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

Tempus AI Director David R. Epstein sold 370 shares of Class A Common Stock at $59.41 per share pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• David R. Epstein, a Director of Tempus AI, Inc. (TEM), reported a transaction involving the company's Class A Common Stock.
• The transaction occurred on February 2, 2026, and involved the disposition of 370 shares.
• The shares were sold at a price of $59.41 per share.
• Following this transaction, David R. Epstein beneficially owns 26,051 shares of Class A Common Stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 27, 2024.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly negative event. While it's an insider sale, the execution under a pre-arranged 10b5-1 plan mitigates the negative sentiment often associated with open-market insider selling, suggesting a planned personal financial move rather than a reaction to adverse company news.

Positives

• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned sale rather than an immediate reaction to new information.

Negatives

• A director selling shares, even under a 10b5-1 plan, represents a reduction in direct insider ownership.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider sales, even when executed under a Rule 10b5-1 plan, are routinely monitored by investors as they can provide insights into management's personal financial planning and, in some cases, their long-term perspective on the company's valuation. However, the pre-planned nature often suggests personal liquidity management rather than a reaction to new corporate developments.

Stakeholder Impact

• Shareholders may note the director's sale, which could be interpreted as a minor signal regarding insider sentiment, though the 10b5-1 plan context typically reduces concern.

Key Dates

Recommendation

The sale by Director David R. Epstein of 370 shares of Tempus AI Class A Common Stock, executed under a Rule 10b5-1 trading plan, is a routine insider disclosure. While insider sales can sometimes signal a lack of confidence, the pre-planned nature mitigates this concern, suggesting a personal liquidity event rather than a change in fundamental outlook. This transaction alone does not provide sufficient new information to alter a fundamental investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

Tempus AI, TEM, Form 4, Insider Trading, Stock Sale, Director, David R. Epstein, 10b5-1 Plan