Form 4: Tempus AI Director Eric Belcher Awarded Equity Grant

Tempus AI director Eric Belcher received 5,913 restricted stock units as part of his compensation package, vesting in May 2027.

Summary

• Eric D. Belcher, a member of the Board of Directors, was granted 5,913 restricted stock units (RSUs) on May 21, 2026.
• The RSUs represent a right to receive Class A Common Stock upon vesting.
• Following the transaction, Belcher directly owns 21,424 shares of Class A Common Stock.
• Belcher also maintains an indirect interest in 14,033 shares held through Nob Hill Ventures LLC.
• The grant is part of standard director compensation for service on the board.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive administrative event, confirming director alignment and commitment to the company's medium-term goals.

Positives

• Aligns director interests with those of shareholders through equity-based compensation.
• Ensures continued board stability with a one-year vesting requirement for the new units.
• The reporting person maintains a significant total stake of over 35,000 shares, indicating confidence in the company.

Negatives

• The issuance of new shares upon vesting will result in minor dilution for existing shareholders.

Risks

• Vesting is contingent upon continuous service through May 2027; early departure would result in forfeiture.
• The ultimate value of the compensation is subject to market volatility of Class A Common Stock.

Future Outlook

The director is expected to remain with the company through at least May 2027 to satisfy the vesting conditions of the equity award.

Management Comments

• The RSUs will vest in full on the earlier of the date of the 2027 annual meeting or May 21, 2027, subject to continuous service.

Industry Context

StockSavvy.ai notes that equity grants for directors are a standard practice among high-growth AI and healthcare technology firms to preserve cash while incentivizing long-term strategic oversight.

Comparison to Industry Standards

• The grant size is consistent with mid-cap technology company director compensation structures.
• Vesting periods of one year for director RSUs are typical across the S&P 500 and Nasdaq-listed entities.

Corporate Governance

Related Party Transactions

• The grant of equity to a director is considered a related party transaction under standard disclosure rules.

Stakeholder Impact

• Shareholders: Minor dilution upon vesting of the 5,913 shares.
• Management/Board: Increased equity exposure for Director Eric Belcher.

Next Steps

• Vesting of the 5,913 RSUs on or around May 21, 2027.
• Potential conversion of RSUs into Class A Common Stock upon the vesting date.

Key Dates

Recommendation

This is a routine regulatory filing regarding director compensation and does not signal a change in company fundamentals or strategic direction.

Keywords

Tempus AI, TEM, Insider Trading, Form 4, Restricted Stock Units, Director Compensation, Eric Belcher, Equity Grant