[Form 4] P10, Inc. Insider Trading Activity

Rhea-AI Filing Summary

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.

11/24/2025 - 05:55 PM

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

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		C		18,427	A	(1)(2)	18,427	I(3)	By TrueBridge Ascent LLC
Class A Common Stock	11/21/2025		S		18,427	D	$9.018(4)	0	I(3)	By TrueBridge Ascent LLC
Class A Common Stock								2,398,531	I(5)	By TrueBridge Colonial Fund, u/a 11/15/2015
Class A Common Stock								60,502	D(6)
Class A Common Stock								521,664	I(7)	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
Class B Common Stock	(1)(2)	11/13/2025		C			18,427	(1)(2)	(1)(2)	Class A Common Stock	18,427	(1)(2)	116,024	I(3)	By TrueBridge Ascent LLC
Class B Common Stock	(1)(2)							(1)(2)	(1)(2)	Class A Common Stock	5,216,646		5,216,646	I(5)	By TrueBridge Colonial Fund, u/a 11/15/2015

Explanation of Responses:

1. Holders of Class B Common Stock may elect to convert such shares on a one-for-one basis into Class A Common Stock at any time. After a Sunset (as defined below) becomes effective, each share of Class B Common Stock will automatically convert into Class A Common Stock.

2. Continued from footnote 2: A "Sunset" is triggered by any of the earlier of the following: (i) the Sunset Holders (as defined in the amended and restated certificate of incorporation of the Issuer (the "Charter")) cease to maintain direct or indirect beneficial ownership of 10% of the outstanding shares of Class A Common Stock (determined assuming all outstanding shares of Class B Common Stock have been converted into Class A Common Stock), (ii) the Sunset Holders collectively cease to maintain direct or indirect beneficial ownership of at least 25% of the aggregate voting power of the outstanding shares of Common Stock, and (iii) upon the tenth anniversary of the effective date of the Charter. On November 13, 2025, TrueBridge Ascent LLC converted 18,427 shares of Class B Common Stock into an equivalent number of shares of Class A Common Stock.

3. Represents securities of the Issuer owned directly by TrueBridge Ascent LLC. The Reporting Person, as a manager of TrueBridge Ascent LLC, may be deemed to be deemed to beneficially own the securities of the Issuer owned directly by TrueBridge Ascent LLC. 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.

4. Price reflects the weighted average sale price for the shares, which were sold in multiple transactions at prices that ranged from $9.00 to $9.04. 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 of the issuer, or the SEC staff.

5. 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.

6. Represents securities of the Issuer owned directly by the Reporting Person.

7. 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	11/24/2025
	** 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 transaction did P10 (PX) disclose for Edwin A. Poston?

P10 disclosed that an affiliate of director Edwin A. Poston, TrueBridge Ascent LLC, converted 18,427 Class B shares into Class A on November 13, 2025, and sold 18,427 Class A shares on November 21, 2025.

At what price were P10 (PX) shares sold in this Form 4 filing?

The 18,427 Class A Common Stock shares were sold at a weighted average price of $9.018 per share, in multiple trades ranging from $9.00 to $9.04.

How many P10 (PX) Class A shares does Edwin A. Poston report indirectly owning after the transactions?

After the reported trades, 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, along with other positions.

What happened to the 18,427 P10 (PX) Class B shares mentioned in the filing?

On November 13, 2025, 18,427 Class B Common Stock shares held by TrueBridge Ascent LLC were converted one-for-one into 18,427 Class A shares, consistent with the issuer’s dual-class structure.

Does Edwin A. Poston claim full beneficial ownership of all reported P10 (PX) securities?

No. The filing states that Poston disclaims beneficial ownership of the issuer’s securities except to the extent of his pecuniary interest in the entities holding those shares.

What is Edwin A. Poston’s relationship to P10 (PX)?

Edwin A. Poston is identified as a director of P10, Inc. and is also described as having other relationships through affiliated investment entities and a revocable trust.

What does the filing say about group ownership of P10 (PX) stock?

The filing notes that Poston may be deemed part of a Section 13(d) group that collectively beneficially owns more than 10% of P10’s common stock, though only his direct and indirect holdings are reported here.