Form 4: Tempus AI Executive Erik Phelps Reports Share Transactions Following IPO
SEC Form 4 Filing
EVP & Chief Admin & Legal Off Erik Phelps reports acquisition of 477,402 shares of Class A Common Stock upon vesting of RSUs and disposition of 182,037 shares to cover tax obligations.
Summary
- Erik Phelps, EVP & Chief Admin & Legal Off of Tempus AI, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 13, 2024, Phelps acquired 477,402 shares of Class A Common Stock due to the vesting of previously granted restricted stock units (RSUs) upon the effectiveness of Tempus AI's IPO registration statement.
- These RSUs are subject to various service-based vesting conditions with installments commencing on different dates.
- On June 14, 2024, Phelps disposed of 182,037 shares of Class A Common Stock to satisfy withholding tax obligations related to the vesting of the RSUs, at a price of $37 per share.
- Following these transactions, Phelps directly owns 295,365 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice following significant transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about the insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Acquisition of 477,402 shares of Class A Common Stock due to RSU vesting. |
| 06/14/2024 | Disposition of 182,037 shares of Class A Common Stock to cover tax obligations. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.