TEM insider sales: Lefkofsky reports major dispositions at $72–$76
Rhea-AI Filing Summary
Tempus AI insider sales by Eric P. Lefkofsky completed under a Rule 10b5-1 plan. On 08/27/2025 Lefkofsky (CEO and Chairman) reported multiple open-market dispositions of Class A common stock executed pursuant to a March 4, 2025 10b5-1 trading plan. Reported sales occurred at weighted-average prices in four price ranges: $72.21–$73.20, $73.21–$74.20, $74.21–$75.20 and $75.21–$75.83, with specific weighted-average prices listed as $72.89, $73.81, $74.59 and $75.47.
Transactions on that date include a series of sales totaling several hundred thousand shares across entities he controls, with reported beneficial ownership balances after the sales listed for multiple entities (for example, 9,207,533, 17,869,469, and 18,110,360 shares for certain entities) and additional holdings such as 10,000,000 shares held in the Lefkofsky Family 2025 GRAT. The Form 4 is signed by an attorney-in-fact and includes explanations of grouping and pricing detail.
Positive
- Sales were executed under a documented Rule 10b5-1 trading plan, which provides an affirmative defense and transparency about timing.
- Form 4 discloses post-transaction beneficial ownership by entity, including specific share counts such as 10,000,000 in the Lefkofsky Family 2025 GRAT.
Negative
- Significant open-market dispositions occurred on 08/27/2025 across multiple entities, totaling several hundred thousand shares at prices up to $75.83.
- Large insider holdings remain concentrated across related entities, which could maintain high insider influence over the company.
Insights
TL;DR: CEO sold shares under a pre-established 10b5-1 plan; transactions are disclosed and ownership remains concentrated.
The filing documents open-market sales by the CEO under a Rule 10b5-1 plan adopted March 4, 2025, which provides an affirmative defense to insider trading claims so long as the plan's conditions are met. The disclosure clearly identifies indirect holdings across multiple controlled entities and trusts, and quantifies post-transaction beneficial ownership for each entity. From a governance perspective, the filing meets Section 16 reporting requirements and clarifies the reporting persons control relationships.
TL;DR: Material share dispositions occurred at $72.21–$75.83 ranges; sizable residual holdings remain across related entities.
The Form 4 shows substantial disposals executed the same day across several controlled entities with weighted-average prices reported per tranche. Although the sales reduce direct/indirect exposure, the reporting person retains multi-million share positions in multiple entities including a 10,000,000-share position in a family GRAT and other large indirect stakes. For investors, the filing documents liquidity actions by a key insider while confirming continued concentrated ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,278 | $72.89 | $458K |
| Sale | Class A Common Stock | 32,287 | $73.81 | $2.38M |
| Sale | Class A Common Stock | 24,373 | $74.59 | $1.82M |
| Sale | Class A Common Stock | 3,562 | $75.47 | $269K |
| Sale | Class A Common Stock | 25,109 | $72.89 | $1.83M |
| Sale | Class A Common Stock | 129,142 | $73.81 | $9.53M |
| Sale | Class A Common Stock | 97,494 | $74.59 | $7.27M |
| Sale | Class A Common Stock | 14,255 | $75.47 | $1.08M |
| 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 | -- | -- | -- |
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 $72.21 to $73.20 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), (4), (5) and (6). 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 and (iii) a trustee of Lefkofsky Family 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 $73.21 to $74.20 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.21 to $75.20 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.21 to $75.83 inclusive.
