Form 4: Tempus AI Executive Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report 20 November 2025 7:05 PM

Tempus AI's EVP & Chief Admin & Legal Officer, Erik Phelps, sold 3,533 shares of Class A Common Stock in a non-discretionary 'sell to cover' transaction for tax withholding.

Summary

Erik Phelps, EVP & Chief Admin & Legal Officer of Tempus AI, Inc. (TEM), reported the sale of 3,533 shares of Class A Common Stock.
The sales occurred on November 18, 2025.
A total of 2,428 shares were sold at a weighted average price of $65.26 per share, with prices ranging from $64.7216 to $65.685.
An additional 1,105 shares were sold at a weighted average price of $66.15 per share, with prices ranging from $65.78 to $66.62.
These transactions were non-discretionary 'sell to cover' sales, mandated by the company's equity incentive plans to satisfy statutory tax withholding obligations related to restricted stock unit vesting.
Following these transactions, Erik Phelps beneficially owns 90,582 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary 'sell to cover' for tax purposes, which is a neutral event from an investment sentiment perspective. It does not indicate a change in management's confidence or a strategic shift.

Stakeholder Impact

Shareholders: Minimal direct impact as the sale is non-discretionary and for tax purposes, not indicative of a change in executive confidence.
Employees: No direct impact mentioned.

Key Dates

Date	Description
11/18/2025	Date of earliest transaction (sale of Class A Common Stock).
11/20/2025	Signature date of the reporting person's attorney-in-fact.

Recommendation

hold

The reported transaction is a routine 'sell to cover' by an executive to satisfy tax obligations upon the vesting of restricted stock units. This is a non-discretionary event and does not signal a change in the company's fundamentals or the executive's long-term view. Therefore, it provides no new information to warrant a change in investment recommendation; a 'hold' stance is maintained based on existing company analysis.

Keywords

Tempus AI, TEM, Erik Phelps, Form 4, Insider Trading, Stock Sale, Sell to Cover, Tax Withholding, Restricted Stock Units, Equity Incentive Plan

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