# EDGAR Filing Document

**Accession Number:** 0001870549
**File Stem:** 0000950170-25-101565
**Filing Date:** 2025-8
**Character Count:** 51153
**Document Hash:** 3666d165f3ff04eccf3ed333f7158827
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-101565.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0000950170-25-101565

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Xponential Fitness, Inc.
- **CENTRAL INDEX KEY:** 0001802156
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 844395129
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92735
- **FILM NUMBER:** 251177769

**BUSINESS ADDRESS:**
- **STREET 1:** 17877 VON KARMAN AVE
- **STREET 2:** SUITE 100
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614
- **BUSINESS PHONE:** 949.346.3000

**MAIL ADDRESS:**
- **STREET 1:** 17877 VON KARMAN AVE
- **STREET 2:** SUITE 100
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Geisler Anthony
- **CENTRAL INDEX KEY:** 0001870549

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** C/O XPONENTIAL FITNESS, INC.
- **STREET 2:** 17877 VON KARMAN AVE, SUITE 100
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92614

## Ex-10

**Exhibit 10**

**ASSIGNMENT AND ASSUMPTION AGREEMENT**

This ASSIGNMENT AND ASSUMPTION AGREEMENT (this "**Assignment and Assumption**" or "**Agreement**"), dated as of July 30, 2025 is made and entered into by and between Parallaxes Xenon II, LLC, a Delaware limited liability company ("**Purchaser**") and LAG Fit, Inc. ("**Seller**"). Capitalized terms that are used but not defined in this Assignment and Assumption shall have the meanings specified in that certain Tax Receivable Agreement, dated as of July 26, 2021, by and among Xponential Fitness, Inc., a Delaware corporation (the "**Company**") and the other parties thereto (the "**TRA**").

**<u>W I T N E S S E T H</u>** **:**

WHEREAS, on November 15, 2024 (the "**Prior Sale Date**"), pursuant to the Assignment and Assumption Agreement, by and among Parallaxes Xenon, LLC ("**Prior Purchaser**"), Seller and the other parties thereto, dated as of the Prior Sale Date (the "**Prior APA**"), Seller transferred to Prior Purchaser all of Seller's interest in, and rights and obligations under, the TRA with respect to any and all Common Units or other membership interests in OpCo, including any that were the subject of the IPO Contribution and/or IPO Exchange, that Seller had transferred, had redeemed or otherwise exchanged pursuant to an Exchange prior to the Prior Sale Date; and

WHEREAS, Purchaser and Seller desire to transfer all of Seller's interest in, and rights and obligations under, the TRA with respect to any and all Common Units that Seller has transferred, had redeemed or otherwise exchanged pursuant to an Exchange on or after the Prior Sale Date and prior to the Closing Date (the "**Exchanged Units**") to Purchaser through the execution and delivery of this Assignment and Assumption.

NOW, THEREFORE, in consideration of the foregoing, of the mutual representations, warranties, covenants and agreements herein contained and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Conveyance and Acceptance</u>. Pursuant to Section 7.02(b) of the TRA, at the Closing, Seller hereby sells, assigns, transfers and conveys to Purchaser, and Purchaser hereby purchases and accepts, all right, title and interest of Seller in, to and under the TRA with respect to the Exchanged Units, including the right of Seller to receive all payments that are or may become payable to Seller pursuant to the TRA with respect to the Exchanged Units, including any and all Tax Benefit Payments to which Seller would otherwise be entitled under the TRA with respect to the Exchanged Units (collectively, the "**Assigned TRA Rights**"), for the benefit of Purchaser, forever, free and clear of all Liens. Following the Closing, Purchaser shall be (i) the successor to Seller under the TRA with respect to the Assigned TRA Rights and (ii) a "TRA Party" for all purposes under the TRA. For the purposes of this Agreement, "**Lien**" shall mean any lien (statutory or other), pledge, mortgage, deed of trust, hypothecation, assignment, deposit arrangement, adverse claim or interest, encumbrance, other charge or security interest, easement, servitude, pre-emptive right, right of first refusal, transfer restriction, adverse ownership claim or other similar encumbrance or any preference, priority or other agreement or preferential arrangement of any kind or nature whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Assumption of Obligations</u>. At the Closing, Seller hereby assigns, and Purchaser hereby assumes, accepts and agrees to perform, discharge when due and be liable for any and all obligations under the TRA relating to the Assigned TRA Rights arising from and after the Closing, other than any obligations arising due to any breach of or non-compliance by Seller with respect to the TRA (the "**Assumed TRA Obligations**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Purchase Price</u>. As payment in full for the Assigned TRA Rights, at the Closing, Purchaser will (i) assume the Assumed TRA Obligations pursuant to <u>Section 2</u> and (ii) simultaneously with the Closing, pay Seller an aggregate amount equal to four hundred thousand dollars ($400,000) (the "**Purchase Price**"), by wire transfer of immediately available funds to an account (or accounts) as designated by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Closing</u>. The closing (the "**Closing**") of the transactions contemplated by this Assignment and Assumption (the "**Transactions**") shall take place simultaneously with the execution of this Assignment and Assumption on the date of this Assignment and Assumption (the "**Closing Date**") by the electronic exchange of .pdf signature pages. The consummation of the Transactions shall be deemed to occur at 12:01 a.m. on the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Representations and Warranties by Seller</u>. As an inducement to Purchaser to enter into this Assignment and Assumption and to consummate the Transactions, Seller represents, and warrants and covenants to Purchaser as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Ownership of Assigned TRA Rights, Transfer*. Seller is a TRA Party and the lawful holder and owner of its applicable portion of the Assigned TRA Rights, including all right, title and interest to any Tax Benefit Payments or other payments included therein, free and clear of any Lien or other encumbrance. The Assigned TRA Rights include all right, title and interest to any Tax Benefit Payments or other payments under the TRA that such Seller has had at any time with respect to the Exchanged Units. Except pursuant to the Prior APA and this Assignment and Assumption, (i) Seller has not, at any time, sold, transferred, assigned, pledged, conveyed or otherwise disposed of all or any portion of its rights under the TRA, including the Assigned TRA Rights and the Assumed TRA Obligations, and (ii) there are no commitments, options, contracts or other arrangements whatsoever, whether written or oral, under which Seller is or may become obligated to sell, transfer, pledge, assign, convey or otherwise dispose of all or any portion of the Assigned TRA Rights and the Assumed TRA Obligations. The Company has not requested, and Seller has not approved, an assignment or transfer of the TRA by the Company. The information set forth on the schedule (the "**TRA Rights Exhibit**") attached hereto as <u>Exhibit A</u> are true, complete and accurate representations of the Assigned TRA Rights transferred to the Purchaser hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Full Force and Effect; Authorization of the TRA*. To the knowledge of Seller, (i) the TRA attached hereto as <u>Exhibit B</u> is a true, complete and accurate copy of the TRA and includes any joinders or other agreements evidencing the admission of Seller that was not an original TRA Party as a TRA Party, (ii) the TRA has not been amended, modified, supplemented or superseded in any manner (including by other agreements), and (iii) the TRA is in full force and effect. The TRA represents a legally valid and binding obligation of Seller and, to the knowledge of Seller, the Company, enforceable in accordance with its terms against Seller and, to the knowledge of Seller, the Company. Seller has not received any Early Termination Payment or Early Termination Notice under the TRA and, to the knowledge of Seller, no condition exists or event has occurred, which, presently or with the passage of time and/or upon the occurrence of one or more additional events or conditions would reasonably be expected to give rise to the termination of the TRA. Seller has complied with all applicable material provisions of the TRA, and to the knowledge of Seller, the Company has complied with its payment obligations to Seller under the TRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Prior Payments*. Seller has not received any Tax Benefit Payment or other payment under the TRA on or after the Prior Sale Date and prior to the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Schedules*. Attached hereto as <u>Exhibit C</u> are true and complete copies of each Schedule, including all Attribute Schedules, Tax Benefit Schedules, and any Amended Schedules (together, the "**Schedules**") delivered pursuant to the TRA with respect to the Assigned TRA Rights and Assumed TRA Obligations. Except for Amended Schedules that have been provided to the Purchaser as part of the Schedules, no Schedule has been amended, modified, supplemented or superseded in any manner, and Seller has not received notice that any Schedule will be amended, modified, supplemented or superseded in any manner. The Schedules accurately describe the Assigned TRA Rights with respect to the Exchanges described therein and no other person or entity has any interest in the rights described in the Schedules. <u>Exhibit C</u> sets forth a true, complete and accurate list of all Exchanges completed by Seller on or after the Prior Sale Date and prior to the date hereof, including the date of each such Exchange and the number of Common Units acquired by OpCo or the Company pursuant to each such Exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Organization and Authority of Seller*. If Seller is not a natural person, Seller is duly organized and validly existing in good standing under the laws of its state of its formation. Seller has all requisite power and authority to execute and deliver this Assignment and Assumption, perform its obligations hereunder, and to consummate the Transactions. The execution and delivery by Seller of this Assignment and Assumption and the performance by Seller of its obligations hereunder, and the consummation by Seller of the Transactions have been duly authorized by all requisite action on the part of Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) *Due Execution*. This Assignment and Assumption has been duly executed and delivered by Seller, and this Assignment and Assumption constitutes a legal, valid, and binding obligation of Seller enforceable against Seller in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) *No Conflicts*. The execution, delivery, and performance by Seller of this Assignment and Assumption and the Transactions do not and will not: (i) conflict with or result in a violation or breach of, or default under, any provision of any agreement to which Seller is a party or by which Seller is bound, including the TRA upon execution of the Joinder by Purchaser; or (ii) conflict with or result in a violation or breach of any provision of any law, order, writ, judgment, injunction, decree, stipulation, determination, or award entered by or with any governmental authority and applicable to Seller. The Transactions and the execution and delivery of this Assignment and Assumption do not require any consent, permit, approval, order or authorization of or by, registration, declaration, filing with or any other action by, any governmental authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) *Legal Proceedings*. There are no claims, actions, causes of action, demands, lawsuits, arbitrations, inquiries, audits, notices of violation, proceedings, litigations, citations, summons, subpoenas or investigations of any nature, whether civil, criminal, administrative, regulatory or otherwise, whether at law or in equity ("**Actions**") pending or threatened, against or by Seller, or any affiliate of Seller, (A) relating to or affecting the Assigned TRA Rights or Assumed TRA Obligations, or (B) that challenges or seeks to prevent, enjoin, or otherwise delay the Transactions. No event has occurred, or circumstances exist, that may give rise or serve as a basis for any such Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Brokers*. No broker, finder, or investment banker is entitled to any brokerage, finder's or other fee or commission in connection with the Transactions or the based upon arrangements made by or on behalf of Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) *Misrepresentations.* Seller hereby agrees to indemnify Purchaser and hold it harmless against all liabilities, claims, costs or expenses arising out of or resulting from any misrepresentation or breach of any covenant made by Seller in this Agreement or in connection with the Transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Representations and Warranties by Purchaser</u>. As an inducement to Seller to enter into this Assignment and Assumption and to consummate the Transactions, Purchaser represents and warrants to Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Organization and Authority of Purchaser*. Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser has full power and authority to enter into this Assignment and Assumption, to carry out its obligations hereunder, and to consummate the Transactions. The execution and delivery by Purchaser of this Assignment and Assumption, the performance by Purchaser of its obligations hereunder, and the consummation by Purchaser of the Transactions have been duly and validly authorized by all requisite action on the part of Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Due Execution*. This Assignment and Assumption has been duly executed and delivered by Purchaser, and (assuming due authorization, execution and delivery by Seller) this Assignment and Assumption constitutes a legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *No Conflicts*. The execution, delivery and performance by Purchaser of this Assignment and Assumption and the consummation of the Transactions, including delivery of the Joinder (as defined below) as provided in <u>Section 9</u> herein, do not and will not: (i) conflict with or result in a violation or breach of, or default under, any provision of the certificate of formation or the limited liability company agreement of Purchaser or any other agreement to which Purchaser is a party or by which it is bound; or (ii) conflict with or result in a violation or breach of any provision of any law or order, writ, judgment, injunction, decree, stipulation, determination, or award entered by or with any governmental authority and applicable to Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Legal Proceedings*. There are no Actions pending or threatened against or by Purchaser or any Affiliate of Purchaser that challenge or seek to prevent, enjoin or otherwise delay the Transactions. No event has occurred, or circumstances exist, that may give rise or serve as a basis for any such Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Brokers*. No broker, finder or investment banker is entitled to any brokerage, finder's or other fee or commission in connection with the Transactions or the based upon arrangements made by or on behalf of Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Further Assurances</u>. Seller hereby covenants with Purchaser and its successors and permitted assigns that Seller, without further consideration, will take such further actions (including the execution and delivery of such other reasonable instruments of sale, transfer, conveyance, assignment, assumption and confirmation and providing materials and information) as shall be reasonably required to sell, assign, transfer and convey to Purchaser all of Seller's right, title and interest in the Assigned TRA Rights, and Purchaser hereby covenants with Seller and its successors and permitted assigns that Purchaser, without further consideration, will take such further actions (including the execution and delivery of such other reasonable instruments of transfer, conveyance, assumption and confirmation and providing materials and information) as shall be necessary to assume and accept the Assumed TRA Obligations arising from and after the delivery of this Assignment and Assumption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Joinder</u>. In connection with the Closing, Purchaser has delivered, or shall deliver, to the Company executed counterparts to a joinder agreement (the "**Joinder**") to the TRA in accordance with Section 7.02(b) of the TRA, and Seller will request that the Company shall acknowledge the Joinder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Governing Law; Waiver of Trial by Jury</u>. This Assignment and Assumption shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware without reference to its internal conflict of laws principles. EACH OF THE PARTIES UNCONDITIONALLY AND IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN NEW CASTLE COUNTY IN THE STATE OF DELAWARE FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS ASSIGNMENT AND ASSUMPTION, ANY RELATED AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO FURTHER AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY U.S. REGISTERED MAIL TO SUCH PARTY'S RESPECTIVE ADDRESS SET FORTH IN <u>SECTION 13</u> SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY ACTION, SUIT OR PROCEEDING IN THE STATE OF DELAWARE WITH RESPECT TO ANY MATTERS TO WHICH IT HAS SUBMITTED TO JURISDICTION IN THIS <u>SECTION 9</u>. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS ASSIGNMENT AND ASSUMPTION, ANY RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY IN THE COURTS REFERRED TO IN THE FIRST SENTENCE OF THIS <u>SECTION 9</u>, AND HEREBY AND THEREBY FURTHER IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH OF THE PARTIES AGREES THAT A FINAL, NON-APPEALABLE JUDGMENT IN ANY SUIT, ACTION OR OTHER PROCEEDING IN THE COURTS REFERRED TO IN THE FIRST SENTENCE OF THIS <u>SECTION 9</u> SHALL BE CONCLUSIVE AND MAY BE ENFORCED BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW IN ANY APPLICABLE JURISDICTION. EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS ASSIGNMENT AND ASSUMPTION IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS ASSIGNMENT AND ASSUMPTION OR ANY OF THE TRANSACTIONS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Prevailing Party</u>. In the event that any suit or Action is instituted under or in relation to this Assignment and Assumption, including without limitation to enforce any provision in this Assignment and Assumption, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Assignment and Assumption, including without limitation, such reasonable fees and expenses of attorneys (including any in-house attorneys) and accountants, which shall include, without limitation, all fees, costs and expenses of appeals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Amendment</u>. Neither this Assignment and Assumption nor any of its terms or provisions may be amended, modified, waived, discharged or terminated, except by a written instrument signed by the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>References, Pronouns and Headings</u>. Except as otherwise specifically indicated, all references to Section or Subsection numbers refer to Sections and Subsections of this Assignment and Assumption and all references to Exhibits refer to the Exhibits attached hereto. The words "hereby," "hereof," "herein," "hereto," "hereunder," and words of similar import refer to this Assignment and Assumption as a whole and not to any particular Section or Subsection hereof. The word "hereafter" shall mean after, and the term "heretofore" shall mean before, the date of this Assignment and Assumption. The word "or" means "and/or" and the words "include" and "including" shall not be construed as terms of limitation. As used herein, all pronouns shall include the masculine, feminine, neuter, singular and plural thereof wherever the context and facts require such construction. The headings, titles and subtitles herein are inserted for convenience of reference only and are to be ignored in any construction of the provisions hereof. All references to "$" and dollars will be deemed to refer to United States of America currency unless otherwise specifically provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Notices</u>. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be deemed duly given and received (i) (x) if delivered personally, on the date of delivery or (y) if delivered by e-mail, upon confirmation of transmission by the recipient, in each case, if sent on a Business Day (or otherwise on the next Business Day) or (ii) if delivered by a recognized next-day courier service, on the first Business Day following the date of dispatch. All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice:

If to Seller, to address set forth opposite Seller's name on the signature pages hereto.

If to Purchaser, to:

Parallaxes Xenon II, LLC<br> c/o Parallaxes Capital Management, LLC<br> 250 Park Avenue Floor 7<br> New York, NY 10177<br> Attention: Andrew Lee<br> E-mail: andy@plxcap.com

Any party hereto may change its address for receiving notices, requests, and other documents by giving written notice of such change to the other parties hereto in accordance with the notice provisions of this Assignment and Assumption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Assignment</u>. This Assignment and Assumption shall be binding upon, inure to the benefit of and be enforceable by the parties hereto, and their respective successors and permitted assigns. Notwithstanding the foregoing, Seller may not assign any of its rights or obligations under this Assignment and Assumption without the prior written consent of Purchaser; *provided, however*, that Purchaser may make such an assignment, in whole or in part, without consent of any party to (a) any of its affiliates, including any subsidiary, or equity holders or (b) a successor to all or a material portion of its assets or business, whether in a merger, sale of stock, sale of assets or other transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>No Third Party Beneficiaries</u>. Except as set forth in the last sentence of this <u>Section 15</u>, nothing in this Assignment and Assumption, express or implied, is intended to confer upon any person or entity other than the parties hereto any rights or remedies of any nature whatsoever under or by reason of this Assignment and Assumption or any provision of this Assignment and Assumption. This Assignment and Assumption and all of its provisions and conditions are for the sole and exclusive benefit of the parties to this Assignment and Assumption and their respective successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Severability</u>. If any provision of this Assignment and Assumption or the application of any such provision to any person or circumstance is held by a court of competent jurisdiction to be invalid, illegal or unenforceable, such provision shall be severed and enforced to the extent possible or modified in such a way as to make it enforceable, and the invalidity, illegality or unenforceability thereof shall not affect the validity, legality or enforceability of the remaining provisions of this Assignment and Assumption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>Counterparts</u>. This Assignment and Assumption may be executed in multiple counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each party and delivered to the other party. The exchange of a fully executed Assignment and Assumption (in counterparts or otherwise) by facsimile or by electronic delivery in *.pdf* format shall be sufficient to bind the parties to the terms and conditions of this Assignment and Assumption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. <u>Confidentiality and Public Announcements</u>. Seller shall not make any publicity releases, interviews or other disclosure or dissemination of any information concerning this Assignment and Assumption, or any party's performance hereunder, to any person or entity without the prior written approval of Purchaser; *provided*, *however*, that this provision shall not prevent disclosure (a) as required by applicable law or (b) to any party's affiliates, financial advisors, legal advisors, lenders, and current or prospective investors who are bound by similar terms of confidentiality or a professional duty of confidentiality; *and provided, further*, that any such disclosure complies with the applicable confidentiality obligations under the TRA. If public disclosure by Seller is required by applicable law, Seller hereto hereby agrees that to the extent permitted under applicable law it shall provide the Purchaser with at least two business days' opportunity to review and comment on such disclosure, including any description of this Assignment and Assumption made by such party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. <u>Payments Over</u>. Any payments related to the Assigned TRA Rights, other than the Purchase Price, including any and all Tax Benefit Payments with respect to the Exchanged Units, received by Seller or any of its affiliates on or after the Closing Date, shall be segregated and held in trust for the benefit of, and immediately paid over to, Purchaser in the same form as received, with any necessary endorsements. From and after the Closing Date, any Schedules, notices or other information provided by the Company to Seller or its affiliates pursuant to the TRA relating to the Exchanged Units shall be promptly shared with Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. <u>Expenses</u>. Except as otherwise expressly provided herein, all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or not the Closing shall have occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. <u>Entire Agreement</u>. This Assignment and Assumption, including the exhibits and other documents referred to herein which form a part hereof, contains the full agreement between the parties hereto on its subject matters, and supersedes and renders null and void all prior agreements or understandings, whether written or oral, which exist or may have existed between the parties with respect to its subject matters.

[*Signature Pages Follow*]

IN WITNESS WHEREOF, the parties hereto have executed this Assignment and Assumption as of the date first written above.

---

| | | |
|:---|:---|:---|
| **<u>PURCHASER</u>** | **<u>PURCHASER</u>** | **<u>PURCHASER</u>** |
| **PARALLAXES XENON II, LLC** | **PARALLAXES XENON II, LLC** | **PARALLAXES XENON II, LLC** |
| By: | /s/ Andrew Lee | /s/ Andrew Lee |
|  | Name: | Andrew Lee |
|  | Title: | Authorized Person |

---

IN WITNESS WHEREOF, the parties hereto have executed this Assignment and Assumption as of the date first written above.

---

| | | |
|:---|:---|:---|
| **<u>SELLER</u>** | **<u>SELLER</u>** | **<u>Notice Address</u>** |
| **LAG Fit, Inc.** | **LAG Fit, Inc.** |  |
| By: | /s/ Anthony Geisler |  |
|  | Name: Anthony Geisler |  |
|  | Title: Chief Executive Officer |  |

---

## Ex-11

**Exhibit 11**

**JOINDER AGREEMENT**

This JOINDER AGREEMENT (this "Joinder") to the Tax Receivable Agreement (as defined below), dated as of July 30, 2025, by and among Xponential Fitness, Inc., a Delaware corporation (the "Corporate Taxpayer"), and Parallaxes Xenon II, LLC ("Permitted Transferee").

WHEREAS, on November 15, 2024 (the "Prior Sale Date"), pursuant to the Assignment and Assumption Agreement, by and among Parallaxes Xenon, LLC, LAG Fit, Inc. ("Transferor") and the other parties thereto, dated as of the Prior Sale Date (the "Prior APA"), Transferor transferred to Permitted Transferee all of Transferor's interest in, and rights and obligations under, the TRA with respect to any and all Common Units or other membership interests in OpCo, including any that were the subject of the IPO Contribution and/or IPO Exchange, that Transferor had transferred, had redeemed or otherwise exchanged pursuant to an Exchange prior to the Prior Sale Date; and

WHEREAS, on the date hereof (the "Effective Date"), Permitted Transferee shall acquire (the "Acquisition") from Transferor the right to receive any and all payments that may become due and payable under the Tax Receivable Agreement with respect to all Common Units or other membership interests in OpCo that Transferor has transferred, had redeemed or otherwise exchanged pursuant to an Exchange on or after the Prior Sale Date and prior to the Effective Date (the "Transferred Interests") to Permitted Transferee; and

WHEREAS, the parties hereto agree that this Joinder complies with the requirements of Section 7.02(b) of the Tax Receivable Agreement, dated as of July 26, 2021, by and among the Corporate Taxpayer and each TRA Party (the "Tax Receivable Agreement").

NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally bound hereby, the parties hereto agree as follows:

Section 1.01 Definitions. To the extent capitalized words used in this Joinder are not defined in this Joinder, such words shall have the respective meanings set forth in the Tax Receivable Agreement.

Section 1.02 Acknowledgement. The Corporate Taxpayer hereby acknowledges and agrees that, prior to the Acquisition, Transferor was a TRA Party and a holder of the right to receive any and all payments that may have become due and payable under the Tax Receivable Agreement with respect to the Common Units or other membership interests in OpCo held or previously held by Transferor.

Section 1.03 Joinder. Permitted Transferee hereby acknowledges and agrees to become a TRA Party for all purposes of the Tax Receivable Agreement. Permitted Transferee hereby acknowledges the terms of Section 7.02(b) of the Tax Receivable Agreement and agrees to be bound by Section 7.12 of the Tax Receivable Agreement. The Corporate Taxpayer hereby acknowledges and consents to the Acquisition and agrees that Permitted Transferee shall be a TRA Party following the Acquisition and shall be entitled to all rights and privileges of a TRA Party and in respect of the Transferred Interests, including the right to receive any and all Tax Benefit Payments, and all other payments, payable in respect of the Transferred Interests.

Section 1.04 Notice. Any notice, request, consent, claim, demand, approval, waiver or other communication hereunder to Permitted Transferee shall be delivered or sent to Permitted Transferee at the address set forth on the signature page hereto in accordance with Section 7.01 of the Tax Receivable Agreement. The Corporate Taxpayer is hereby notified and directed to ensure that all future Tax Benefit Payments, and all other payments, that would otherwise be transmitted to Transferor in respect of the Transferred Interests, shall be made to the bank account of Permitted Transferee set forth on Schedule A hereto or such other account that the Permitted Transferee shall provide to the Corporate Taxpayer in writing.

Section 1.05 Governing Law. This Joinder shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of such State that would result in the application of the laws of any other State.

IN WITNESS WHEREOF, this Joinder has been duly executed and delivered by Permitted Transferee as of the date first above written.

[*Signature Pages Follow*]

IN WITNESS WHEREOF, this Joinder has been duly executed and delivered by Permitted Transferee as of the date first above written.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**PARALLAXES XENON II, LLC** | &nbsp;&nbsp;**PARALLAXES XENON II, LLC** | &nbsp;&nbsp;**PARALLAXES XENON II, LLC** |
| &nbsp;&nbsp;By: | /s/ Andrew Lee | /s/ Andrew Lee |
|  | Name: | &nbsp;&nbsp;Andrew Lee |
|  | Title: | &nbsp;&nbsp;Authorized Person |
|  | Address for notices: | Address for notices: |
|  | Parallaxes Xenon II, LLC | Parallaxes Xenon II, LLC |
|  | c/o Parallaxes Capital | c/o Parallaxes Capital |
|  | Management, LLC | Management, LLC |
|  | 250 Park Avenue Floor 7 | 250 Park Avenue Floor 7 |
|  | New York, NY 10177 | New York, NY 10177 |
|  | Attn: Andrew Lee | Attn: Andrew Lee |
|  | E-mail: andy@plxcap.com | E-mail: andy@plxcap.com |

---

Acknowledged and agreed

as of the date first set forth above:

**XPONENTIAL FITNESS, INC.**

---

| | |
|:---|:---|
| By: | /s/ John Meloun |
| Name: John Meloun | Name: John Meloun |
| Title: CFO | Title: CFO |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 5)**

**Xponential Fitness, Inc.**

*(Name of Issuer)*

**Class A Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**98422X101**

*(CUSIP Number)*

**Anthony Geisler**<br>6789 Quail Hill Parkway #408<br>Irvine CA 92603<br>(949) 346-9793

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**07/30/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **98422X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**The Anthony Geisler Trust U/A Dated 05/17/2011** | Name of reporting person<br>**The Anthony Geisler Trust U/A Dated 05/17/2011** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**294204.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**294204.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**294204.00** | Aggregate amount beneficially owned by each reporting person<br>**294204.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[x] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[x] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.8%** | Percent of class represented by amount in Row (11)<br>**0.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Row (13) consists of 294,204 shares of Class A Common Stock. The aggregate percentage of shares of Class A Common Stock reported was calculated based on 34,926,000 shares of Class A Common Stock issued and outstanding as of April 30, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the period ended March 31, 2025, filed with the U.S. Securities and Exchange Commission on May 9, 2025.

| **CUSIP No.** | **98422X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**LAG Fit, Inc.** | Name of reporting person<br>**LAG Fit, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7513208.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7513208.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7513208.00** | Aggregate amount beneficially owned by each reporting person<br>**7513208.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**17.7%** | Percent of class represented by amount in Row (11)<br>**17.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Rows (8), (10), (11) and (13) consist of (i) 83,330 shares of Class A Common Stock and (ii) 7,429,878 shares of Class B Common Stock. The aggregate percentage of shares of Class A Common Stock reported was calculated based on 34,926,000 shares of Class A Common Stock issued and outstanding as of April 30, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the period ended March 31, 2025, filed with the U.S. Securities and Exchange Commission on May 9, 2025.

| **CUSIP No.** | **98422X101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Anthony Geisler** | Name of reporting person<br>**Anthony Geisler** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**8059475.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**8059475.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**8059475.00** | Aggregate amount beneficially owned by each reporting person<br>**8059475.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**19%** | Percent of class represented by amount in Row (11)<br>**19%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Rows (8), (10), (11) and (13) consist of (i) 252,063 shares of Class A Common Stock held directly by Anthony Geisler, (ii) 294,204 shares of Class A Common Stock held directly by the Anthony Geisler Trust U/A Dated 05/17/2011, (iii) 83,330 shares of Class A Common Stock held by LAG Fit, Inc. and (iv) 7,429,878 shares of Class B Common Stock held by LAG Fit, Inc. The aggregate percentage of shares of Class A Common Stock reported was calculated based on 34,926,000 shares of Class A Common Stock issued and outstanding as of April 30, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the period ended March 31, 2025, filed with the U.S. Securities and Exchange Commission on May 9, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Xponential Fitness, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
17877 Von Karman Ave., Suite 100, Irvine, CA, 92614

EXPLANATORY STATEMENT
The following constitutes Amendment No. 5 ("Amendment No. 5") to the initial statement on Schedule 13D, filed on August 5, 2021 (as amended, the "Schedule 13D") by the undersigned, as amended by the Amendment No. 1 thereto, filed on August 31, 2021, the Amendment No. 2 thereto, filed on February 22, 2023, the Amendment No. 3 thereto, filed on June 18, 2024, and the Amendment No. 4 thereto, filed on November 19, 2024. This Amendment No. 5 amends the Schedule 13D as specifically set forth herein. Capitalized terms used in this Amendment No. 5 and not otherwise defined herein have the meanings given to them in the Schedule 13D.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Schedule 13D is hereby amended to add the following language:

As previously disclosed in the Schedule 13D filed by the Reporting Persons on August 5, 2021, and in Amendment No. 4 on November 19, 2024, the Reporting Persons are parties to a Tax Receivable Agreement (the "Tax Receivable Agreement"), which provides for, among other things, payment by the Issuer of 85% of the U.S. federal, state and local income tax or franchise tax savings realized by the Issuer as a result of (i) certain favorable tax attributes Issuer will acquire from certain mergers effected in connection with the Reorganization (including net operating losses and the disappearing entities' allocable share of existing tax basis), (ii) increases in the Issuer's allocable share of existing tax basis and tax basis adjustments that may result from (x) certain contributions and certain redemptions, each effected in connection with the Reorganization, (y) future taxable redemptions and exchanges of LLC Units by members of Xponential Holdings (other than the Issuer) and (z) certain payments made under the Tax Receivable Agreement, and (iii) deductions in respect of interest under the Tax Receivable Agreement.

Assignment and Assumption Agreement

As contemplated by the Tax Receivable Agreement, a party to the Tax Receivable Agreement may assign any of its rights under the agreement to any person as long as such transferee has executed and delivered a joinder to the Tax Receivable Agreement, agreeing to become a party to such agreement. On July 30, 2025, the Reporting Persons (the "Sellers") entered into an Assignment and Assumption Agreement (the "Assignment and Assumption Agreement") with the Parallaxes Xenon II, LLC (the "Purchaser"), pursuant to which the Sellers agreed to assign to the Purchaser their interests in, and rights and obligations under, the Tax Receivable Agreement with respect to any and all Common Units or other membership interests in OpCo that were subject to an Exchange prior to the effective date of the Assignment and Assumption Agreement (as such terms are defined in the Tax Receivable Agreement and collectively referred to as the "Transferred Interests"). The above summary is qualified by reference to the complete text of the Assignment and Assumption Agreement, a copy of which is attached as Exhibit 10 hereto.

Joinder Agreement

On July 30, 2025, the Issuer and Purchaser entered into a Joinder Agreement (the "Joinder Agreement") to the Tax Receivable Agreement, pursuant to which the Purchaser acquired from the Sellers the right to receive the Transferred Interests.  The above summary is qualified by reference to the complete text of the Joinder Agreement, a copy of which is attached as Exhibit 11 hereto.

### SIGNATURE

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.

**Reporting Person:** The Anthony Geisler Trust U/A Dated 05/17/2011

**Signature:** /s/ Anthony Geisler

**Name/Title:** Trustee

**Date:** 08/01/2025

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.

**Reporting Person:** LAG Fit, Inc.

**Signature:** /s/ Anthony Geisler

**Name/Title:** President

**Date:** 08/01/2025

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.

**Reporting Person:** Anthony Geisler

**Signature:** /s/ Anthony Geisler

**Name/Title:** Anthony Geisler

**Date:** 08/01/2025