Form 4: StepStone CEO Sells $661K in Class A Stock

StepStone Group Inc. CEO Scott W. Hart executed a sale of 10,000 shares of Class A Common Stock for a weighted average price of $66.17 per share under a Rule 10b5-1 trading plan.

Summary

• Scott W. Hart, Chief Executive Officer and Director of StepStone Group Inc. (STEP), reported a transaction involving the sale of company stock.
• On December 26, 2025, Mr. Hart disposed of 10,000 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $66.17 per share, resulting in total proceeds of approximately $661,700.
• This transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Mr. Hart directly owns 50,883 shares of Class A Common Stock.
• He also indirectly owns 10,000 shares of Class A Common Stock and 3,061,782 shares of Class B Common Stock through a trust.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale executed under a pre-arranged 10b5-1 plan, which typically minimizes any negative sentiment associated with insider selling. It does not reflect new information about the company's performance or prospects, thus maintaining a neutral sentiment.

Positives

• The transaction was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled sale rather than a reaction to immediate market conditions, which can reduce concerns about opportunistic insider selling.

Negatives

• A sale by a high-ranking insider like the CEO, even if pre-planned, could be perceived negatively by some investors, potentially raising questions about management's long-term conviction.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May observe the CEO's stock sale, but the execution under a 10b5-1 plan generally mitigates concerns about opportunistic selling, suggesting a planned personal financial decision rather than a reaction to company-specific news.

Key Dates

Keywords

StepStone Group Inc., STEP, Scott W. Hart, CEO, Director, Form 4, insider trading, stock sale, Class A Common Stock, Rule 10b5-1 plan, beneficial ownership