Form 4: Tempus AI Director Theodore Leonsis Sells Over 200,000 Shares in Pre-Arranged Transactions

Tempus AI, Inc. Director and 10% owner Theodore Leonsis reported the sale of 205,847 shares of Class A Common Stock for approximately $13.9 million through pre-arranged trading plans.

Summary

• Theodore Leonsis, a Director and 10% owner of Tempus AI, Inc. (TEM), reported the sale of Class A Common Stock.
• On June 11, 2025, Mr. Leonsis sold 184,116 shares at a weighted average price of $67.59 per share, with prices ranging from $67.1203 to $68.12.
• On the same date, an additional 21,731 shares were sold at a weighted average price of $68.27 per share, with prices ranging from $68.1224 to $68.915.
• The total number of shares sold across these transactions is 205,847.
• These transactions were conducted pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following these sales, Mr. Leonsis directly owns 15,511 shares of Class A Common Stock.
• Indirect beneficial ownership includes 122,140 shares through the Theodore J. Leonsis Revocable Trust, 43,550 shares through Revolution Growth III, LP, and 6,115 shares through Revolution Growth GP III, LP.
• The shares sold from Revolution Growth Management Company, Inc. (RGMC) resulted in 0 shares beneficially owned by RGMC following the reported transactions.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a significant insider sale, which can sometimes be interpreted as a lack of confidence. However, the sale being under a 10b5-1 plan mitigates some of the negative implications, suggesting it was a pre-planned liquidity event rather than a reaction to new negative information.

Positives

• The transactions were executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale not based on immediate, non-public information.

Negatives

• A significant sale of 205,847 shares by a director and 10% owner could be perceived as a negative signal by some investors, potentially indicating a reduction in insider confidence or a need for liquidity.

Risks

• The sale of a substantial number of shares by a director and significant shareholder could lead to negative market sentiment or increased selling pressure on Tempus AI's stock.

Future Outlook

NA

Industry Context

This Form 4 filing reflects an insider transaction, which is a routine disclosure for publicly traded companies. Such sales are common for directors and large shareholders for various personal financial planning reasons, especially when executed under a Rule 10b5-1 plan, which pre-schedules trades to avoid accusations of trading on material non-public information. The specific impact on the broader industry is minimal, but it provides insight into the individual holdings and liquidity management of a key insider at Tempus AI.

Related Party Transactions

• The reporting person, Theodore Leonsis, disclaims beneficial ownership of shares held by Revolution Growth III, LP, Revolution Growth GP III, LP, and Revolution Growth Management Company, Inc. (RGMC), except to the extent of his pecuniary interest therein. He is a member of the investment committee of the ultimate general partner of RG GP III and RG III, and a board member of RGMC, and may be deemed to share dispositive power over these shares.

Stakeholder Impact

• Shareholders: The sale by a director and 10% owner could lead to questions about insider confidence and potentially influence investor sentiment and stock price.

Key Dates

Keywords

Tempus AI, TEM, Theodore Leonsis, Form 4, Insider Trading, Stock Sale, Director, 10b5-1 Plan, Equity Transaction, Beneficial Ownership