Form 4: Tempus AI CEO Eric Lefkofsky Sells 500,000 Shares Under Pre-Arranged Trading Plan

Eric P. Lefkofsky, CEO and Chairman of Tempus AI, Inc., reported the sale of 500,000 shares of Class A Common Stock over two days in June 2025, executed under a pre-existing Rule 10b5-1 trading plan.

Summary

• Eric P. Lefkofsky, the CEO, Chairman, Director, and 10% Owner of Tempus AI, Inc. (TEM), reported the sale of 500,000 shares of the company's Class A Common Stock.
• The sales occurred over two days: 250,000 shares on June 17, 2025, and another 250,000 shares on June 18, 2025.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Lefkofsky on June 14, 2024.
• The shares sold on June 17, 2025, were transacted at weighted average prices ranging from $69.40 to $71.11 per share.
• The shares sold on June 18, 2025, were transacted at weighted average prices ranging from $67.22 to $71.21 per share.
• The sales were conducted indirectly through entities controlled by Mr. Lefkofsky, specifically Gray Media, LLC and Blue Media, LLC.
• Following these transactions, Mr. Lefkofsky's beneficial ownership, including direct and indirect holdings through various entities (Gray Media, LLC, Blue Media, LLC, 346 Long LLC, Lefkofsky Family 2025 GRAT, Black Media, LLC, and Lefkofsky Family Foundation), totals 40,946,995 shares of Class A Common Stock.

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by the CEO and Chairman, while executed under a pre-planned 10b5-1 trading plan, can still be perceived as a reduction in insider conviction, though the pre-planned nature mitigates immediate negative implications.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates a structured and pre-scheduled divestment rather than a reactive sale based on immediate negative company developments.

Negatives

• The sale of a significant number of shares (500,000) by the CEO and Chairman, even if pre-planned, could be perceived by some investors as a reduction in insider conviction or a signal of limited upside potential.
• The transactions represent a substantial cash out by a key executive and major shareholder.

Future Outlook

NA

Industry Context

This Form 4 filing details an insider stock transaction, which is a routine disclosure for publicly traded companies. It does not provide broader industry trends or competitive analysis, focusing solely on the individual's trading activity.

Related Party Transactions

• The sales were conducted indirectly through Gray Media, LLC and Blue Media, LLC, which are entities controlled by the reporting person, Eric P. Lefkofsky.
• Beneficial ownership is also reported through 346 Long LLC (where the reporting person is a member and controls a member), Lefkofsky Family 2025 GRAT (where the reporting person's spouse is the trustee), Black Media, LLC (where the reporting person is the sole manager), and Lefkofsky Family Foundation (where the reporting person is a trustee).

Stakeholder Impact

• Shareholders may interpret the significant insider sales as a signal, potentially influencing their perception of the company's future prospects, although the 10b5-1 plan mitigates the immediate negative implications.
• The transactions do not directly impact employees, customers, suppliers, or creditors, as they relate to personal stock holdings of an executive.

Key Dates

Recommendation

Keywords

Tempus AI, TEM, Eric Lefkofsky, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Chairman, Beneficial Ownership, Equity Sales