210 Capital, LLC - 23 Oct 2023 Form 4 Insider Report for P10, Inc. (PX)

Role
Officer, Director, 10%+ Owner
Signature
/s/Amanda Coussens as Attorney-in-Fact for the Reporting Persons
Issuer symbol
PX
Transactions as of
23 Oct 2023
Net transactions value
+$3,066,991
Form type
4
Filing time
25 Oct 2023, 16:10:09 UTC
Previous filing
17 Mar 2023
Next filing
20 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PX Class A Common Stock Options Exercise +143,860 +566% 169,258 23 Oct 2023 Direct F1, F2, F3, F4
transaction PX Class A Common Stock Tax liability $528,603 -56,839 -34% $9.30 112,419 23 Oct 2023 Direct F1, F2, F4
transaction PX Class A Common Stock Options Exercise +143,860 +566% 169,258 23 Oct 2023 Direct F1, F2, F3, F5
transaction PX Class A Common Stock Tax liability $528,603 -56,839 -34% $9.30 112,419 23 Oct 2023 Direct F1, F2, F5
transaction PX Class A Common Stock Award $3,400,006 +365,592 +325% $9.30 478,011 23 Oct 2023 Direct F1, F2, F4, F6
transaction PX Class A Common Stock Tax liability $1,337,907 -143,861 -30% $9.30 334,150 23 Oct 2023 Direct F1, F2, F4
transaction PX Class A Common Stock Award $3,400,006 +365,592 +325% $9.30 478,011 23 Oct 2023 Direct F1, F2, F5, F7
transaction PX Class A Common Stock Tax liability $1,337,907 -143,861 -30% $9.30 334,150 23 Oct 2023 Direct F1, F2, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PX Restricted Stock Units Options Exercise $0 -143,860 -100% $0.000000* 0 23 Oct 2023 Class A Common Stock 143,860 Direct F1, F2, F3, F4, F8
transaction PX Restricted Stock Units Options Exercise $0 -143,860 -100% $0.000000* 0 23 Oct 2023 Class A Common Stock 143,860 Direct F1, F2, F3, F5, F9
transaction PX Restricted Stock Units Award $0 -107,527 -50% $0.000000 107,527 23 Oct 2023 Class A Common Stock 107,527 Direct F1, F2, F3, F4, F10
transaction PX Restricted Stock Units Award $0 -10,753 -50% $0.000000 10,753 23 Oct 2023 Class A Common Stock 10,753 Direct F1, F2, F3, F5, F11
transaction PX Stock Option (right to buy) Award $0 -196,434 -50% $0.000000 196,434 23 Oct 2023 Class A Common Stock 196,434 $9.17 Direct F1, F2, F4, F12
transaction PX Stock Option (right to buy) Award $0 -196,434 -50% $0.000000 196,434 23 Oct 2023 Class A Common Stock 196,434 $9.17 Direct F1, F2, F5, F13
holding PX Stock Option (right to buy) 228,659 23 Oct 2023 Class A Common Stock 228,659 $9.93 Direct F1, F2, F4, F14
holding PX Stock Option (right to buy) 228,659 23 Oct 2023 Class A Common Stock 228,659 $9.93 Direct F1, F2, F5, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed by: (i) 210 Capital, LLC ("210 Capital"), in its capacity as the sole member of the direct holder of shares of Class B Common Stock; (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, and in his capacity as Executive Vice Chairman of the Issuer; (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, and in his capacity as Executive Chairman of the Issuer (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 Each restricted stock unit ("RSU") represents a right to receive one share of the Issuer's Class A Common Stock upon vesting.
F4 These securities are owned directly by Mr. Webb.
F5 These securities are owned directly by Mr. Alpert.
F6 Pursuant to an Executive Transition Agreement between the Issuer and Mr. Webb (the "Webb Transition Agreement"), effective October 23, 2023, Mr. Webb was granted 365,592 fully vested shares of Class A Common Stock in lieu of cash.
F7 Pursuant to an Executive Transition Agreement between the Issuer and Mr. Alpert (the "Alpert Transition Agreement"), effective October 23, 2023, Mr. Alpert was granted 365,592 fully vested shares of Class A Common Stock in lieu of cash.
F8 On March 9, 2023, Mr. Webb was granted a total of 143,860 RSUs. Pursuant to the Webb Transition Agreement, all of these RSUs became immediately vested effective October 23, 2023.
F9 On March 9, 2023, Mr. Alpert was granted a total of 143,860 RSUs. Pursuant to the Alpert Transition Agreement, all of these RSUs became immediately vested effective October 23, 2023.
F10 Effective October 23, 2023, pursuant to the Webb Transition Agreement, Mr. Webb was granted 107,527 RSUs, all of which will vest on the first anniversary of the grant date (October 23, 2024).
F11 Effective October 23, 2023, pursuant to the Alpert Transition Agreement, Mr. Alpert was granted 10,753 RSUs, all of which will vest on the first anniversary of the grant date (October 23, 2024).
F12 Effective October 23, 2023, pursuant to the Webb Transition Agreement, Mr. Webb was granted 196,434 stock options, all of which were immediately vested and exercisable upon such grant.
F13 Effective October 23, 2023, pursuant to the Alpert Transition Agreement, Mr. Alpert was granted 196,434 stock options, all of which were immediately vested and exercisable upon such grant.
F14 On March 9, 2023, Mr. Webb was granted a total of 228,659 stock options. Pursuant to the Webb Transition Agreement, all of these stock options became immediately vested and exercisable effective on October 23, 2023.
F15 On March 9, 2023, Mr. Alpert was granted a total of 228,659 stock options. Pursuant to the Alpert Transition Agreement, all of these stock options became immediately vested and exercisable effective on October 23, 2023.

Remarks:

The Reporting Persons may be deemed to be members of group under Section 13 that collectively beneficially owns more than 10% of the Issuer's Common Stock. In addition, Mr. Alper serves as Executive Chairman and Mr. Webb serves as Executive Vice Chairman of the Issuer, and each serve as a director on the Board of Directors of the Issuer.