[Form 4] P10, Inc. Insider Trading Activity

Rhea-AI Filing Summary

P10, Inc. insider filings show Director and >10% owner Edwin A. Poston executed multiple sales of Class A common stock in August 2025. On 08/22/2025 Mr. Poston sold 70,000 shares at a weighted-average price of $12.803, reducing his reported beneficial ownership from 2,603,531 shares. On 08/26/2025 he sold 27,024 shares at a weighted-average price of $12.499, leaving 2,576,507 shares reported as beneficially owned by entities associated with Mr. Poston. The filing also reports 60,502 shares sold (no transaction date shown in the table) and 521,664 shares held indirectly by the Edwin A. Poston Revocable Trust. The Form 4 discloses that some holdings are owned by TrueBridge Colonial Fund and that Mr. Poston may be part of a group owning more than 10%.

Positive

• Transparent disclosure of weighted-average sale prices and ranges for the transactions
• Clear attribution of holdings between TrueBridge Colonial Fund and the Edwin A. Poston Revocable Trust

Negative

• Insider sales of at least 97,024 shares in August 2025 reduce reported insider ownership
• One sale of 60,502 shares in the table lacks an explicit transaction date, limiting clarity

Insights

Securities Analyst

TL;DR: Insider sales totaling at least 97,024 shares in August 2025 moderately reduce reported insider ownership; represents liquidity actions rather than corporate change.

The reported transactions show systematic sales on 08/22/2025 (70,000 shares at a $12.64–$12.86 range, weighted $12.803) and 08/26/2025 (27,024 shares at a $12.47–$12.52 range, weighted $12.499). Beneficial ownership reported fell from 2,603,531 to 2,576,507 shares for holdings attributable to Mr. Poston and affiliated entities. The filing discloses ownership through TrueBridge Colonial Fund and the Poston Revocable Trust, and notes potential Section 13(d) group status. These are material insider sales to note but the filing contains no operational or financial performance disclosures.

Corporate Governance Expert

TL;DR: Director and significant stockholder executed multiple sales; governance disclosure is thorough but raises ordinary questions about insider liquidity.

The Form 4 provides clear attribution of ownership between direct, indirect, and trust holdings and includes explanatory footnotes about beneficial ownership disclaimers. It identifies First Republic Trust Company of Delaware as trustee of TrueBridge Colonial and clarifies Mr. Poston's role as sole trustee of his revocable trust. The filing also states the Reporting Person serves on the board and may be part of a >10% Section 13(d) group. No indication of related-party transactions or changes in board status are contained in the document.

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^*

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)
08/22/2025

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	08/22/2025		S		70,000	D	$12.803(1)	2,603,531	I(2)	By TrueBridge Colonial Fund, u/a 11/15/2015
Class A Common Stock	08/26/2025		S		27,024	D	$12.499(3)	2,576,507	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 $12.64 to $12.86. 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. Mr. Poston 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 $12.47 to $12.52. 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 Mr. Poston.

5. Represents securities of the Issuer owned directly by the Edwin A. Poston Revocable Trust (the "Poston Trust"). Mr. Poston, as sole trustee of the Poston Trust, may be deemed to beneficially own the securities of the Issuer owned indirectly by TrueBridge Colonial. Mr. Poston 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	08/26/2025
	** 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 P10, Inc. (PX) report for Edwin A. Poston in August 2025?

The Form 4 reports sales of 70,000 shares on 08/22/2025 (weighted-average price $12.803) and 27,024 shares on 08/26/2025 (weighted-average price $12.499), plus a 60,502-share disposition listed without a date.

How many shares did Mr. Poston report beneficially owning after these transactions?

Following the 08/26/2025 sale the filing reports 2,576,507 shares beneficially owned by entities associated with Mr. Poston; earlier the filing shows 2,603,531 shares after the 08/22/2025 sale.

Are any of Mr. Poston's holdings held indirectly or by trusts?

Yes. The filing attributes holdings to TrueBridge Colonial Fund, u/a 11/15/2015 and to the Edwin A. Poston Revocable Trust (521,664 shares reported indirectly).

Does the Form 4 indicate Mr. Poston is a board member or a >10% owner?

Yes. The filing indicates Mr. Poston is a Director and a 10% owner, and it notes he may be part of a Section 13(d) group collectively owning more than 10%.

Were sale prices provided for the transactions?

Yes. The filing provides weighted-average prices and ranges: $12.64–$12.86 (weighted $12.803) for the 08/22 sales and $12.47–$12.52 (weighted $12.499) for the 08/26 sales.