SCHEDULE: P10 Inc. Ownership Update: Group Disposes of 1% Stake, Triggering Schedule 13D Amendment

A group of investors, including 210 Capital, RHA Partners, and individuals Robert Alpert and C. Clark Webb, have collectively disposed of 1% or more of P10 Inc.'s Class A common stock, necessitating an amendment to their Schedule 13D filing.

Summary

• This document is an amendment to a Schedule 13D filing, triggered by a group of investors disposing of 1% or more of P10 Inc.'s Class A common stock.
• The filing updates the beneficial ownership of P10 Inc. shares by several entities and individuals, including 210 Capital, LLC, 210/P10 Acquisition Partners, LLC, Covenant RHA Partners, L.P., CCW/LAW Holdings, LLC, RHA Investments, Inc., Robert Alpert, and C. Clark Webb.
• The group collectively holds 3,241,537 shares of Class A common stock through 210/P10 Acquisition Partners, LLC, with shared voting and dispositive power.
• Robert Alpert and C. Clark Webb each also have sole voting and dispositive power over 425,093 shares of Class A common stock through exercisable stock options.
• The total beneficial ownership for Robert Alpert and C. Clark Webb is 3,666,630 shares each, representing 5.3% of the outstanding Class A common stock.
• The percentage of ownership is based on 69,128,856 shares of Class A common stock outstanding as of January 13, 2025.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting a change in ownership structure. There is no indication of positive or negative sentiment, it is a factual update.

Risks

• The disposition of shares by the group could indicate a change in their investment strategy or outlook on P10 Inc.

Industry Context

Schedule 13D filings are a standard part of US securities regulations, requiring disclosure of significant ownership changes in publicly traded companies. This filing indicates a notable shift in the ownership structure of P10 Inc.

Comparison to Industry Standards

• Schedule 13D filings are common for investors who acquire more than 5% of a company's voting shares, or when there are significant changes in ownership.
• The filing is consistent with SEC regulations and is a standard practice for reporting changes in beneficial ownership.
• The ownership structure of P10 Inc. is not unusual, with a mix of institutional and individual investors holding significant stakes.

Stakeholder Impact

• The change in ownership may be of interest to shareholders, as it could signal a shift in investor sentiment or strategy.

Key Dates

Keywords

Schedule 13D, beneficial ownership, P10 Inc., Class A common stock, 210 Capital, RHA Partners, Robert Alpert, C. Clark Webb, share disposition, voting power, dispositive power