SCHEDULE 13G/A 0001140361-24-046882 0001661655 XXXXXXXX LIVE 1 Class A Common Stock, par value $0.0001 per share 06/30/2025 0001802156 Xponential Fitness, Inc. 98422X101 17877 Von Karman Ave. Suite 100 Irvine CA 92614 Rule 13d-1(b) Nut Tree Capital Management, LP DE 0 1125404 0 1125404 1125404 N 3.2 IA PN Nut Tree Capital Management GP, LLC DE 0 1125404 0 1125404 1125404 N 3.2 OO HC Nussbaum Jared R. X1 0 1125404 0 1125404 1125404 N 3.2 IN HC Xponential Fitness, Inc. 17877 Von Karman Ave., Suite 100, Irvine, California, 92614 This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) Nut Tree Capital Management, LP ("Nut Tree Capital Management"); ii) Nut Tree Capital Management GP, LLC ("Nut Tree Capital Management GP"); and iii) Jared R. Nussbaum ("Mr. Nussbaum"). This Statement relates to shares of Class A Common Stock ("Shares") held by Nut Tree Master Fund, LP ("Nut Tree Master Fund"). Nut Tree Capital Management serves as investment adviser to Nut Tree Master Fund. Nut Tree Capital Management GP serves as a general partner of Nut Tree Capital Management. Mr. Nussbaum serves as Chief Investment Officer and managing partner of Nut Tree Capital Management, and is the sole member of Nut Tree Capital Management GP. The address of the principal business office of each of the Reporting Persons is 55 Hudson Yards, 22nd Floor, New York, NY 10001. i) Nut Tree Capital Management is a Delaware limited partnership; ii) Nut Tree Capital Management GP is a Delaware limited liability company; and iii) Mr. Nussbaum is a citizen of the United States of America. N IA HC As of June 30, 2025, each of the Reporting Persons may be deemed the beneficial owner of 1,125,404 Shares held by Nut Tree Master Fund. As of June 30, 2025, each of the Reporting Persons may be deemed the beneficial owner of approximately 3.2% of the Shares outstanding. (There were approximately 34,926,000 Shares outstanding as of April 30, 2025, according to the Issuer's quarterly report on Form 10-Q, filed May 9, 2025.) 0 1,125,404 0 1,125,404 N Y N See disclosure in Items 2 and 4 hereof. N See disclosure in Item 2 hereof. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. Nut Tree Capital Management, LP /s/ Jared R. Nussbaum 08/14/2025 Nut Tree Capital Management GP, LLC /s/ Jared R. Nussbaum 08/14/2025 Nussbaum Jared R. /s/ Jared R. Nussbaum 08/14/2025