# EDGAR Filing Document

**Accession Number:** 0001802156
**File Stem:** 0001104659-25-091239
**Filing Date:** 2025-9
**Character Count:** 37993
**Document Hash:** df948901c94e36a9a2ec20505828b178
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-091239.hdr.sgml**: 20250918

**ACCESSION NUMBER**: 0001104659-25-091239

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

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250918

**DATE AS OF CHANGE**: 20250918

**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 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92735
- **FILM NUMBER:** 251323484

**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:** D. E. SHAW & CO, L.P.
- **CENTRAL INDEX KEY:** 0001009268

**ORGANIZATION NAME:**
- **EIN:** 133695715
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** TWO MANHATTAN WEST
- **STREET 2:** 375 NINTH AVENUE, 52ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-478-0000

**MAIL ADDRESS:**
- **STREET 1:** TWO MANHATTAN WEST
- **STREET 2:** 375 NINTH AVENUE, 52ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHAW D E & CO L P /NY/
- **DATE OF NAME CHANGE:** 19990421

## Exhibit 24.1

**<u>Exhibit 1</u>**

POWER OF ATTORNEY

FOR CERTAIN REGULATORY FILINGS

INCLUDING CERTAIN FILINGS

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AND THE INVESTMENT ADVISERS ACT OF 1940

I, David E. Shaw, hereby make, constitute, and appoint each of

Adam Deaton,

Anne Dinning,

Edward Fishman,

Alexis Halaby,

Edwin Jager,

Martin Lebwohl,

Daniel Marcus,

Anoop Prasad,

Maximilian Stone, and

David Sweet,

acting individually in such person's capacity as an employee of D. E. Shaw & Co., L.P. or one of its subsidiaries, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, (i) executing in my name, in my capacity as President of D. E. Shaw & Co., Inc. (acting for itself or as the general partner of D. E. Shaw & Co., L.P. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities), all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, "documents") determined by such person to be necessary or appropriate to comply with any registration or regulatory disclosure requirements and/or ownership or control-person reporting requirements imposed by any U.S. or non-U.S. governmental or regulatory authority, including without limitation Form ADV, Forms 3, 4, 5, and 13F, and Schedules 13D and 13G required to be filed with the U.S. Securities and Exchange Commission, and/or (ii) delivering, furnishing, or filing, in each case whether themself or through their designee, any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person's execution of, and/or their (or their designee's) delivery, furnishing, and/or filing of, the applicable document.

This power of attorney shall be valid as of the date set forth below and replaces the power granted on March 1, 2017, which is hereby cancelled. Furthermore, this power of attorney shall be valid with respect to any particular individual set forth above only for so long as such person remains employed by D. E. Shaw & Co., L.P. or one of its subsidiaries.

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

Date: August 1, 2024

/s/ David E. Shaw

David E. Shaw,

as President of D. E. Shaw & Co., Inc.

## Exhibit 24.2

**<u>Exhibit 2</u>**

POWER OF ATTORNEY

FOR CERTAIN REGULATORY FILINGS

INCLUDING CERTAIN FILINGS

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AND THE INVESTMENT ADVISERS ACT OF 1940

I, David E. Shaw, hereby make, constitute, and appoint each of

Adam Deaton,

Anne Dinning,

Edward Fishman,

Alexis Halaby,

Edwin Jager,

Martin Lebwohl,

Daniel Marcus,

Anoop Prasad,

Maximilian Stone, and

David Sweet,

acting individually in such person's capacity as an employee of D. E. Shaw & Co., L.P. or one of its subsidiaries, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, (i) executing in my name, in my capacity as President of D. E. Shaw & Co. II, Inc. (acting for itself or as the managing member of D. E. Shaw & Co., L.L.C. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities), all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, "documents") determined by such person to be necessary or appropriate to comply with any registration or regulatory disclosure requirements and/or ownership or control-person reporting requirements imposed by any U.S. or non-U.S. governmental or regulatory authority, including without limitation Form ADV, Forms 3, 4, 5, and 13F, and Schedules 13D and 13G required to be filed with the U.S. Securities and Exchange Commission, and/or (ii) delivering, furnishing, or filing, in each case whether themself or through their designee, any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person's execution of, and/or their (or their designee's) delivery, furnishing, and/or filing of, the applicable document.

This power of attorney shall be valid as of the date set forth below and replaces the power granted on March 1, 2017, which is hereby cancelled. Furthermore, this power of attorney shall be valid with respect to any particular individual set forth above only for so long as such person remains employed by D. E. Shaw & Co., L.P. or one of its subsidiaries.

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

Date: August 1, 2024

/s/ David E. Shaw

David E. Shaw,

as President of D. E. Shaw & Co. II, Inc.

## Exhibit 99.1

**<u>Exhibit 3</u>**

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned Reporting Persons hereby agrees to the joint filing, along with all other such Reporting Persons, on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A Common Stock, par value $0.0001 per share, of Xponential Fitness, Inc., and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of this 18th day of September, 2025.

---

| | |
|:---|:---|
| D. E. Shaw & Co., L.P. | D. E. Shaw & Co., L.P. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Chief Compliance Officer |

---

---

| | |
|:---|:---|
| D. E. Shaw & Co., L.L.C. | D. E. Shaw & Co., L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Authorized Signatory |

---

---

| | |
|:---|:---|
| D. E. Shaw Adviser II, L.L.C. | D. E. Shaw Adviser II, L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Chief Compliance Officer |

---

---

| | |
|:---|:---|
| D. E. Shaw Manager II, L.L.C. | D. E. Shaw Manager II, L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Authorized Signatory |

---

---

| | |
|:---|:---|
| D. E. Shaw Galvanic Portfolios, L.L.C. | D. E. Shaw Galvanic Portfolios, L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Authorized Signatory |

---

---

| | |
|:---|:---|
| D. E. Shaw Adviser, L.L.C. | D. E. Shaw Adviser, L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Chief Compliance Officer |

---

---

| | |
|:---|:---|
| D. E. Shaw Manager, L.L.C. | D. E. Shaw Manager, L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Authorized Signatory |

---

---

| | |
|:---|:---|
| DESALKIV Portfolios, L.L.C. | DESALKIV Portfolios, L.L.C. |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Authorized Signatory |

---

---

| | |
|:---|:---|
| David E. Shaw | David E. Shaw |
| By: | <u>/s/ Daniel R. Marcus</u> |
|  | Daniel R. Marcus |
|  | Attorney-in-Fact for David E. Shaw |

---

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

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 6)**

**Issuer:** Xponential Fitness, Inc.

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

**CUSIP Number:** 98422X101

**Date of Event Which Requires Filing of this Statement:** 09/11/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>D. E. Shaw & Co., L.P. | Names of Reporting Persons<br>D. E. Shaw & Co., L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3276973.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3276973.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>IA, PN | Type of Reporting Person (See Instructions)<br>IA, PN |

**Comment for Type of Reporting Person:** This percentage figure is based upon 36,908,960 shares of Class A Common Stock outstanding, composed of: (i) 35,097,000 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 8, 2025, and (ii) 1,811,960 shares of Class A Common Stock issuable upon conversion of convertible preferred securities.

---

| 1. | Names of Reporting Persons<br>D. E. Shaw & Co., L.L.C. | Names of Reporting Persons<br>D. E. Shaw & Co., L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3276973.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3276973.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** This percentage figure is based upon 36,908,960 shares of Class A Common Stock outstanding, composed of: (i) 35,097,000 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 8, 2025, and (ii) 1,811,960 shares of Class A Common Stock issuable upon conversion of convertible preferred securities.

---

| 1. | Names of Reporting Persons<br>D. E. Shaw Adviser II, L.L.C. | Names of Reporting Persons<br>D. E. Shaw Adviser II, L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3276973.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3276973.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** This percentage figure is based upon 36,908,960 shares of Class A Common Stock outstanding, composed of: (i) 35,097,000 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 8, 2025, and (ii) 1,811,960 shares of Class A Common Stock issuable upon conversion of convertible preferred securities.

---

| 1. | Names of Reporting Persons<br>D. E. Shaw Manager II, L.L.C. | Names of Reporting Persons<br>D. E. Shaw Manager II, L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3276973.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3276973.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** This percentage figure is based upon 36,908,960 shares of Class A Common Stock outstanding, composed of: (i) 35,097,000 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 8, 2025, and (ii) 1,811,960 shares of Class A Common Stock issuable upon conversion of convertible preferred securities.

---

| 1. | Names of Reporting Persons<br>D. E. Shaw Galvanic Portfolios, L.L.C. | Names of Reporting Persons<br>D. E. Shaw Galvanic Portfolios, L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3276973.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3276973.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** This percentage figure is based upon 36,908,960 shares of Class A Common Stock outstanding, composed of: (i) 35,097,000 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 8, 2025, and (ii) 1,811,960 shares of Class A Common Stock issuable upon conversion of convertible preferred securities.

---

| 1. | Names of Reporting Persons<br>D. E. Shaw Adviser, L.L.C. | Names of Reporting Persons<br>D. E. Shaw Adviser, L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>0.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>0.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0% | Percent of Class Represented by Amount in Row (9)<br>0% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** Subsequent to our most recent filing for this Issuer dated February 14, 2025, D. E. Shaw Adviser, L.L.C., D. E. Shaw Manager, L.L.C., and DESALKIV Portfolios, L.L.C. ceased to be the beneficial owners of more than five percent of the class of securities. Accordingly, Item 5 has been checked in respect of these reporting persons.

---

| 1. | Names of Reporting Persons<br>D. E. Shaw Manager, L.L.C. | Names of Reporting Persons<br>D. E. Shaw Manager, L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>0.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>0.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0% | Percent of Class Represented by Amount in Row (9)<br>0% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Subsequent to our most recent filing for this Issuer dated February 14, 2025, D. E. Shaw Adviser, L.L.C., D. E. Shaw Manager, L.L.C., and DESALKIV Portfolios, L.L.C. ceased to be the beneficial owners of more than five percent of the class of securities. Accordingly, Item 5 has been checked in respect of these reporting persons.

---

| 1. | Names of Reporting Persons<br>DESALKIV Portfolios, L.L.C. | Names of Reporting Persons<br>DESALKIV Portfolios, L.L.C. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>0.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>0.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>0% | Percent of Class Represented by Amount in Row (9)<br>0% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Subsequent to our most recent filing for this Issuer dated February 14, 2025, D. E. Shaw Adviser, L.L.C., D. E. Shaw Manager, L.L.C., and DESALKIV Portfolios, L.L.C. ceased to be the beneficial owners of more than five percent of the class of securities. Accordingly, Item 5 has been checked in respect of these reporting persons.

---

| 1. | Names of Reporting Persons<br>David E. Shaw | Names of Reporting Persons<br>David E. Shaw |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>3276973.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>3276973.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3276973.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.9% | Percent of Class Represented by Amount in Row (9)<br>8.9% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** This percentage figure is based upon 36,908,960 shares of Class A Common Stock outstanding, composed of: (i) 35,097,000 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on August 8, 2025, and (ii) 1,811,960 shares of Class A Common Stock issuable upon conversion of convertible preferred securities.

---

**Item 1(a). Name of Issuer:**
Xponential Fitness, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
17877 Von Karman Ave., Suite 100, Irvine, CA 92614

**Item 2(a). Name of Person Filing:**
D. E. Shaw & Co., L.P.
D. E. Shaw & Co., L.L.C.
D. E. Shaw Adviser II, L.L.C.
D. E. Shaw Manager II, L.L.C.
D. E. Shaw Galvanic Portfolios, L.L.C.
D. E. Shaw Adviser, L.L.C.
D. E. Shaw Manager, L.L.C.
DESALKIV Portfolios, L.L.C.
David E. Shaw

**Item 2(b). Address of Principal Business Office:**
The business address for each reporting person is:
Two Manhattan West
375 Ninth Avenue, 52nd Floor
New York, NY 10001

**Item 2(c). Citizenship:**
D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.
D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware.
D. E. Shaw Adviser II, L.L.C. is a limited liability company organized under the laws of the state of Delaware.
D. E. Shaw Manager II, L.L.C. is a limited liability company organized under the laws of the state of Delaware.
D. E. Shaw Galvanic Portfolios, L.L.C. is a limited liability company organized under the laws of the state of Delaware.
D. E. Shaw Adviser, L.L.C. is a limited liability company organized under the laws of the state of Delaware.
D. E. Shaw Manager, L.L.C. is a limited liability company organized under the laws of the state of Delaware.
DESALKIV Portfolios, L.L.C. is a limited liability company organized under the laws of the state of Delaware.
David E. Shaw is a citizen of the United States of America.

**Item 2(d). Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**Item 2(e). CUSIP Number:**
98422X101

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

D. E. Shaw & Co., L.P.: 3,276,973 shares
This is composed of (i) 1,811,960 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire through convertible preferred securities and (ii) 1,465,013 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C.
D. E. Shaw & Co., L.L.C.: 3,276,973 shares
This is composed of (i) 1,811,960 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire through convertible preferred securities and (ii) 1,465,013 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C.
D. E. Shaw Adviser II, L.L.C.: 3,276,973 shares
This is composed of (i) 1,811,960 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire through convertible preferred securities and (ii) 1,465,013 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C.
D. E. Shaw Manager II, L.L.C.: 3,276,973 shares
This is composed of (i) 1,811,960 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire through convertible preferred securities and (ii) 1,465,013 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C.
D. E. Shaw Galvanic Portfolios, L.L.C.: 3,276,973 shares
This is composed of (i) 1,811,960 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire through convertible preferred securities and (ii) 1,465,013 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C.
D. E. Shaw Adviser, L.L.C.: 0 shares
D. E. Shaw Manager, L.L.C.: 0 shares
DESALKIV Portfolios, L.L.C.: 0 shares
David E. Shaw: 3,276,973 shares
This is composed of (i) 1,811,960 shares that D. E. Shaw Galvanic Portfolios, L.L.C. has the right to acquire through convertible preferred securities and (ii) 1,465,013 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C.
David E. Shaw does not own any shares directly. By virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the managing member of D. E. Shaw Adviser II, L.L.C., which in turn is the investment adviser of D. E. Shaw Galvanic Portfolios, L.L.C., and by virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the managing member of D. E. Shaw Manager II, L.L.C., which in turn is the manager of D. E. Shaw Galvanic Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of, and the shared power to dispose or direct the disposition of, the 3,276,973 shares as described above constituting 8.9% of the outstanding shares and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 3,276,973 shares.

**(b) Percent of class:**

D. E. Shaw & Co., L.P.: 8.9%
D. E. Shaw & Co., L.L.C.: 8.9%
D. E. Shaw Adviser II, L.L.C.: 8.9%
D. E. Shaw Manager II, L.L.C.: 8.9%
D. E. Shaw Galvanic Portfolios, L.L.C.: 8.9%
D. E. Shaw Adviser, L.L.C.: 0%
D. E. Shaw Manager, L.L.C.: 0%
DESALKIV Portfolios, L.L.C.: 0%
David E. Shaw: 8.9%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

D. E. Shaw & Co., L.P.: 0 shares
D. E. Shaw & Co., L.L.C.: 0 shares
D. E. Shaw Adviser II, L.L.C.: 0 shares
D. E. Shaw Manager II, L.L.C.: 0 shares
D. E. Shaw Galvanic Portfolios, L.L.C.: 0 shares
D. E. Shaw Adviser, L.L.C.: 0 shares
D. E. Shaw Manager, L.L.C.: 0 shares
DESALKIV Portfolios, L.L.C.: 0 shares
David E. Shaw: 0 shares

**(ii) Shared power to vote or to direct the vote:**

D. E. Shaw & Co., L.P.: 3,276,973 shares
D. E. Shaw & Co., L.L.C.: 3,276,973 shares
D. E. Shaw Adviser II, L.L.C.: 3,276,973 shares
D. E. Shaw Manager II, L.L.C.: 3,276,973 shares
D. E. Shaw Galvanic Portfolios, L.L.C.: 3,276,973 shares
D. E. Shaw Adviser, L.L.C.: 0 shares
D. E. Shaw Manager, L.L.C.: 0 shares
DESALKIV Portfolios, L.L.C.: 0 shares
David E. Shaw: 3,276,973 shares

**(iii) Sole power to dispose or to direct the disposition of:**

D. E. Shaw & Co., L.P.: 0 shares
D. E. Shaw & Co., L.L.C.: 0 shares
D. E. Shaw Adviser II, L.L.C.: 0 shares
D. E. Shaw Manager II, L.L.C.: 0 shares
D. E. Shaw Galvanic Portfolios, L.L.C.: 0 shares
D. E. Shaw Adviser, L.L.C.: 0 shares
D. E. Shaw Manager, L.L.C.: 0 shares
DESALKIV Portfolios, L.L.C.: 0 shares
David E. Shaw: 0 shares

**(iv) Shared power to dispose or to direct the disposition of:**

D. E. Shaw & Co., L.P.: 3,276,973 shares
D. E. Shaw & Co., L.L.C.: 3,276,973 shares
D. E. Shaw Adviser II, L.L.C.: 3,276,973 shares
D. E. Shaw Manager II, L.L.C.: 3,276,973 shares
D. E. Shaw Galvanic Portfolios, L.L.C.: 3,276,973 shares
D. E. Shaw Adviser, L.L.C.: 0 shares
D. E. Shaw Manager, L.L.C.: 0 shares
DESALKIV Portfolios, L.L.C.: 0 shares
David E. Shaw: 3,276,973 shares

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### 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.

**D. E. Shaw & Co., L.P.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Chief Compliance Officer

**D. E. Shaw & Co., L.L.C.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Authorized Signatory

**D. E. Shaw Adviser II, L.L.C.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Chief Compliance Officer

**D. E. Shaw Manager II, L.L.C.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Authorized Signatory

**D. E. Shaw Galvanic Portfolios, L.L.C.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Authorized Signatory

**D. E. Shaw Adviser, L.L.C.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Chief Compliance Officer

**D. E. Shaw Manager, L.L.C.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Authorized Signatory

**DESALKIV Portfolios, L.L.C.**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Authorized Signatory

**David E. Shaw**

**Date:** 09/18/2025

**By:** /s/ Daniel R. Marcus

**Name & Title:** Daniel R. Marcus / Attorney-in-Fact for David E. Shaw