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STEPStepStone Group Inc. · Insider ownership research

StepStone Group Inc. insiders sold $38.1M in the past 12 months. How much of their stake is that?

67% was sold under disclosed trading plans, 33% with no plan disclosed. The largest seller, Jose Fernandez (Co-Chief Operating Officer, Director), sold $22.7M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
2
buyers among officers and directors (5 trades), past 12 months
67%
of sales were under disclosed trading plans, past 12 months
3 of 11
officers and directors sold shares, past 12 months
Is this normal? Less than usual: about a third of the 5-year average. 3 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Oct 1 for a stock award on Sep 30. David Park received an award of 70 shares. Filing
SEC ownership filings: 25 filed in the 12 months to Oct 16, 2026; 200 on record since Sep 15, 2020 · See the evidence

What stands out

Michael McCabe sold $12.7M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Dec 10, 2025
Two insiders bought shares: Michael McCabe (120K shares, $5.0M) and Steven Mitchell (13K shares, $566K).Michael McCabe: purchase, Jun 11, 2026 · Steven Mitchell: purchase, Feb 23, 2026

A share of stake is shown for 0 of the 3 officers and directors who sold. 11 are left out

i
Left out: Jose Fernandez, Thomas Keck, Jason Ment, Michael McCabe, Scott Hart, David Hoffmeister, Anne Raymond, David Park, Valerie Brown, Anthony Keathley and Steven Mitchell (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Jose Fernandez
Co-Chief Operating Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$22.7MDisclosed plan
Michael McCabe
Head of Strategy, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$12.7MNo plan disclosed
Scott Hart
Chief Executive Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.6MDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $643K under a disclosed planOctNov 2025: $13.7M under a disclosed plan$13.7MNovDec 2025: $662K under a disclosed planDec 2025: $12.7M no plan disclosedDecJan 2026: $725K under a disclosed planJanFebMarAprMayJun 2026: $9.6M under a disclosed planJunJulAugSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Jun 11, 2026Michael McCabe bought 120K shares ($5.0M).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Michael McCabe
Head of Strategy, Director
120,000$41.85n/an/aJun 11, 2026Jun 11, 2026

Common questions

Is the StepStone Group Inc. CEO selling stock?

Yes. Scott Hart sold 40K shares ($2.6M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are StepStone Group Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 67% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 33% had no disclosed plan. A trading plan schedules sales in advance.

Are any StepStone Group Inc. insiders buying?

Yes. 2 officers or directors reported 5 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold3 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Jose Fernandez
Co-Chief Operating Officer, Director
$22.7M
414K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Michael McCabe
Head of Strategy, Director
$12.7M
192K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Scott Hart
Chief Executive Officer, Director
$2.6M
40K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
The full ownership picture0 of 11 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Jose Fernandez
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jose Fernandez are complete.
Co-Chief Operating Officer, Director
n/a−414Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jose Fernandez

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jose Fernandez are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Thomas Keck
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas Keck are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Thomas Keck

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Keck are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jason Ment
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jason Ment are complete.
President & Co-COO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jason Ment

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jason Ment are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Michael McCabe
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael McCabe are complete.
Head of Strategy, Director
n/a−192Kn/an/a
Vesting, gifts, unvested awards and holding lines for Michael McCabe

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael McCabe are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Scott Hart
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Scott Hart are complete.
Chief Executive Officer, Director
n/a−40Kn/an/a
Vesting, gifts, unvested awards and holding lines for Scott Hart

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Scott Hart are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
David Hoffmeister
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Hoffmeister are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for David Hoffmeister

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Hoffmeister are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Anne Raymond
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Anne Raymond are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Anne Raymond

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anne Raymond are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
David Park
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Park are complete.
Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for David Park

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Park are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−3.5Kwithheld by the company for taxes
Valerie Brown
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Valerie Brown are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Valerie Brown

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Valerie Brown are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Anthony Keathley
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Anthony Keathley are complete.
Chief Accounting Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Anthony Keathley

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anthony Keathley are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−296withheld by the company for taxes
Steven Mitchell
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Mitchell are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Steven Mitchell

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Mitchell are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for StepStone Group Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$38.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $38.1M across 645,552 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($12.7M), including tax-related sales outside a plan.

No plan disclosed · $12.7M

Sales with no 10b5-1 plan and no tax reference in the filing. $12.7M of it is Michael McCabe. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Michael McCabe, Dec 10, 2025

Taxes

3,776 shares ($214K) were withheld by the company for taxes, which isn't a market sale.

Purchases · 2 buyers (5 trades)

2 officers and directors bought shares in this period, in 5 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 11 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Jose Fernandez
Co-Chief Operating Officer, Director
414K$22.7M100%60%Nov 11, 2025 to Jun 3, 2026
Michael McCabe
Head of Strategy, Director
192K$12.7M0%33%Dec 10, 2025 to Dec 10, 2025
Scott Hart
Chief Executive Officer, Director
40K$2.6M100%7%Oct 27, 2025 to Jan 26, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$643K$643K$0$0
Nov 2025$13.7M$13.7M$0$0
Dec 2025$13.4M$662K$0$12.7M
Jan 2026$725K$725K$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$9.6M$9.6M$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a third of the 5-year average. 3 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
646K3$38.1M
Oct 16, 2025
1 year earlier
528K5$31.8M
Oct 16, 2024
2 years earlier
261K4$10.5M
Oct 17, 2023
3 years earlier
204K3$6.3M
Oct 17, 2022
4 years earlier
2.28M6$115M
Oct 17, 2021
5 years earlier
6.05M7$174M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty11 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for StepStone Group Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology200 filings on record, 25 filed in the 12-month period, and how we read them

All 200 Forms 3, 4 and 5 on record for StepStone Group Inc. (SEC CIK 1796022), filed from Sep 15, 2020 to Oct 1, 2026; 25 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (10)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
ARG Private Equity, LLCDec 4, 2024500,000 shares, last reported balance as of Dec 2, 2024
Monte BremSep 13, 2024No balance on record
James LimFeb 20, 20246,372,007 shares, last reported balance as of Feb 16, 2024
Johnny RandelFeb 16, 202337,657 shares, last reported balance as of Feb 14, 2023
Robert WaldoOct 27, 20215,018,044 shares, last reported balance as of Oct 27, 2021
Mark MaruszewskiMar 25, 2021700,764 shares, last reported balance as of Mar 23, 2021
Thomas BradleyMar 25, 2021805,062 shares, last reported balance as of Mar 23, 2021
Darren FriedmanMar 25, 2021464,442 shares, last reported balance as of Mar 23, 2021
David JeffreyMar 25, 202140,000 shares, last reported balance as of Mar 23, 2021
StepStone Group LPSep 22, 2020No balance on record

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