Form 4: Tempus AI CEO Sells Over 166,000 Shares Under Pre-Arranged Trading Plan

Tempus AI, Inc. CEO and Chairman Eric P. Lefkofsky sold 166,250 shares of Class A Common Stock for approximately $10.45 million through pre-arranged Rule 10b5-1 trading plans.

Summary

• Eric P. Lefkofsky, CEO and Chairman of Tempus AI, Inc., disposed of a total of 166,250 shares of Class A Common Stock on July 28, 2025.
• The sales were executed through various entities controlled by Mr. Lefkofsky, specifically Gray Media, LLC and Blue Media, LLC.
• The shares were sold at weighted average prices ranging from $62.16 to $65.23 per share.
• The total value of the shares sold amounts to approximately $10,452,509.49.
• All transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Lefkofsky on March 4, 2025.
• Following these transactions, Mr. Lefkofsky beneficially owns 39,779,745 shares of Class A Common Stock, held directly and indirectly through various entities.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can be perceived negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns, suggesting planned liquidity or diversification rather than a sudden loss of confidence in the company's prospects.

Positives

• The transactions were executed under a Rule 10b5-1 trading plan, indicating pre-scheduled sales for diversification or liquidity rather than a reaction to recent company performance.

Negatives

• Significant insider selling by the CEO and Chairman, even if pre-planned, can sometimes be perceived negatively by the market as it reduces the insider's direct equity stake.

Risks

• No specific new risks were disclosed in this Form 4 filing beyond the general market perception associated with insider selling.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• This Form 4 filing does not include direct quotes or paraphrased statements from company management, as it is a transactional report.

Industry Context

This Form 4 filing, detailing insider stock sales, does not provide information related to broader industry trends or competitors.

Comparison to Industry Standards

• This Form 4 filing, which reports insider transactions, does not contain information suitable for comparison to global industry benchmarks, specific comparable companies, projects, or results.

Corporate Governance

Related Party Transactions

• The sales were conducted indirectly through Gray Media, LLC and Blue Media, LLC, which are limited liability companies controlled by the reporting person, Eric P. Lefkofsky.
• Beneficial ownership is also held indirectly through 346 Long LLC, Lefkofsky Family 2025 GRAT (where the reporting person's spouse is trustee), Black Media, LLC, and Lefkofsky Family Foundation, all of which are related entities.

Stakeholder Impact

• Shareholders may observe the reduction in the CEO's direct equity stake, but the pre-arranged nature of the sales via a 10b5-1 plan should mitigate concerns about management's confidence in the company.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

While significant insider selling by the CEO and Chairman could be a concern, the transactions were conducted under a pre-arranged Rule 10b5-1 trading plan. This suggests planned liquidity or diversification rather than a sudden negative outlook on the company's prospects. Investors should monitor future filings and company performance, but this specific transaction does not warrant an immediate change in investment thesis.

Keywords

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