The pI is about 11.3. Arginine is a basic amino acid. Thus the most protonated form of vasopressin has two positive charges. The first pKa thus corresponds to the first positive charge, and the second pKa is the second positive charge. pI is the point at which you have a neural molecule, which is roughly the average of the pKa that corresponds to the last positive charge, and the pKa that give a singly negative charged molecule. That might have been one of the more convoluted explanations yet.