StepStone insider McCabe sells Class A shares at $66–$67

StepStone Group Inc. insider Michael I. McCabe, a director and Head of Strategy, reported multiple sales of the company’s Class A common stock on 12/10/2025.

Rhea-AI Filing Summary

StepStone Group Inc. insider Michael I. McCabe, a director and Head of Strategy, reported multiple sales of the company’s Class A common stock on 12/10/2025.

He sold 108,538 shares at a weighted average price of $66.15, 9,300 shares at $66.82, and 74,214 shares at $66.14, with each sale executed in multiple trades. Following these transactions, he beneficially owned 306,026 Class A shares directly and 122,209 Class A shares indirectly through Benzy LLC, along with 1,906,142 Class B shares directly and 937,416 Class B shares indirectly through Benzy LLC.

Insider Trade Summary

Net Seller: 192,052 shares

Net Sell 5 txns

Insider McCabe Michael I

Role Head of Strategy

Sold 192,052 shs ($12.71M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	108,538	$66.15	$7.18M
Sale	Class A Common Stock	9,300	$66.82	$621K
Sale	Class A Common Stock	74,214	$66.14	$4.91M
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 306,026 shares (Direct); Class A Common Stock — 122,209 shares (Indirect, By Benzy LLC); Class B Common Stock — 1,906,142 shares (Direct); Class B Common Stock — 937,416 shares (Indirect, By Benzy LLC)

Footnotes (3)

1. F1. The sales reported in this Form 4 were effected in multiple trades at prices ranging from $66.00 to $66.79. 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. F2. The sales reported in this Form 4 were effected in multiple trades at prices ranging from $66.73 to $67.00. 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.
3. F3. The sales reported in this Form 4 were effected in multiple trades at prices ranging from $66.00 to $66.90. 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.

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Accepted by SEC EDGAR 12/12/2025 - 06:08 PM EST Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

McCabe Michael I

(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)	X	Other (specify below)
	Head of Strategy		See remarks

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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	12/10/2025		S		108,538	D	$66.15(1)	315,326	D
Class A Common Stock	12/10/2025		S		9,300	D	$66.82(2)	306,026	D
Class A Common Stock	12/10/2025		S		74,214	D	$66.14(3)	122,209	I	By Benzy LLC
Class B Common Stock								1,906,142	D
Class B Common Stock								937,416	I	By Benzy 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. The sales reported in this Form 4 were effected in multiple trades at prices ranging from $66.00 to $66.79. 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. The sales reported in this Form 4 were effected in multiple trades at prices ranging from $66.73 to $67.00. 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.

3. The sales reported in this Form 4 were effected in multiple trades at prices ranging from $66.00 to $66.90. 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 Michael I. McCabe	12/12/2025
	** 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.