Form 4: Tempus AI Executive Erik Phelps Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
EVP & Chief Admin & Legal Off Erik Phelps sold shares of Tempus AI, Inc. Class A Common Stock on February 18 and 19, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Erik Phelps, EVP & Chief Admin & Legal Off of Tempus AI, Inc., reported the sale of Class A Common Stock on February 18 and 19, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on September 6, 2024.
- On February 18, 2025, a total of 59,482 shares were sold at weighted average prices ranging from $79.63 to $90.58.
- On February 19, 2025, 903 shares were sold at weighted average prices ranging from $81.83 to $82.51.
- Following these transactions, Phelps directly owns 152,177 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock sales by a company executive and doesn't provide specific insights into Tempus AI's competitive position or broader industry trends. However, it is worth noting that sales under 10b5-1 plans are common and are designed to avoid accusations of insider trading.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 02/18/2025 | Date of first stock sale |
| 02/19/2025 | Date of second stock sale |
| 02/20/2025 | Date of Form 4 filing |
Keywords
Form 4, Tempus AI, Erik Phelps, Stock Sale, 10b5-1 Trading Plan, Executive, Class A Common Stock
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