[Form 4] P10, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jon I. Madorsky Revocable Trust, which is reported as beneficially owned by Jon I. Madorsky as trustee, disposed of 50,000 shares of P10, Inc. Class A common stock on 08/26/2025 at a reported price of $12.4522 per share. After the sale, the Madorsky Trust is reported to beneficially own 445,574 shares, held indirectly.

The Form 4 identifies the reporting person as an officer/other and notes the potential that the reporting person may be part of a Section 13(d) group owning more than 10% of the company. The filing is signed by an attorney-in-fact for the reporting person.

Positive

• Continued ownership: Madorsky Trust retains 445,574 shares after the sale, indicating ongoing stake in the company.
• Clear disclosure: Form 4 includes explanatory remarks attributing indirect beneficial ownership to the Madorsky Trust.

Negative

• Insider sale: Disposition of 50,000 Class A shares at $12.4522 per share may be viewed negatively by some investors seeking insider buying.
• Potential 13(d) group notice: Filing states the reporting person "may be deemed" part of a Section 13(d) group, which could have governance implications if later confirmed.

Insights

Financial Analyst

Insider sale reduced holdings modestly; transaction size appears routine rather than transformative.

The sale of 50,000 shares at $12.4522 trims the Madorsky Trust's indirect stake to 445,574 shares. This Form 4 discloses a straightforward open-market or coded sale (transaction code S) with no accompanying derivative transactions or new acquisitions reported. For investors, the sale provides data on insider liquidity but does not, by itself, signal a material change to ownership or control given the remaining stake reported. There are no additional disclosures in this filing about the purpose of the sale or any related plan.

Corporate Governance Expert

Disclosure is compliant and clear; note about potential 13(d) group membership merits attention.

The Form 4 properly attributes indirect ownership to the Madorsky Trust with explanatory remarks and includes the required signature by an attorney-in-fact. The filing’s remark that the reporting person "may be deemed" part of a Section 13(d) group is noteworthy because formal group status can affect reporting and control thresholds, but this form does not establish group membership or any schedule 13D implications by itself. No departures from filing norms are evident in the submitted content.

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^*

Jon I. Madorsky Revocable Trust dated December 1, 2008

(Last) (First) (Middle)

C/O P10, INC.

2699 HOWELL ST., 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		S		50,000	D	$12.4522	445,574	D(1)

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

Explanation of Responses:

1. This Form 4 is being filed by the Jon I. Madorsky Revocable Trust dated December 1, 2008 (the "Madorsky Trust"). Jon I. Madorsky, as trustee of the Madorsky Trust, is deemed to beneficially own the shares of Class A Common Stock owned directly by the Madorsky Trust.

Remarks:

The reporting person may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's Common Stock.

	/s/Amanda Coussens, as Attorney in Fact for the Reporting Person	09/04/2025
	** 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 transaction did the Madorsky Trust report for P10, Inc. (PX)?

The Madorsky Trust reported a sale of 50,000 shares of Class A common stock on 08/26/2025 at a price of $12.4522 per share.

How many P10 (PX) shares does the Madorsky Trust own after the reported transaction?

The Form 4 reports the Madorsky Trust beneficially owns 445,574 shares following the sale.

Who filed the Form 4 for the Madorsky Trust?

The Form 4 was filed by the Jon I. Madorsky Revocable Trust with the signature executed by Amanda Coussens as attorney-in-fact for the reporting person.

Does this Form 4 show any derivative transactions or purchases?

No. The filing only reports a non-derivative sale (transaction code S) of Class A common stock and no derivative securities or acquisitions are listed.

Is there any indication of a change in control from this filing?

No. While the filing notes the reporting person "may be deemed" part of a Section 13(d) group, this Form 4 does not report any change in control or confirm group status.