P10, Inc. — Director's Dealing 2024

Dec 7, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: P10, Inc. (PX)
CIK: 0001841968
Period of Report: 2024-12-04

Reporting Person: 210 Capital, LLC (N/A)
Reporting Person: Alpert Robert H (N/A)
Reporting Person: Webb C Clark (N/A)
Reporting Person: COVENANT RHA PARTNERS, L.P. (N/A)
Reporting Person: CCW/LAW Holdings, LLC (N/A)
Reporting Person: RHA Investments, Inc. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-04	Class A Common Stock	S	213500	$13.906	Disposed	300000	Indirect
2024-12-04	Class A Common Stock	C	700000	—	Acquired	1000000	Indirect
2024-12-05	Class A Common Stock	S	130000	$13.8936	Disposed	870000	Indirect
2024-12-06	Class A Common Stock	S	95000	$13.3788	Disposed	775000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-12-04	Class B Common Stock	$	C	700000	Disposed		Class A Common Stock (700000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	0	Direct
Class A Common Stock	0	Direct

Footnotes

F1: This Form 4 is being filed by: (i) 210 Capital, LLC ("210 Capital"), in its capacity as the sole member of 210/P10 Acquisition Partners, LLC, the direct holder of shares of Class B Common Stock ("210/P10"); (ii) Covenant RHA Partners, L.P. ("RHA Partners"), in its capacity as member of 210 Capital; (iii) CCW/LAW Holdings, LLC ("CCW Holdings"), in its capacity as member of 210 Capital; (iv) Mr. Webb, individually and in his capacity as sole member of CCW Holdings; (v) RHA Investments, Inc. ("RHA Investments"), in its capacity as general partner of RHA Partners; and (vi) Mr. Alpert, individually and in his capacity as President and sole shareholder of RHA Investments (collectively, the "Reporting Persons").

F2: (Continued from footnote 1) Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein, except to the extent of his or its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that such persons are beneficial owners of the securities of the Issuer reported herein.

F3: The sales prices for the transactions reported herein were lower than the sales prices that were used to calculate short swing profits previously disgorged by or on behalf of Mr. Webb under Section 16(b) of the Securities Exchange Act of 1934, as amended, in connection with prior sales that may have been matchable with an inadvertent purchase made on behalf of Mr. Webb. Therefore, no further disgorgeable profits resulted from this reported sale.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.795 to $14.18, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F5: These securities are owned directly by 210/P10. By virtue of their relationship with 210/P10 described in Footnote 1, each Reporting Person may be deemed to beneficially own the securities of the Issuer owned directly by 210/P10.

F6: 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.

F7: Continued from Footnote 6: 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 December 4, 2024, the Reporting Persons elected to convert 700,000 shares of Class B Common Stock into an equivalent number of shares of Class A Common Stock.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.75 to $14.005, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.25 to $13.83, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

F10: These securities are owned directly by Mr. Alpert.

F11: These securities are owned directly by Mr. Webb.