StepStone director converts 200,000 units to Class A
StepStone Group Inc. director and Co-Chief Operating Officer Jose A. Fernandez, through a trust, converted 200,000 Class B Units of StepStone Group LP into 200,000 shares of Class A Common Stock on March 31, 2026.
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Form Type
4
Rhea-AI Filing Summary
StepStone Group Inc. director and Co-Chief Operating Officer Jose A. Fernandez, through a trust, converted 200,000 Class B Units of StepStone Group LP into 200,000 shares of Class A Common Stock on March 31, 2026. In connection with this exchange, 200,000 shares of Class B Common Stock were automatically redeemed and cancelled. Following the transactions, the trust holds 200,000 shares of Class A Common Stock and 3,016,601 shares of Class B Common Stock indirectly, while an affiliated entity, Santaluz Capital Partners, LLC, holds 1,605,500 Class B Units and a corresponding 1,605,500 Class B Common Stock, and Fernandez also holds 18,828 shares of Class A Common Stock directly.
Insider Trade Summary
200,000 shares exercised/converted
Exercise
6 txns
Insider
Fernandez Jose A
Role
Co-Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Units | 200,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 200,000 | $0.00 | $0.00 |
| Disposition | Class B Common Stock | 200,000 | $0.001 | $200.00 |
| holding | Class B Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Units — 3,016,601 contracts (Indirect, By Trust);
Class A Common Stock — 200,000 shares (Indirect, By Trust);
Class B Common Stock — 3,016,601 shares (Indirect, By Trust);
Class B Units — 1,605,500 contracts (Indirect, By Santaluz Capital Partners, LLC);
Class A Common Stock — 18,828 shares (Direct);
Class B Common Stock — 1,605,500 shares (Indirect, By Santaluz Capital Partners, LLC)
Footnotes (2)
- F1. On March 31, 2026, the Reporting Person exchanged 200,000 Class B Units of StepStone Group LP (the "Partnership") for 200,000 shares of Class A Common Stock. In connection with the exchange, 200,000 shares of Class B Common Stock were automatically redeemed and cancelled.
- F2. The Class B Units are exchangeable, on a one-for-one basis, for shares of Class A Common Stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock of the Issuer will be automatically redeemed and cancelled.
Key Figures
Units converted: 200,000 Class B Units
Class A shares received: 200,000 shares
Class B Common redeemed: 200,000 shares
+5 more
8 metrics
Units converted
200,000 Class B Units
Exchanged on March 31, 2026 for Class A Common Stock
Class A shares received
200,000 shares
Class A Common Stock received by trust in exchange
Class B Common redeemed
200,000 shares
Automatically redeemed and cancelled in connection with exchange
Trust Class B Common holding
3,016,601 shares
Indirect Class B Common Stock held by trust after transaction
Remaining Class B Units
1,605,500 units
Class B Units held by Santaluz Capital Partners, LLC, exchangeable into Class A
Direct Class A holding
18,828 shares
Class A Common Stock held directly by Jose A. Fernandez
Exercise price for units
$0.0000 per unit
Exercise price of Class B Units underlying Class A Common Stock
Disposition price for Class B Common
$0.0010 per share
Reported price for disposition to issuer of 200,000 Class B Common shares
Key Terms
Class B Units, Class A Common Stock, Class B Common Stock, Conversion of derivative security, +2 more
6 terms
Class B Units financial
"On March 31, 2026, the Reporting Person exchanged 200,000 Class B Units of StepStone Group LP"
Class A Common Stock financial
"for 200,000 shares of Class A Common Stock. In connection with the exchange"
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
"In connection with the exchange, 200,000 shares of Class B Common Stock were automatically redeemed"
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.
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
exchangeable, on a one-for-one basis financial
"The Class B Units are exchangeable, on a one-for-one basis, for shares of Class A Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Jose A. Fernandez report at StepStone Group (STEP)?
Jose A. Fernandez, through a trust, reported converting 200,000 Class B Units into 200,000 shares of Class A Common Stock. In the same exchange, 200,000 shares of Class B Common Stock were automatically redeemed and cancelled as part of the transaction mechanics.
Was the StepStone (STEP) insider transaction an open-market buy or sell?
The transaction was a conversion of derivative securities, not an open-market buy or sell. Class B Units were exchanged one-for-one for Class A Common Stock, and corresponding Class B Common Stock shares were automatically redeemed and cancelled in connection with the exchange.
Who holds the StepStone (STEP) securities reported in this Form 4?
The reported securities are primarily held indirectly by a trust and by Santaluz Capital Partners, LLC. The trust holds Class A and Class B Common Stock, while Santaluz Capital Partners, LLC holds Class B Units and corresponding Class B Common Stock. Jose A. Fernandez also owns Class A shares directly.
What StepStone (STEP) holdings remain after the reported insider transactions?
After the transactions, the trust holds 200,000 shares of Class A Common Stock and 3,016,601 shares of Class B Common Stock. Santaluz Capital Partners, LLC holds 1,605,500 Class B Units tied to 1,605,500 underlying Class A shares and 1,605,500 Class B Common Stock, and Fernandez directly holds 18,828 Class A shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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