Former COO Jose A Fernandez sells entire 202.3K share position for $9.6M via 10b5-1 plan; stock down -43.9% from high
Jose A Fernandez, who was Co-Chief Operating Officer, executed 7 separate sales totaling 202,290 shares for $9,611,779.75 on June 1-3, 2026, liquidating his complete position at a blended average price of $47.51. This transaction is part of a pre-arranged 10b5-1 trading plan, meaning it was scheduled rather than discretionary. The stock now trades at $43.63, down -43.9% from its 52-week high of $77.80, and the company reported a net loss of $123,451,000.00 on revenue of $586,511,000.00 in the latest quarter. His prior five trades at StepStone showed mixed near-term results, with 30-day post-sale returns ranging from +2.0% to +4.3% and 90-day returns ranging from -5.5% to +0.6%. The full liquidation of holdings by a then-COO, combined with negative profitability in a company that grew revenue 69.7% year-over-year, merits investor scrutiny of operational and financial trajectory.