Form 4: Tempus AI CEO Eric Lefkofsky Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Eric Lefkofsky sold shares of Tempus AI to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Eric Lefkofsky, CEO and Chairman of Tempus AI, sold shares of Class A Common Stock between February 12, 2025, and February 14, 2025.
- The sales were executed to cover statutory tax withholding obligations related to the vesting of restricted stock units.
- A total of 213,541 shares were sold at prices ranging from $69.55 to $87.55.
- After these transactions, Lefkofsky directly owns 5,049,460 shares of Class A Common Stock.
- Lefkofsky also indirectly owns shares through various entities, including 346 Long LLC, Gray Media, LLC, Blue Media, LLC, Innovation Group Investors, L.P., Black Media, LLC, Lefkofsky Family Foundation, Lightbank Investments 1B, LLC, and Lightbank Global LLC.
Sentiment
Score: 5
Explanation: Neutral. This is a standard transaction to cover tax obligations, not indicative of the company's overall performance or future prospects.
Industry Context
This is a routine Form 4 filing, reflecting stock sales by an insider to cover tax obligations, a common practice among executives with equity compensation.
Stakeholder Impact
- The stock sales may have a minor, temporary impact on the stock price due to the increased selling volume.
- However, since the sales are for tax obligations, they are unlikely to reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | First transaction date; sale of Class A Common Stock. |
| 02/13/2025 | Multiple sales of Class A Common Stock. |
| 02/14/2025 | Last transaction date; sale of Class A Common Stock and filing date of the Form 4. |
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