P10 insider update: 218,103 RSUs vested; holds 285,631 shares

Rhea-AI Filing Summary

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.

Insights

Insider transactions analyst

Routine RSU vesting and tax withholding; no open‑market sale.

The filing shows the CEO settled 218,103 RSUs into Class A shares (Code M) on 10/23/2025. A separate entry indicates 120,606 shares were withheld at $10.57 (Code F) to cover taxes, which is standard for equity vesting.

Post‑transaction holdings are 285,631 Class A shares and 218,102 RSUs, aligning with a prior grant of 654,308 RSUs from 10/23/2023 that vest over three years, subject to continued service. The activity reflects scheduled equity compensation mechanics rather than discretionary market sales.

Insider Trade Summary

218,103 shares exercised/converted

Mixed 3 txns

Insider Sarsfield Luke A. III

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	218,103	$0.00	--
Exercise	Class A Common Stock	218,103	$0.00	--
Tax Withholding	Class A Common Stock	120,606	$10.57	$1.27M

Holdings After Transaction: Restricted Stock Units — 218,102 shares (Direct); Class A Common Stock — 406,237 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's Class A Common Stock upon vesting. On October 23, 2023, the reporting person was granted 654,308 RSUs, which will vest ratably on the first, second and third anniversaries of the grant date, provided that the reporting person remains in continuous service with the Issuer through each such vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sarsfield Luke A. III

(Last) (First) (Middle)

C/O P10, INC.

2699 HOWELL STREET, SUITE 1000

(Street)

DALLAS TX 75204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
P10, Inc. [ PX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/23/2025		M		218,103	A	(1)	406,237	D
Class A Common Stock	10/23/2025		F		120,606	D	$10.57	285,631	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	10/23/2025		M			218,103	(2)	(2)	Class A Commmon Stock	218,103	$0	218,102	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's Class A Common Stock upon vesting.

2. On October 23, 2023, the reporting person was granted 654,308 RSUs, which will vest ratably on the first, second and third anniversaries of the grant date, provided that the reporting person remains in continuous service with the Issuer through each such vesting date.

Remarks:

Chairman & Chief Executive Officer

	/s/ Amanda Coussens, Attorney-in-Fact for Luke A. Sarsfield III	10/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did P10 (PX) report on 10/23/2025?

The CEO converted 218,103 RSUs into Class A shares (Code M) and had 120,606 shares withheld at $10.57 for taxes (Code F).

How many P10 (PX) shares does the reporting person hold after the transactions?

Beneficial ownership is 285,631 Class A Common shares following the reported transactions.

How many RSUs does the P10 (PX) insider still hold?

The reporting person holds 218,102 RSUs after the transactions.

What was the source and schedule of the RSUs involved for P10 (PX)?

They are from a 654,308 RSU grant on 10/23/2023, vesting ratably over three years, subject to continuous service.

Were there any open-market sales by the P10 (PX) insider?

The filing shows a tax withholding entry (Code F) at $10.57 rather than an open-market sale.

What is the price associated with the tax withholding for P10 (PX)?

The tax withholding transaction used a price of $10.57 per share.