Form 4: Tempus AI Director David Epstein Sells Shares Under 10b5-1 Plan

David Epstein, a director at Tempus AI, sold 370 shares of Class A Common Stock on May 1, 2025, at a price of $53.5 per share, according to a Form 4 filing with the SEC.

Summary

• On May 1, 2025, David Epstein, a director of Tempus AI, Inc., sold 370 shares of Class A Common Stock.
• The sale was executed at a price of $53.5 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 27, 2024.
• Following the transaction, Epstein directly owns 25,914 shares of Tempus AI's Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction under a pre-existing trading plan, with no indication of positive or negative implications for the company.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information at the time of the transaction.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate insiders to diversify their holdings and avoid accusations of trading on non-public information.
• The volume of shares sold (370) is relatively small compared to the total holdings (25,914), suggesting this is likely a routine diversification move rather than a significant divestment.

Stakeholder Impact

• The sale of shares by a director could have a minor psychological impact on shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Tempus AI, David Epstein, Class A Common Stock, SEC Filing, 10b5-1 Trading Plan, Director, Share Sale