<SEC-DOCUMENT>0000921895-21-002748.txt : 20211122
<SEC-HEADER>0000921895-21-002748.hdr.sgml : 20211122
<ACCEPTANCE-DATETIME>20211122190813
ACCESSION NUMBER:		0000921895-21-002748
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211118
FILED AS OF DATE:		20211122
DATE AS OF CHANGE:		20211122

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COVENANT RHA PARTNERS, L.P.
		CENTRAL INDEX KEY:			0001274195
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40937
		FILM NUMBER:		211434175

	BUSINESS ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 650
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225
		BUSINESS PHONE:		214-999-6082

	MAIL ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 650
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225

	FORMER NAME:	
		FORMER CONFORMED NAME:	COVENANT INVESTMENTS L P
		DATE OF NAME CHANGE:	20031223

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Webb C Clark
		CENTRAL INDEX KEY:			0001694507

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40937
		FILM NUMBER:		211434171

	MAIL ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Alpert Robert H
		CENTRAL INDEX KEY:			0001694574

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40937
		FILM NUMBER:		211434172

	MAIL ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CCW/LAW Holdings, LLC
		CENTRAL INDEX KEY:			0001694778
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40937
		FILM NUMBER:		211434174

	BUSINESS ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225
		BUSINESS PHONE:		2149996082

	MAIL ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			210 Capital, LLC
		CENTRAL INDEX KEY:			0001694780
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40937
		FILM NUMBER:		211434176

	BUSINESS ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225
		BUSINESS PHONE:		21479996082

	MAIL ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RHA Investments, Inc.
		CENTRAL INDEX KEY:			0001694781
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40937
		FILM NUMBER:		211434173

	BUSINESS ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225
		BUSINESS PHONE:		2149996082

	MAIL ADDRESS:	
		STREET 1:		8214 WESTCHESTER DRIVE
		STREET 2:		SUITE 950
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75225

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			P10, Inc.
		CENTRAL INDEX KEY:			0001841968
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4514 COLE AVENUE, SUITE 1600
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205
		BUSINESS PHONE:		(214) 999-6063

	MAIL ADDRESS:	
		STREET 1:		4514 COLE AVENUE, SUITE 1600
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>OWNERSHIP DOCUMENT
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    <documentType>4</documentType>

    <periodOfReport>2021-11-18</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001841968</issuerCik>
        <issuerName>P10, Inc.</issuerName>
        <issuerTradingSymbol>PX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001694780</rptOwnerCik>
            <rptOwnerName>210 Capital, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <otherText></otherText>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001274195</rptOwnerCik>
            <rptOwnerName>COVENANT RHA PARTNERS, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
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            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001694778</rptOwnerCik>
            <rptOwnerName>CCW/LAW Holdings, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001694781</rptOwnerCik>
            <rptOwnerName>RHA Investments, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001694574</rptOwnerCik>
            <rptOwnerName>Alpert Robert H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Co-Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001694507</rptOwnerCik>
            <rptOwnerName>Webb C Clark</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE, SUITE 1600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Co-Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2021-11-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>521498</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>521498</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2021-11-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>521498</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2021-11-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>521498</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1172884</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>13167397</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4 is being filed by 210/P10 Acquisition Partners, LLC (&quot;210/P10&quot;), in its capacity as direct holder of shares of Class B Common Stock, 210 Capital, LLC (&quot;210 Capital&quot;), in its capacity as sole member of 210/P10, Covenant RHA Partners, L.P. (&quot;RHA Partners&quot;), in its capacity as member of 210 Capital, CCW/LAW Holdings, LLC (&quot;CCW Holdings&quot;), in its capacity as member of 210 Capital, Mr. Webb, in his capacity as sole member of CCW Holdings, RHA Investments, Inc. (&quot;RHA Investments&quot;), in its capacity as general partner of RHA Partners, and Mr. Alpert, in his capacity as President and sole shareholder of RHA Investments (collectively, the &quot;Reporting Persons&quot;). 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.</footnote>
        <footnote id="F2">Holders of Class B Common Stock may elect to convert such shares on a one-for-one basis into Class A Common Stock at any time. After a Sunset (as defined below) becomes effective, each share of Class B Common Stock will automatically convert into Class A Common Stock.</footnote>
        <footnote id="F3">Continued from Footnote 2: A &quot;Sunset&quot; is triggered by any of the earlier of the following: (i) the Sunset Holders (as defined in the amended and restated certificate of incorporation of the Issuer (the &quot;Charter&quot;)) cease to maintain direct or indirect beneficial ownership of 10% of the outstanding shares of Class A Common Stock (determined assuming all outstanding shares of Class B Common Stock have been converted into Class A Common Stock), (ii) the Sunset Holders collectively cease to maintain direct or indirect beneficial ownership of at least 25% of the aggregate voting power of the outstanding shares of Common Stock, and (iii) upon the tenth anniversary of the effective date of the Charter. On November 18, 2021, each Reporting Person directed the sale of shares of Class B Common Stock, as reported herein, resulting in the automatic conversion of the shares into Class A Common Stock upon execution of the sale.</footnote>
        <footnote id="F4">Represents securities of the Issuer owned directly by 210/P10. By virtue of their relationship with 210/P10 described in Footnote 1, each of 210 Capital, RHA Partners, CCW/Law Holdings, RHA Investments, Mr. Webb and Mr. Alpert may be deemed to beneficially own the securities of the Issuer owned directly by 210/P10.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Amanda Coussens, as Attorney-in-Fact for the Reporting Persons</signatureName>
        <signatureDate>2021-11-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
