Form 4: P10 Director-Affiliated Entity Sells Shares

P10 Director Edwin A. Poston reported that TrueBridge Ascent LLC converted Class B to Class A common stock and subsequently sold 18,427 Class A shares for $9.018 each.

Summary

• Edwin A. Poston, a Director of P10, Inc., filed a Form 4 to report transactions involving the company's securities.
• On November 13, 2025, TrueBridge Ascent LLC, an entity for which Poston serves as a manager, converted 18,427 shares of Class B Common Stock into an equivalent number of Class A Common Stock.
• On November 21, 2025, TrueBridge Ascent LLC sold these 18,427 Class A Common Stock shares at a weighted average price of $9.018 per share.
• Following these transactions, TrueBridge Ascent LLC's direct beneficial ownership of Class A Common Stock from this specific transaction is 0 shares, but it still holds 116,024 Class B derivative securities.
• Poston also indirectly beneficially owns 2,398,531 Class A shares through TrueBridge Colonial Fund, u/a 11/15/2015, 60,502 Class A shares directly, and 521,664 Class A shares through the Edwin A. Poston Revocable Trust.
• Poston disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a standard Form 4 filing reporting an insider transaction (conversion and sale of shares) and does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The filing is a transaction report and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• 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.

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The reported transactions involve TrueBridge Ascent LLC, an entity where Edwin A. Poston serves as a manager, making these related party dealings for reporting purposes.
• Edwin A. Poston also indirectly holds shares through TrueBridge Colonial Fund, u/a 11/15/2015, and the Edwin A. Poston Revocable Trust, where he is the sole trustee.

Stakeholder Impact

• Shareholders: The sale of shares by an entity affiliated with a director provides transparency regarding insider holdings and transactions, which can influence investor perception, though the amount is relatively small.
• Regulatory bodies: The filing ensures compliance with SEC regulations for insider trading disclosures, promoting market transparency.

Key Dates

Recommendation

The filing reports a routine insider transaction involving the conversion and subsequent sale of a relatively small number of shares by an entity associated with a director. This type of transaction, without further context or a significant change in beneficial ownership, typically does not warrant a change in investment recommendation.

Keywords

P10, PX, Edwin A. Poston, insider transaction, stock sale, Class A Common Stock, Class B Common Stock, TrueBridge Ascent LLC, Form 4, director transaction