PX insider Edwin A. Poston reports Class B to A conversion, sale
Rhea-AI Filing Summary
P10, Inc. (PX) reported an insider transaction by director Edwin A. Poston. On 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 18,427 | $9.018 | $166K |
| Conversion | Class B Common Stock | 18,427 | $0.00 | -- |
| Conversion | Class A Common Stock | 18,427 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (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. 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. 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. 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. 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. Represents securities of the Issuer owned directly by the Reporting Person. 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.
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.
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.