[Form 4] P10, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mel Williams filed a Form 4 reporting sales of P10, Inc. (PX) common stock on September 23, 2025. The filing shows dispositions totaling 137,242 shares (66,218 shares sold at a weighted-average price of $12.025, and 71,024 shares disposed of as reported on the form). After the transactions, the filing reports beneficial ownership of 4,018,995 shares held indirectly by The Mel Williams Irrevocable Trust dated August 12, 2015. The filing discloses that Alliance Trust Company, as trustee, may be deemed to beneficially own the trust-held shares and that the Reporting Person is a member of a Section 13(d) group that collectively owns more than 10% of the company. The Reporting Person includes standard disclaimers limiting perceived beneficial ownership to his pecuniary interest.

Insights

Corporate Governance Expert

TL;DR: Routine insider dispositions disclosed; group control above 10% remains notable for governance.

The Form 4 documents insider disposals totaling 137,242 shares on a single date, with a disclosed weighted-average sale price of $12.025 for 66,218 of those shares. The report confirms indirect holdings of 4,018,995 shares held by a family trust with Alliance Trust Company as trustee, and notes membership in a Section 13(d) group owning over 10% of the company. From a governance perspective, the filing is a timely, compliant disclosure of transactions and ongoing concentrated ownership. Concentrated ownership and Section 13(d) group status are material for control and voting influence, while routine sales by insiders are informational but not necessarily indicative of governance changes absent additional context.

Securities Analyst

TL;DR: Insider sale of 137,242 shares reported; transaction sizes and remaining trust holdings are quantifiable and relevant to share float analysis.

The reporting shows a sale of 66,218 shares at a weighted-average price of $12.025 and an additional disposition of 71,024 shares reported on the same Form 4, totaling 137,242 shares disposed. Post-transaction beneficial ownership of 4,018,995 shares by the Williams Trust remains significant when assessing shareholder concentration and potential supply pressure. The filing includes standard disclaimer language limiting the Reporting Person's claimed beneficial ownership to pecuniary interest. This is a factual disclosure useful for modeling insider activity and calculating free float; without trading context or intent, the impact is informational rather than directional.

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

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Williams Mel

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

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	09/23/2025		S		66,218	D	$12.025(1)	4,018,995	I(2)	By The Mel Williams Irrevocable Trust u/a/d August 12, 2015
Class A Common Stock								71,024	D(3)

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 sale price for the shares, which were sold in multiple transactions at prices that ranged from $12.00 to $12.13. 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.

2. 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.

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

Remarks:

This Form is being filed by Mel Williams (the "Reporting Person"). The Reporting Person is a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's Common Stock. 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.

	By: Dominic Hong, as Attorney-in-Fact for the Reporting Person, /s/ Dominic Hong	09/25/2025
	** 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).
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