Fernandez trust sells 202,290 StepStone shares
StepStone Group Inc. director and Co‑Chief Operating Officer Jose A. Fernandez reported planned sales of Class A Common Stock held through a trust.
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Form Type
4
Rhea-AI Filing Summary
StepStone Group Inc. director and Co‑Chief Operating Officer Jose A. Fernandez reported planned sales of Class A Common Stock held through a trust. Over June 1–3, 2026, the trust sold a total of 202,290 Class A shares in open‑market transactions at weighted average prices between $42.64 and $50.59, all executed under a Rule 10b5‑1 trading plan. Following these sales, the filing shows 16,538 Class A shares held directly and continuing indirect holdings of Class B Common Stock through a trust and Santaluz Capital Partners, LLC.
Insider Trade Summary 10b5-1
Net Seller: 202,290 shares
Net Sell
10 txns
Insider
Fernandez Jose A
Role
Co-Chief Operating Officer
Sold
202,290 shs ($9.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,290 | $42.64 | $98K |
| Sale | Class A Common Stock | 85,200 | $46.41 | $3.95M |
| Sale | Class A Common Stock | 14,800 | $47.33 | $700K |
| Sale | Class A Common Stock | 28,324 | $47.90 | $1.36M |
| Sale | Class A Common Stock | 56,176 | $48.57 | $2.73M |
| Sale | Class A Common Stock | 12,117 | $49.78 | $603K |
| Sale | Class A Common Stock | 3,383 | $50.59 | $171K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, By Trust);
Class A Common Stock — 16,538 shares (Direct);
Class B Common Stock — 3,016,601 shares (Indirect, By Trust);
Class B Common Stock — 1,605,500 shares (Indirect, By Santaluz Capital Partners, LLC)
Footnotes (8)
- F1. This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $47.25 to $48.24. 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 in multiple trades at prices ranging from $48.25 to $49.18. 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.
- F3. This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades at prices ranging from $49.31 to $50.29. 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 $50.31 to $50.93. 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 $46.00 to $46.99. 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 $47.00 to $47.76. 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 at a price of $42.64. 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.
- F8. The 16,538 shares of Class A Common Stock reported as held directly reflect the correction of a clerical error in the Reporting Person's Form 4 filed on March 17, 2026, which was carried forward on the Reporting Person's Form 4 filed on April 2, 2026. Both filings inadvertently reported 2,290 shares as held directly that had previously been transferred to the Fernandez Family Trust. The correct balances at the time of those filings were 16,538 shares held directly and 2,290 shares held indirectly through the Trust (March 17, 2026 filing) and 16,538 shares held directly and 202,290 shares held indirectly through the Trust (April 2, 2026 filing). Total beneficial ownership was correctly reported on both prior filings.
Key Figures
Total Class A shares sold: 202,290 shares
June 3, 2026 sale: 2,290 shares at $42.64/share
Largest single-day sale amount: 85,200 shares at $46.41/share
+4 more
7 metrics
Total Class A shares sold
202,290 shares
Indirect sales by trust across June 1–3, 2026
June 3, 2026 sale
2,290 shares at $42.64/share
Class A Common Stock, indirect by trust
Largest single-day sale amount
85,200 shares at $46.41/share
Class A Common Stock on June 2, 2026, indirect
June 1, 2026 sales at $48.57
56,176 shares at $48.57/share
Class A Common Stock, indirect by trust
Direct Class A holdings
16,538 shares
Held directly as of June 1, 2026 per correction footnote
Class B by trust
3,016,601 shares
Class B Common Stock held indirectly by trust as of June 1, 2026
Class B by Santaluz Capital Partners, LLC
1,605,500 shares
Indirect Class B Common Stock holding as of June 1, 2026
Key Terms
Rule 10b5-1 trading plan, Class A Common Stock, Class B Common Stock, weighted average sales price, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"This transaction was executed pursuant to a Rule 10b5-1 trading plan in multiple trades..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Class A Common Stock financial
"security_title: "Class A Common Stock" for multiple open-market sales"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"security_title: "Class B Common Stock" with indirect holdings reported"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
weighted average sales price financial
"The price reported above reflects the weighted average sales price."
beneficial ownership financial
"Total beneficial ownership was correctly reported on both prior filings."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "By Trust" or "By Santaluz Capital Partners, LLC""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did StepStone Group (STEP) report for Jose A. Fernandez?
StepStone Group reported that a trust associated with Co‑Chief Operating Officer Jose A. Fernandez sold 202,290 shares of Class A Common Stock in open‑market transactions. These trades were executed under a Rule 10b5‑1 trading plan over several days in early June 2026.
Were the StepStone (STEP) insider sales by Jose A. Fernandez pre‑planned?
Yes. The filing states each reported sale was executed under a Rule 10b5‑1 trading plan. Such plans are pre‑arranged trading programs that schedule transactions in advance, reducing the significance of short‑term timing decisions in interpreting insider sale activity.
What StepStone (STEP) holdings does Jose A. Fernandez report after these transactions?
After the reported trades, the filing shows 16,538 StepStone Class A shares held directly by Jose A. Fernandez. It also lists substantial indirect holdings of Class B Common Stock through a trust and through Santaluz Capital Partners, LLC, reflecting ongoing beneficial ownership.
Do these StepStone (STEP) insider sales involve direct or indirect holdings?
All reported sales of 202,290 StepStone Class A shares involve indirect holdings "By Trust." The filing separately shows 16,538 Class A shares held directly and significant Class B holdings through both a trust and Santaluz Capital Partners, LLC, which were not reported as sold.
AI-generated analysis. How Rhea-AI works. Not financial advice.
