StepStone Group Inc. — Director's Dealing 2025

Oct 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: StepStone Group Inc. (STEP)
CIK: 0001796022
Period of Report: 2025-09-30

Reporting Person: Fernandez Jose A (Director, Co-Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-30	Class A Common Stock	C	200000	—	Acquired	211210	Indirect
2025-09-30	Class B Common Stock	D	200000	$0.001	Disposed	3216601	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-30	Class B Units	$	C	200000	Disposed		Class A Common Stock (200000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	11676	Direct
Class B Common Stock	1605500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Units	$		Class A Common Stock (1605500)	1605500	Indirect

Footnotes

F1: On September 30, 2025, 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 of the Partnership 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.