SCHEDULE 13G: Souder Family LLC and William F. Souder Disclose 8.5% Stake in P10, Inc. Class A Common Stock

Souder Family LLC and William F. Souder have jointly disclosed a beneficial ownership of 8.5% of P10, Inc.'s Class A Common Stock as of December 31, 2024, primarily through Class B shares with enhanced voting rights.

Summary

• Souder Family LLC and William F. Souder (the "Reporting Persons") have jointly filed a Schedule 13G regarding their beneficial ownership in P10, Inc.
• As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 5,076,956 shares of P10, Inc.'s Class A Common Stock.
• This ownership represents 8.5% of the Class A Common Stock outstanding.
• The beneficial ownership includes 4,261,939 shares of Class B Common Stock, which carry ten votes per share, 202,841 shares of Class A Common Stock, and options to acquire 612,176 shares of Class A Stock exercisable on or within 60 days of December 31, 2024.
• The shares beneficially owned represent 7.0% of the combined voting power of Class A and Class B Stock collectively, based on shares outstanding as of November 4, 2024.
• Both Souder Family LLC and William F. Souder share voting and dispositive power over these shares.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing (Schedule 13G) disclosing beneficial ownership. It does not contain subjective language or performance metrics that would indicate a positive or negative sentiment, thus a neutral score is appropriate.

Positives

• Disclosure of a significant ownership stake by a family entity and its manager, indicating a long-term, passive investment interest.
• The Class B shares held provide significant voting power (10 votes per share), allowing the Souder family to maintain influence over P10, Inc.

Future Outlook

The Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding P10, Inc.'s future performance or the reporting persons' future investment intentions beyond their passive investment status.

Management Comments

• The document includes a certification by William F. Souder, as Manager of Souder Family LLC and individually, stating that 'After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.'

Industry Context

This filing is a routine disclosure required when an entity or individual acquires beneficial ownership of more than 5% of a company's voting equity, indicating a significant, passive investment stake. It reflects a specific investor's position rather than broader industry trends, though significant passive stakes can signal confidence in a company within its sector.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily serves as a regulatory disclosure of beneficial ownership. It does not provide financial results or operational metrics that would typically be compared to industry standards or specific comparable companies.
• The ownership percentage of 8.5% of Class A Common Stock and 7.0% of combined voting power is a substantial stake for a single reporting group, indicating a significant, passive investment in P10, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant ownership stake held by Souder Family LLC and William F. Souder, which could influence perceptions of stability and long-term commitment. The Class B shares' enhanced voting rights mean this group holds significant influence.

Next Steps

• The document does not explicitly mention any future actions, events, or milestones for P10, Inc. or the reporting persons beyond the regulatory filing itself.

Key Dates

Keywords

P10 Inc., Schedule 13G, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Souder Family LLC, William F. Souder, Passive Investment, Equity Stake, Voting Rights