4/A: Tempus AI Director Amends Form 4 for Share Sale Details

Tempus AI Director Theodore Leonsis filed an amended Form 4 to provide the specific price range for the sale of 44,000 Class A Common Stock shares on August 13, 2025.

Summary

• Theodore Leonsis, a Director of Tempus AI, Inc. [TEM], filed an amended Form 4 (Form 4/A) on August 21, 2025.
• The amendment was filed to disclose the precise price range for a previously reported sale of Class A Common Stock.
• The transaction involved the sale of 44,000 shares of Class A Common Stock on August 13, 2025.
• The shares were sold at a weighted average price of $69.9 per share.
• Individual sale prices for these shares ranged from $69.49917 to $69.935.
• Following this transaction, Mr. Leonsis beneficially owns 86,756 shares indirectly through the Theodore J. Leonsis Revocable Trust and 15,511 shares directly.
• The filing also noted pro rata distributions of shares by Revolution Growth GP III, LP to its partners, which resulted in a change in the form of ownership not requiring Section 16 reporting.

Sentiment

Score: 4

Explanation: The sale of shares by a director, even if for personal reasons, can be perceived negatively by the market, suggesting a potential lack of confidence or that the stock is fully valued. However, the amendment itself demonstrates transparency in reporting.

Positives

• The filing of an amendment demonstrates transparency by providing more detailed information regarding the price range of the share sale, which was not fully disclosed in the original filing.

Negatives

• A director's sale of a significant number of shares can be perceived negatively by the market, potentially signaling a lack of confidence in the company's near-term prospects or that the stock is fully valued.

Industry Context

Insider sales, particularly by directors, are closely monitored by investors as they can offer insights into management's perspective on the company's valuation and future performance. While often for personal financial planning, significant sales can sometimes be interpreted as a bearish signal.

Related Party Transactions

• The filing notes pro rata distributions of shares by Revolution Growth GP III, LP to its general and limited partners, and the subsequent distribution of shares by the general partner to its members, in each case for no consideration. This represented a change in the form of the reporting person's ownership, who is a member of the investment committee of the ultimate general partner of RG GP III.

Stakeholder Impact

• Shareholders may interpret the director's share sale as a signal regarding the company's valuation or future performance, potentially influencing their investment decisions.

Key Dates

Recommendation

While the sale of shares by a director can be a negative signal, this single transaction, without further context on the director's overall holdings, the company's strategic direction, or the director's personal financial planning, is not sufficient to warrant a strong sell recommendation. Investors should monitor future insider activity and company performance. The amendment itself is a positive for transparency in reporting.

Keywords

Tempus AI, TEM, Insider Trading, Form 4, Director Sale, Theodore Leonsis, Equity Sale, SEC Filing, Class A Common Stock