Form 4: Tempus AI Executive VP Andrew Polovin Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Andrew Polovin, EVP and General Counsel of Tempus AI, sold shares to cover statutory tax withholding obligations related to vesting restricted stock units.
Summary
- On February 5, 2025, Andrew Polovin, the EVP and General Counsel of Tempus AI, sold 7,717 shares of Class A Common Stock at a price of $67.57.
- The sale was mandated by Tempus AI's equity incentive plan to cover statutory tax withholding obligations.
- Following the transaction, Polovin directly owns 237,238 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't indicate positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives. This transaction is a routine part of executive compensation and tax management.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of transaction: Andrew Polovin sold shares of Class A Common Stock. |
| 02/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Tempus AI, Andrew Polovin, Executive VP, General Counsel, Share Sale, Tax Withholding, Class A Common Stock, Equity Incentive Plan, Restricted Stock Units
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