TEM Form 4: Theodore Leonsis sells 20,000 Class A shares at ~$75.83

Rhea-AI Filing Summary

Theodore Leonsis, a director of Tempus AI, Inc. (TEM), reported the sale of Class A common stock on 08/26/2025. The Form 4 shows 20,000 shares were sold at a weighted average price of $75.83, with individual trade prices reported in a range from $75.72 to $76.00. After the reported transactions, the filing lists 66,756 shares beneficially owned indirectly through the Theodore J. Leonsis Revocable Trust and 15,511 shares beneficially owned directly. The Form 4 was signed by an attorney-in-fact on 08/28/2025 and includes a footnote offering to provide a breakdown of shares sold at each price within the stated range.

Positive

• Form 4 filed and signed, disclosing the insider sale in compliance with Section 16
• Footnote offers to provide a breakdown of the number of shares sold at each price in the stated range

Negative

• Reporting person disposed of 20,000 Class A shares on 08/26/2025
• Sale reduced the reporter's direct/indirect position to the reported balances (15,511 direct; 66,756 indirect)

Insights

Financial Analyst

TL;DR: Routine insider sale disclosed; transaction size and remaining holdings are explicitly reported.

The Form 4 documents a sale of 20,000 Class A shares by director Theodore Leonsis on 08/26/2025 at a weighted average price of $75.83. The filing clearly separates ownership post-transaction into 66,756 indirect shares (via revocable trust) and 15,511 direct shares. This is a standard Section 16 disclosure showing disposition of equity and current beneficial ownership. No derivative transactions or additional contextual financial metrics are provided in the filing.

Corporate Governance Expert

TL;DR: Disclosure follows Section 16 requirements; record shows sale and identifies indirect ownership vehicle.

The filing identifies the reporting person, relationship to the issuer (Director), transaction date (08/26/2025), and provides a footnote on price range and weighted average. It also specifies the indirect ownership vehicle as the Theodore J. Leonsis Revocable Trust. The Form 4 is executed by an attorney-in-fact and includes the offered availability of per-price transaction details. The document contains no amendments or derivatives information.

Insider Trade Summary

Net Seller: 20,000 shares

Net Sell 2 txns

Insider Leonsis Theodore

Role Director

Sold 20,000 shs ($1.52M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	20,000	$75.83	$1.52M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 66,756 shares (Indirect, By Theodore J. Leonsis Revocable Trust); Class A Common Stock — 15,511 shares (Direct)

Footnotes (1)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.72 to $76.00 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 range set forth in this footnote.

FAQ

What did Theodore Leonsis report on the Form 4 for TEM?

He reported selling 20,000 Class A shares on 08/26/2025 at a weighted average price of $75.83.

When was the insider transaction executed and when was the Form 4 signed?

Transaction date: 08/26/2025. Form signature date: 08/28/2025 (signed by attorney-in-fact).

How many shares does the filing show beneficially owned after the sale?

66,756 shares indirectly (via the Theodore J. Leonsis Revocable Trust) and 15,511 shares directly.

At what prices were the sold shares transacted?

Prices ranged from $75.72 to $76.00; the filing reports a weighted average of $75.83 and offers to provide per-price breakdown on request.

Does the Form 4 report any derivative transactions or amendments?

No derivatives or amendments are reported in the provided Form 4 content.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/28/2025 - 04:15 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Leonsis Theodore

(Last) (First) (Middle)

C/O TEMPUS AI, INC.

600 WEST CHICAGO AVENUE, SUITE 510

(Street)

CHICAGO IL 60654

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Tempus AI, Inc. [ TEM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/26/2025		S		20,000	D	$75.83(1)	66,756	I	By Theodore J. Leonsis Revocable Trust
Class A Common Stock								15,511	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.72 to $76.00 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 range set forth in this footnote.

	/s/ Andrew Polovin, Attorney-in-Fact	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.