Form 4: Tempus AI CFO James William Rogers Reports Changes in Beneficial Ownership Following IPO
SEC Form 4
James William Rogers, CFO of Tempus AI, reports the acquisition and disposal of Class A Common Stock following the company's initial public offering.
Summary
- On June 13, 2024, James William Rogers, CFO of Tempus AI, acquired 370,000 shares of Class A Common Stock due to the vesting of restricted stock units (RSUs) upon the effectiveness of the company's IPO.
- These RSUs are subject to various service-based vesting conditions over the next several years.
- On June 14, 2024, Rogers disposed of 85,695 shares of Class A Common Stock at a price of $37 to satisfy withholding tax obligations related to the vesting of the RSUs.
- Following these transactions, Rogers directly owns 284,305 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock ownership changes following an IPO. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a standard procedure following an IPO, as executives often receive stock-based compensation that vests upon the company going public. The subsequent sale of shares to cover tax obligations is also a common occurrence.
Stakeholder Impact
- The vesting of RSUs and subsequent sale of shares could have a minor impact on the stock price due to increased trading volume.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Acquisition of 370,000 shares of Class A Common Stock due to RSU vesting. |
| 06/14/2024 | Disposal of 85,695 shares of Class A Common Stock to satisfy withholding tax obligations. |
| 06/17/2024 | Date of Form 4 filing. |
| August 1, 2024 | Commencement of vesting for 3,750 RSUs in three equal quarterly installments. |
| September 1, 2024 | Commencement of vesting for 35,000 RSUs in seven equal quarterly installments. |
| August 15, 2024 | Commencement of vesting for 41,250 RSUs in eleven equal quarterly installments. |
| June 15, 2024 | Commencement of vesting for 12,000 RSUs in sixteen equal quarterly installments. |
| March 31, 2024 | Commencement of vesting for 7,500 RSUs in three equal quarterly installments. |
| March 31, 2025 | Commencement of vesting for 20,000 RSUs in four equal quarterly installments. |
| March 31, 2026 | Commencement of vesting for 30,000 RSUs in four equal quarterly installments. |
| March 15, 2025 | Vesting of one-third of 20,000 RSUs. |
| June 15, 2025 | Commencement of vesting for the remainder of 20,000 RSUs in eight substantially equal quarterly installments. |
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