P10, Inc. Ownership Change Filed

TL;DR

BIG SHIFT: P10 Inc. ownership group just filed a 13D/A. Watch this space.

AI Summary

On October 8, 2024, a Schedule 13D/A filing was made concerning P10, Inc. This amendment indicates a change in beneficial ownership by a group including 210 Capital, LLC, C. Clark Webb, CCW/Law Holdings, LLC, Covenant RHA Partners, L.P., RHA Investments, Inc., and Robert Alpert. The filing details their holdings and intentions regarding the Class A Common Stock of P10, Inc.

Why It Matters

This filing signals a potential shift in control or influence over P10, Inc. by a newly formed or updated group of significant shareholders.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate activist investors or significant changes in control, which can lead to volatility.

Key Players & Entities

• P10, Inc. (company) — Subject Company
• 210 Capital, LLC (company) — Filing Group Member
• C. Clark Webb (person) — Filing Group Member
• CCW/Law Holdings, LLC (company) — Filing Group Member
• Covenant RHA Partners, L.P. (company) — Filing Group Member
• RHA Investments, Inc. (company) — Filing Group Member
• Robert Alpert (person) — Filing Group Member
• Adam W. Finerman, Esq. (person) — Authorized Contact

FAQ

Key Financial Figures

• $0.001 — suer) Class A Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• d884199dsc13da.htm (SC 13D/A) — 151KB
• 0001193125-24-234505.txt ( ) — 153KB

(c) of the Original Schedule 13D is hereby amended and restated in its entirety as follows

Item 2(c) of the Original Schedule 13D is hereby amended and restated in its entirety as follows: (c) Mr. Alpert serves as a member of the board of directors of the Issuer. Mr. Webb serves as Executive Vice Chairman of the Issuer and as a member of the board of directors of the Issuer. 210/P10 was formed to invest and support the Issuers exit from bankruptcy and subsequent growth. 210 Capital is a registered, non-reporting investment advisor. RHA Partners and CCW Holdings are each personal investment vehicles, and RHA Investments was formed to serve as the general partner of RHA Partners, which is wholly owned by Mr. Alpert. Item4. Purpose of Transaction.

of the Original Schedule 13D is hereby amended and supplemented as follows

Item 4 of the Original Schedule 13D is hereby amended and supplemented as follows: Since the filing of the Original Schedule 13D, the Reporting Persons have engaged in transactions in the shares of Class A common stock of the Issuer, including: (i) market sales effected under the 210 10b5-1 Plan adopted by 210/P10 for liquidity and investment purposes; and (ii) the vesting and settlement of compensatory restricted stock units in connection with the termination of the Transition Agreement of Mr. Alpert. Item5. Interest in Securities of the Issuer.

of the Original Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety as follows: (a)(b) The information contained in rows 7, 8, 9, 10, 11 and 13 on the cover pages of this Schedule 13D (including the footnotes thereto) is incorporated by reference herein. 210/P10 is the direct beneficial holder of the 2,750,000 shares of Class A common stock and 9,667,397 shares of Class B common stock that may be deemed to be beneficially owned by each Reporting Person. The holders of Class B Common Stock may elect to convert on a one-for-one basis into Class A Common Stock at any time. 210/P10 is managed by its sole member, 210 Capital, which is managed by its members RHA Partners and CCW Holdings. Mr. Webb has the power to direct the affairs of CCW Holdings as its sole manager. In addition, RHA Partners is managed by its general partner RHA Investments, and Mr. Alpert has the power to direct the affairs of RHA Investments as its President and sole shareholder. Accordingly, each of 210 Capital, RHA Partners, CCW Holdings, RHA Investments, Mr. Alpert and Mr. Webb may be deemed to beneficially own such shares of Class B common stock. In addition, (i) Mr. Alpert directly holds 339,150 shares of Class A common stock and may be deemed to beneficially own an additional 425,093 shares of Class A common stock issuable upon exercise of exercisable stock options; and (ii) Mr. Webb directly holds 334,150 shares of Class A common stock and may be deemed to beneficially own an additional 442,064 shares of Class A common stock issuable upon vesting of restricted stock units that are scheduled to vest within 60 days after the date hereof and 425,093 shares of Class A common stock issuable upon exercise of exercisable stock options. However, each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Exchange Act of 1934, as amended,

of the Original Schedule 13D is hereby amended and supplemented as follows

Item 6 of the Original Schedule 13D is hereby amended and supplemented as follows: Termination of Executive Transition Agreement In connection with his resignation as Executive Chairman of the Issuer, Mr. Alpert and the Issuer agreed to the early termination of his Executive Transition Agreement, dated as of October 20, 2023, in each case effective as of June 14, 2024. As a result of the termination, a prorated portion of the restricted stock units granted to Mr. Alpert under his Transition Agreement vested effective June 14, 2024. Mr. Alpert remained as a member of the board of directors. the resignation of Mr. Alpert as Executive Chairman and appointed CEO and President Luke A. Sarsfield III as Chairman of the Board, in each case, to become effective as of the upcoming annual meeting of stockholders on June 14, 2024. Mr. Alpert will remain on the Board. In connection with Mr. Alperts resignation as Executive Chairman, the Company and Mr. Alpert agreed to the early termination of the Executive Transition Agreement, dated as of October 20, 2023, by and between P10 Intermediate Holdings, LLC and Mr. Alpert, effective as of June 14, 2024.

SIGNATURES

SIGNATURES 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. Dated: October 8, 2024 210/P10 ACQUISITION PARTNERS, LLC By: 210 Capital, LLC Its: Member By: /s/ Robert Alpert Its: Authorized Signatory 210 CAPITAL, LLC By: Covenant RHA Partners, L.P. Its: Member By: /s/ Robert Alpert Its: Authorized Signatory By: CCW/LAW Holdings, LLC Its: Member By: /s/ C. Clark Webb Its: Authorized Signatory CCW/LAW HOLDINGS, LLC By: /s/ C. Clark Webb Its: Authorized Signatory COVENANT RHA PARTNERS, L.P. By: RHA Investments, Inc. Its: Member By: /s/ Robert Alpert Its: Authorized Signatory RHA INVESTMENTS, INC. By: /s/ Robert Alpert Its: President /s/ Robert Alpert ROBERT ALPERT /s/ C. Clark Webb C. CLARK WEBB Appendix C For each Reporting Person listed below, the following table sets forth information regarding transactions involving shares of Class A common stock of the Issuer effected during the 60 days ended October 8, 2024, including the aggregate number of shares disposed of, the date of the transaction, the price per share, the aggregate proceeds and where and how the transaction was effected. Name Number and Type of shares of Class A common stock disposed Date Price Per Share Aggregate Proceeds Where and How the Transaction was Effected 210/P10 33,110 09/13/2024 $ 10.5380 $ 0.349 M Market sale under the 210 10b5-1 Plan 210/P10 129,462 09/16/2024 $ 10.5281 $ 1.363 M Market sale under the 210 10b5-1 Plan 210/P10 106,623 09/17/2024 $ 10.6627 $ 1.137 M Market sale under the 210 10b5-1 Plan 210/P10 13,262 09/18/2024 $ 10.7518 $ 0.143 M Market sale under the 210 10b5-1 Plan 210/P10 217,543 09/19/2024 $ 10.8211 $ 2.354 M Market sale under the 210 10b5-1 Plan 210/P10 2,576 9/26/2024 $ 11.000

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View this SC 13D/A filing on SEC EDGAR