,216,601 shares held by a trust and 1,605,500 shares held by Santaluz Capital Partners, LLC. These positions are reported as indirect holdings, reflecting ownership through related entities rather than directly.

What plan governs the StepStone (STEP) equity award to Jose A. Fernandez?

The equity award to Jose A. Fernandez was granted under StepStone’s 2020 Long Term Incentive Plan. It consists of restricted stock units that convert into Class A shares as they vest annually, aligning his compensation with long-term company performance and continued service.