[Form 4] P10, Inc. Insider Trading Activity

Rhea-AI Filing Summary

P10, Inc. (PX) director David M. McCoy reported a sale of 44,000 shares of Class A common stock on 09/19/2025 at a reported price of $12.08 per share, leaving him with 170,323 shares beneficially owned. The filing notes McCoy may be part of a Section 13(d) group that collectively owns more than 10% of the company; shares held by other group members are reported separately.

Positive

• Timely and specific disclosure of the insider sale including date, price, and post-transaction holdings
• Reporting person is a director, providing clarity on the insider's role and holdings

Negative

• Insider sale of 44,000 shares at $12.08 reduces the director's direct holdings and may be viewed negatively by some investors
• Disclosure that the reporting person may be part of a Section 13(d) group owning >10%, which could imply coordinated ownership changes reported separately

Insights

Financial Analyst

TL;DR: Director sold shares but retains a meaningful stake; transaction disclosed promptly.

The reported sale of 44,000 shares at $12.08 is a clear, dated insider transaction and reduces McCoy's direct stake to 170,323 shares. This filing provides transparent execution details and updated beneficial ownership but shows no derivative activity or new acquisitions. Impact on valuation is limited absent broader selling patterns or additional disclosures.

Corporate Governance Expert

TL;DR: Insider sale disclosed; note about potential Section 13(d) group raises governance relevance.

The statement that the reporting person "may be deemed to be a member of a Section 13(d) group" is material from a governance and disclosure perspective because it signals collective ownership exceeding 10%. The filing properly separates the Reporting Person's holdings from other group members, but investors should track related filings for the full group position. No executive departures or unusual transaction codes are present.

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^*

McCoy David M.

(Last) (First) (Middle)

C/O P10, INC.

2699 HOWELL ST., SUITE 1000

(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)
09/19/2025

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	09/19/2025		S		44,000	D	$12.08	170,323	D

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:

Remarks:

This Form 4 is being filed on behalf of David M. McCoy (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 outstanding Common Stock. The securities reported herein do not include any securities held by any group member other than the Reporting Person, as such securities are being reported in separate Form 4 filings.

	/s/Amanda Coussens, Attorney in Fact for the Reporting Persons	09/23/2025
	** 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 did David M. McCoy report in the Form 4 for P10, Inc. (PX)?

The Form 4 reports a sale of 44,000 Class A shares on 09/19/2025 at $12.08 per share, leaving 170,323 shares beneficially owned.

How much did the insider receive per share in the reported PX transaction?

The reported sale price was $12.08 per share.

Does the filing indicate any option exercises or derivative transactions for PX?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

Is David M. McCoy part of a larger ownership group in PX?

The filing states he may be deemed a member of a Section 13(d) group that collectively owns more than 10% of the issuer; other group members' holdings are reported separately.

When was the Form 4 signed and filed?

The signature block shows the form was signed on 09/23/2025 by an attorney-in-fact on behalf of the reporting person.