Lefkofsky entities sell 166K Tempus AI (TEM) shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tempus AI, Inc. reported insider activity involving entities associated with CEO and Chairman Eric Lefkofsky. On May 27, 2026, Blue Media, LLC and Gray Media, LLC, entities managed by Lefkofsky, sold a combined 166,250 shares of Class A Common Stock in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on March 4, 2025.
Shares were sold at weighted-average prices within ranges disclosed around $45–$47 per share. After these sales, Blue Media, LLC held 15,620,748 shares and Gray Media, LLC held 8,832,851 shares of Tempus AI Class A Common Stock, in addition to other direct and indirect holdings reported for Lefkofsky and related foundations and entities.
Positive
- None.
Negative
- None.
Insights
Entities linked to Tempus AI's CEO sold shares under a pre-set plan while retaining large positions.
The disclosure shows Blue Media, LLC and Gray Media, LLC, entities managed by Eric Lefkofsky, sold a combined 166,250 shares of Tempus AI Class A stock. Transactions were coded as open-market sales and executed under a Rule 10b5-1 trading plan adopted on March 4, 2025, indicating they were pre-scheduled rather than opportunistic.
Despite these sales, the entities still hold substantial stakes, with 15,620,748 shares at Blue Media, LLC and 8,832,851 shares at Gray Media, LLC following the transactions, plus other direct and foundation-related holdings disclosed. With no derivative exercises and sales conducted under a trading plan, this filing generally appears as routine portfolio management rather than a signal of a strategic shift.
Insider Trade Summary 10b5-1
Net Seller: 166,250 shares ($7,763,312)
Net Sell
10 txns
Insider
LEFKOFSKY ERIC P
Role
CEO and Chairman
Sold
166,250 shs ($7.76M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,932 | $46.17 | $412K |
| Sale | Class A Common Stock | 24,318 | $46.89 | $1.14M |
| Sale | Class A Common Stock | 35,721 | $46.17 | $1.65M |
| Sale | Class A Common Stock | 97,279 | $46.89 | $4.56M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 8,832,851 shares (Indirect, By Gray Media, LLC);
Class A Common Stock — 2,230,721 shares (Direct, null)
Footnotes (1)
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 4, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.53 to $46.52 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4). The Reporting Person is (i) a member of, and controls a limited liability company that is a member of, 346 Long LLC, (ii) the sole manager of each of Black Media, LLC, Blue Media, LLC and Gray Media, LLC, (iii) a trustee of each of Lefkofsky Family Foundation and Vas.org Foundation. The Reporting Person's spouse is the trustee of the Lefkofsky Family 2025 GRAT. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.53 to $47.47 inclusive.
Key Figures
Total shares sold: 166,250 shares
Blue Media first sale: 97,279 shares at $46.89
Blue Media second sale: 35,721 shares at $46.17
+5 more
8 metrics
Total shares sold
166,250 shares
Open-market sales on May 27, 2026 by Blue Media, LLC and Gray Media, LLC
Blue Media first sale
97,279 shares at $46.89
Class A Common Stock open-market sale; Tempus AI
Blue Media second sale
35,721 shares at $46.17
Class A Common Stock open-market sale; Tempus AI
Gray Media first sale
24,318 shares at $46.89
Class A Common Stock open-market sale; Tempus AI
Gray Media second sale
8,932 shares at $46.17
Class A Common Stock open-market sale; Tempus AI
Blue Media holdings after sales
15,620,748 shares
Class A Common Stock held indirectly after May 27, 2026 transactions
Gray Media holdings after sales
8,832,851 shares
Class A Common Stock held indirectly after May 27, 2026 transactions
Direct holdings
2,230,721 shares
Class A Common Stock held directly by Eric Lefkofsky after reported date
Key Terms
Rule 10b5-1 trading plan, weighted average price, grantor retained annuity trust, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 4, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.53 to $46.52 inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
grantor retained annuity trust financial
"The Reporting Person's spouse is the trustee of the Lefkofsky Family 2025 GRAT."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
open-market sale financial
"transaction_action": "open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider activity did Tempus AI (TEM) report for May 27, 2026?
Tempus AI reported that entities associated with CEO Eric Lefkofsky sold Class A shares on May 27, 2026. Blue Media, LLC and Gray Media, LLC executed open-market sales totaling 166,250 shares under a pre-arranged Rule 10b5-1 trading plan adopted earlier in 2025.
Were the Tempus AI (TEM) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted on March 4, 2025. Such plans pre-schedule trades, indicating these sales were part of a structured program rather than reactive market timing by the associated entities.
What Tempus AI (TEM) holdings remain after the reported insider sales?
After the sales, Blue Media, LLC held 15,620,748 Tempus AI Class A shares, and Gray Media, LLC held 8,832,851 shares. The filing also lists additional indirect holdings via foundations, a GRAT, LLCs, and 2,230,721 shares held directly by Eric Lefkofsky as of the reporting date.