P10 Inc SEC Filings

P10, Inc. director Edwin A. Poston reported an internal share conversion that changes the mix of his holdings but not their overall economic value. On December 9, 2025, an entity he helps manage, TrueBridge Ascent LLC, converted 116,024 shares of Class B Common Stock into 116,024 shares of Class A Common Stock on a one-for-one basis. This reflects the company’s dual-class structure, where Class B can be converted into Class A and may automatically convert after certain “Sunset” ownership or time conditions are met.

After this transaction, Poston reports indirect ownership of P10 shares through multiple vehicles, including TrueBridge Ascent LLC, TrueBridge Colonial Fund, u/a 11/15/2015, and the Edwin A. Poston Revocable Trust, as well as a direct holding. He notes that he may be part of a group that collectively owns more than 10% of P10’s common stock and disclaims beneficial ownership beyond his economic interest. He also serves as a director on P10’s board.

P10, Inc. (PX)November 13, 2025, an affiliated entity, TrueBridge Ascent LLC, converted 18,427 shares of Class B Common Stock into the same number of Class A shares. On November 21, 2025, TrueBridge Ascent LLC then sold 18,427 Class A Common shares at a weighted average price of $9.018 per share.

After these transactions, Poston reports indirect beneficial ownership of 2,398,531 Class A shares through TrueBridge Colonial Fund and 521,664 Class A shares through the Edwin A. Poston Revocable Trust, plus other directly held and derivative positions. The filing notes that Poston disclaims beneficial ownership beyond his pecuniary interest and that he may be part of a group that collectively owns more than 10% of P10’s common stock.

P10, Inc. (PX) director and 10% owner Mel Williams reported insider transactions involving Class A and Class B Common Stock. On November 13, 2025, TrueBridge Ascent LLC converted 18,427 shares of Class B Common Stock into an equal number of Class A shares, reflecting the one-for-one conversion feature of Class B stock. On November 21, 2025, TrueBridge Ascent LLC sold 18,427 Class A shares at a weighted average price of $9.018, leaving it with zero Class A shares reported in this line.

After these transactions, Williams is reported as indirectly beneficially owning 4,018,995 shares of Class A Common Stock through The Mel Williams Irrevocable Trust and also holding other direct and indirect positions, including through MAW Management Co. The filing notes that Williams may be deemed part of a group that collectively owns more than 10% of P10’s common stock, while he disclaims beneficial ownership beyond his pecuniary interest.

P10 Inc. (PX) filed a notice under Rule 144 covering a proposed sale of restricted common stock. The filing reports an intention to sell 18,427 common shares through broker BTIG, LLC on the NYSE, with an indicated aggregate market value of $168,791.32. The filing notes that there were 78,067,335 common shares outstanding at the time referenced, which is a baseline figure for the issuer’s capital structure.

The shares to be sold were originally acquired in a private placement from P10 Inc. on 10/02/2020 and paid for in cash. By signing the notice, the seller represents that they are not aware of any undisclosed material adverse information about P10 Inc. and acknowledges that intentional misstatements or omissions can constitute federal criminal violations.

P10, Inc. (PX) filed Amendment No. 3 to Schedule 13G disclosing updated beneficial ownership of its Class A common stock by several reporting persons. The group includes Nell M. Blatherwick, David M. McCoy, Alexander I. Abell, Andrew Rowan Nelson, Thomas P. Danis Revocable Trust (and Reserve 2, LLC), Charles K. Huebner Trust, and Jon I. Madorsky Revocable Trust.

Selected stakes include the Charles K. Huebner Trust with 5.4% of Class A beneficially owned (10.8% combined voting power) and the Jon I. Madorsky Revocable Trust with 4.9% of Class A (8.9% combined voting power). Other individual filings report Class A percentages ranging from about 1.1% to 3.5%.

The company has a dual‑class structure: Class B carries ten votes per share and is convertible into Class A on a one‑for‑one basis. Percentages are calculated based on 78,067,335 Class A and 31,947,755 Class B shares outstanding as of November 3, 2025. The filing notes a Controlled Company Agreement providing director designation and coordinated voting among stockholder groups.

P10, Inc. (PX) reported Q3 2025 results with total revenues of $75.9 million versus $74.2 million a year ago. Income from operations was $10.7 million versus $8.8 million. Net income attributable to P10 was $2.1 million, and diluted EPS was $0.02, compared with $0.01 last year. For the nine months ended September 30, 2025, revenues were $216.3 million versus $211.4 million, while net income attributable to P10 was $10.1 million versus $13.4 million.

Balance sheet and cash flow: total assets were $936.0 million and total liabilities were $539.2 million as of September 30, 2025. Cash and cash equivalents were $40.0 million, and debt obligations were $393.4 million, up from $319.8 million as of December 31, 2024. Operating cash flow for the nine months was $0.1 million. The company completed the acquisition of Qualitas on April 4, 2025, contributing to increases in goodwill and intangibles. Under the authorized share repurchase program, $131.0 million has been spent through September 30, 2025, with $26.0 million remaining. As of November 3, 2025, Class A shares outstanding were 78,067,335 and Class B shares outstanding were 31,947,755.

P10, Inc. (PX)8‑K stating it issued a press release with financial results for the third quarter ended September 30, 2025 and posted an earnings presentation.

The materials were furnished as Exhibit 99.1 (press release) and Exhibit 99.2 (Q3 2025 presentation) and are not deemed filed under Section 18 of the Exchange Act. The company identified as an Emerging Growth Company. The report was signed by CFO Amanda Coussens on November 6, 2025.

P10, Inc. (PX) reported insider equity activity by its Chairman & CEO, who serves as a director and officer. On 10/23/2025, 218,103 restricted stock units were converted into Class A Common Stock (Code M). To satisfy tax obligations, 120,606 shares were withheld at $10.57 per share (Code F).

Following these transactions, the reporting person beneficially owned 285,631 shares of Class A Common Stock and 218,102 RSUs. The RSUs derive from a grant of 654,308 RSUs awarded on 10/23/2023, vesting ratably on the first, second, and third anniversaries of the grant date, contingent on continuous service.

P10, Inc. (PX) Form 4: Amanda Abell, an officer of P10, executed a series of open-market sales on 09/26/2025 totaling 25,000 shares of Class A common stock at prices between $11.23 and $11.28. After the transactions the reporting person beneficially owned 300,000 shares. The form notes a possible Section 13(d) group affiliation.