Mel Williams reports P10 (PX) share conversion and $9.018 sale
Rhea-AI Filing Summary
P10, Inc. (PX) director and 10% owner Mel Williams reported insider transactions involving Class A and Class B Common Stock. On November 13, 2025, TrueBridge Ascent LLC converted 18,427 shares of Class B Common Stock into an equal number of Class A shares, reflecting the one-for-one conversion feature of Class B stock. On November 21, 2025, TrueBridge Ascent LLC sold 18,427 Class A shares at a weighted average price of $9.018, leaving it with zero Class A shares reported in this line.
After these transactions, Williams is reported as indirectly beneficially owning 4,018,995 shares of Class A Common Stock through The Mel Williams Irrevocable Trust and also holding other direct and indirect positions, including through MAW Management Co. The filing notes that Williams may be deemed part of a group that collectively owns more than 10% of P10’s common stock, while he disclaims beneficial ownership beyond his pecuniary interest.
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 B 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 by The Mel Williams Irrevocable Trust u/a/d August 12, 2015 (the "Williams Trust"). Alliance Trust Company, as trustee of the Williams Trust, may be deemed to beneficially own the securities of the Issuer owned directly by the Williams Trust. 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 MAW Management Co. ("MAW Management"). The Reporting Person, as the president of MAW Management, may be deemed to beneficially own the securities of the Issuer owned directly by MAW Management. 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 Mel Williams report for P10, Inc. (PX)?
Mel Williams reported that TrueBridge Ascent LLC converted 18,427 shares of Class B Common Stock into 18,427 shares of Class A Common Stock on November 13, 2025, and then sold 18,427 Class A shares on November 21, 2025 at a weighted average price of $9.018.
What is Mel Williams’ indirect ownership in P10, Inc. (PX) through the Williams Trust?
The filing reports that 4,018,995 shares of Class A Common Stock are owned directly by The Mel Williams Irrevocable Trust u/a/d August 12, 2015, which may be deemed to be beneficially owned indirectly by Mel Williams, subject to his pecuniary interest.
Why does the filing mention a Section 13(d) group for P10 (PX)?
The filing states that Mel Williams may be deemed a member of a Section 13(d) group that collectively beneficially owns more than 10% of P10’s Common Stock. However, he disclaims beneficial ownership of the securities reported, except to the extent of his pecuniary interest.