Form 4: Tempus AI CEO Eric Lefkofsky Reports Stock Sales to Cover Tax Obligations

CEO and Chairman of Tempus AI, Eric Lefkofsky, reports sales of Class A Common Stock to cover tax withholding obligations, while also reporting pro rata distributions and indirect ownership through various entities.

Summary

• Eric Lefkofsky, CEO and Chairman of Tempus AI, filed a Form 4 detailing changes in beneficial ownership of Tempus AI's Class A Common Stock.
• On February 19, 2025, Lefkofsky sold shares of Class A Common Stock in multiple transactions at weighted average prices ranging from $79.65 to $82.47 to cover statutory tax withholding obligations.
• The total number of shares sold on February 19, 2025, was 84,640.
• On February 20, 2025, Lefkofsky sold 69,231 shares at a weighted average price of $74.09.
• Lefkofsky also reported a pro rata distribution of 112 shares by 346 Long LLC, a limited partnership in which 346 Long LLC is a limited partner.
• The report also details Lefkofsky's indirect ownership of shares through various entities, including 346 Long LLC, Gray Media, LLC, Blue Media, LLC, Innovation Group Investors, L.P. 2011 Series, Black Media, LLC, Lefkofsky Family Foundation, Lightbank Investments 1B, LLC, and Lightbank Global LLC.
• Following the reported transactions, Lefkofsky directly owns 4,895,589 shares of Class A Common Stock.
• Lefkofsky indirectly owns 9,557,283 shares through Gray Media, LLC, 26,589,477 shares through Blue Media, LLC, 4,952,973 shares through Innovation Group Investors, L.P. 2011 Series, 206 shares through Black Media, LLC, 332,131 shares through Lefkofsky Family Foundation, 248,631 shares through Lightbank Investments 1B, LLC, 145,966 shares through Innovation Group Investors, L.P. Series 1B and 1,397,589 shares through Lightbank Global LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. The sales are attributed to tax obligations, which is a neutral event. Therefore, the sentiment is considered neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the stated reason for the sales (tax obligations) mitigates potential negative sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Tempus AI, Lefkofsky, Stock Sales, Tax Withholding, Class A Common Stock