X0306 4 2020-09-18 0 0001796022 StepStone Group Inc. STEP 0001821981 Randel Johnny D C/O STEPSTONE GROUP INC. 450 LEXINGTON AVENUE, 31ST FLOOR NEW YORK NY 10017 0 1 0 1 Chief Financial Officer See remarks Class A Common Stock 2020-09-18 4 A 0 31300 A 31300 D Class B Common Stock 2020-09-18 4 A 0 1534626 A 1534626 D Class B Units 2020-09-18 4 J 0 1534626 A Class A Common Stock 1534626 1534626 D Represents the number of shares of Class A Common Stock issued to the Reporting Person pursuant to an award of restricted stock units under the Issuer's 2020 Long Term Incentive Plan. The award vests in equal annual installments on each of September 30, 2021, 2022, 2023 and 2024, subject to the Reporting Person's continued employment through the applicable vesting date. In the reorganization (the "Reorganization") of StepStone Group LP (the "Partnership") in connection with the closing of the Issuer's initial public offering (the "IPO"), shares of Class B Common Stock of the Issuer, par value $0.001 per share, were issued without additional consideration in exchange for interests in the general partner of the Partnership. The Class B Common Stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution, winding up or an exchange of those shares. However, the Class B Common Stock entitles its holder to five votes per share on every matter submitted to the Issuer's stockholders for a vote until the occurrence of a sunset, as described in the Issuer's Amended and Restated Certificate of Incorporation. Pursuant to an Exchange Agreement entered into in connection with the Reorganization, the Class B Units of the Partnership are exchangeable, on a one-for-one basis, for shares of Class A Common Stock. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically redeemed and cancelled. In the Reorganization, Class A Units in the Partnership held prior to the IPO were converted into Class B Units. Member of 13D group that owns more than 10% /s/ Jennifer Ishiguro, Attorney-in-Fact for Johnny D. Randel 2020-09-22