[Form 4] P10, Inc. Insider Trading Activity

Rhea-AI Filing Summary

P10, Inc. (PX) director and greater-than-10% owner Edwin A. Poston reported multiple open-market disposals of Class A common stock in September 2025. Reported non-derivative sales occurred on 09/18/2025 (91,949 shares at a weighted average $12.16), 09/19/2025 (7,344 shares at a weighted average $12.082), and 09/22/2025 (8,683 shares at $11.87), with aggregate reductions reflected in the filing. The Form 4 shows 2,423,531 shares indirectly owned by TrueBridge Colonial Fund and 521,664 shares owned directly by the Edwin A. Poston Revocable Trust after these transactions. The filing discloses that the Reporting Person serves as a director and may be part of a Section 13(d) group owning over 10% of the issuer.

Positive

• Timely disclosure of insider transactions via a filed Form 4, meeting Section 16 reporting requirements
• Substantial retained holdings remain: 2,423,531 shares indirectly through TrueBridge Colonial Fund and 521,664 shares directly via the Poston Revocable Trust

Negative

• Material disposals reported: 91,949 shares on 09/18/2025, 7,344 shares on 09/19/2025, and 8,683 shares on 09/22/2025, reducing the Reporting Person's position
• Reporting Person may be part of a Section 13(d) group collectively owning more than 10%, which could alter perceived control dynamics following sales

Insights

Financial Analyst

TL;DR Insider director reported multiple small-block sales in September while retaining substantial direct and indirect holdings.

The Form 4 documents open-market sales executed across three dates in September 2025, with weighted-average prices provided for two multi-trade days and explicit share counts for each sale. Poston remains a significant holder through indirect ownership via TrueBridge Colonial Fund and direct ownership via a revocable trust, which preserves sizeable continuing exposure despite the disposals. The filing is a routine Section 16 disclosure that updates investors on ownership changes without accompanying commentary on intent or use of proceeds.

Corporate Governance Expert

TL;DR A director and >10% owner executed multiple share sales, raising governance and signaling considerations for stakeholders.

The filing explicitly states the Reporting Person is a director and may be part of a Section 13(d) group owning more than 10% of common stock. Multiple disposals totaling 108, -approximate- thousand shares are reported on separate dates with weighted-average prices for multi-trade days. While the Form 4 fulfills disclosure obligations, such material insider sales by a substantial shareholder warrant attention from governance observers because they change the composition of ownership reported in the filing.

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
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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^*

Poston Edwin A.

(Last) (First) (Middle)

C/O P10, INC.

4514 COLE AVENUE, SUITE 1600

(Street)

DALLAS TX 75205

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

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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	09/18/2025		S		91,949	D	$12.16(1)	2,439,558	I(2)	By TrueBridge Colonial Fund, u/a 11/15/2015
Class A Common Stock	09/19/2025		S		7,344	D	$12.082(3)	2,432,214	I(2)	By TrueBridge Colonial Fund, u/a 11/15/2015
Class A Common Stock	09/22/2025		S		8,683	D	$11.87	2,423,531	I(2)	By TrueBridge Colonial Fund, u/a 11/15/2015
Class A Common Stock								60,502	D(4)
Class A Common Stock								521,664	I(5)	By Edwin A. Poston Revocable Trust

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. Price reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $12.13 to $12.19. Upon request, the Reporting Person will provide information regarding the number of shares sold at each price within the range to the Issuer, any security holder, or the SEC staff.

2. Represents securities of the Issuer owned directly and indirectly by TrueBridge Colonial Fund, u/a 11/15/2015 ("TrueBridge Colonial"). First Republic Trust Company of Delaware, as trustee of TrueBridge Colonial, may be deemed to beneficially own the securities of the Issuer owned directly and indirectly by TrueBridge Colonial. The Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein, except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that the Reporting Person is a beneficial owner of the securities of the Issuer reported herein.

3. Price reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $12.08 to $12.10. Upon request, the Reporting Person will provide information regarding the number of shares sold at each price within the range to the Issuer, any security holder, or the SEC staff.

4. These securities are owned directly by the Reporting Person.

5. Represents securities of the Issuer owned directly by the Edwin A. Poston Revocable Trust (the "Poston Trust"). The Reporting Person, as sole trustee of the Poston Trust, may be deemed to beneficially own the securities of the Issuer owned indirectly by TrueBridge Colonial. The Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein, except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that the Reporting Person is a beneficial owner of the securities of the Issuer reported herein.

Remarks:

This Form 4 is being filed on behalf of Edwin A. Poston (the "Reporting Person"). The Reporting Person may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's Common Stock. The securities reported herein do not include securities of the Issuer held by any other group member other than those securities held directly or indirectly by the Reporting Person. In addition, the Reporting Person serves as a director on the board of directors of the Issuer.

	By: Dominic Hong, as Attorney-in-Fact for the Reporting Person, /s/ Dominic Hong	09/22/2025
	** 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 transactions did Edwin A. Poston report for P10, Inc. (PX)?

The Form 4 reports non-derivative sales of Class A common stock on 09/18/2025 (91,949 shares at a weighted average $12.16), 09/19/2025 (7,344 shares at weighted average $12.082), and 09/22/2025 (8,683 shares at $11.87).

How many P10, Inc. (PX) shares does the filing show Poston still owns?

The filing shows 2,423,531 shares indirectly owned by TrueBridge Colonial Fund and 521,664 shares owned directly by the Edwin A. Poston Revocable Trust following the reported transactions.

Does the Form 4 indicate Poston’s relationship to P10, Inc. (PX)?

Yes. The Form 4 indicates the Reporting Person is a director of the issuer and a greater-than-10% owner.

Are the reported sale prices exact per-share prices?

For two multi-trade days the filing provides weighted average prices and price ranges: 09/18/2025 sales had prices ranging $12.13 to $12.19 with a weighted average $12.16, and 09/19/2025 sales ranged $12.08 to $12.10 with a weighted average $12.082; 09/22/2025 is shown at $11.87.

Who filed the Form 4 on behalf of the Reporting Person?

The Form 4 was filed by Dominic Hong as Attorney-in-Fact for the Reporting Person, with signature dated 09/22/2025.