Tempus AI Insider Filing: Lefkofsky Offloads 166,250 Shares, Still Holds ~40M
Rhea-AI Filing Summary
Tempus AI (TEM) Form 4: CEO/Chairman Eric P. Lefkofsky reported the sale of 166,250 Class A shares on 28-Jul-2025 under a Rule 10b5-1 trading plan adopted 4-Mar-2025.
- Gray Media, LLC – 33,250 shares sold at weighted averages of $62.16-$65.23; post-sale position: 9,274,033 shares.
- Blue Media, LLC – 133,000 shares sold at the same price ranges; post-sale position: 18,135,469 shares.
After these transactions, Lefkofsky remains the beneficial owner of ~39.8 million shares (2.04 M direct, 27.4 M via Gray/Blue Media and 10 M through a 2025 GRAT plus smaller entities), preserving an overwhelming majority of his stake.
No derivative transactions were reported. The filing notes that detailed price breakdowns are available upon request and that some direct shares were recently transferred to Blue Media.
Takeaway: While any insider sale by the founder can draw attention, the divested amount equals ≈0.4 % of his disclosed holdings, suggesting portfolio rebalancing rather than a meaningful reduction in commitment.
Positive
- CEO retains ~39.8 million shares, maintaining strong alignment with shareholders.
- Sales were executed under a pre-planned Rule 10b5-1 program, mitigating insider-information concerns.
Negative
- 166,250 shares sold by the CEO may raise short-term perception issues.
- Continued multi-entity ownership complexity can obscure true float and governance dynamics.
Insights
TL;DR: Small 10b5-1 sale, ownership still dominant—neutral.
The CEO monetised 166 k shares (~$10.4 m at the reported averages) but retains nearly 40 m shares, signalling continued alignment. Because the trades were pre-scheduled and represent <0.5 % of his stake, I view the impact on sentiment as limited. Volume is also modest versus TEM’s average daily turnover, so technical pressure should be negligible. No operational or guidance information is included; therefore, this filing does not alter my fundamental view.
TL;DR: Routine plan-based selling; credibility unaffected.
Rule 10b5-1 plans are designed to reduce information-asymmetry concerns. The plan was put in place months before the sale, and the CEO remains a >10 % holder with board control. The multi-entity structure (Gray, Blue, GRAT, etc.) is common for estate and tax planning. Investors should monitor cumulative sales, but today’s disclosure is statistically immaterial to ownership concentration or voting power.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 16,847 | $62.16 | $1.05M |
| Sale | Class A Common Stock | 10,007 | $63.12 | $632K |
| Sale | Class A Common Stock | 4,962 | $64.09 | $318K |
| Sale | Class A Common Stock | 1,434 | $65.23 | $94K |
| Sale | Class A Common Stock | 67,388 | $62.16 | $4.19M |
| Sale | Class A Common Stock | 40,029 | $63.12 | $2.53M |
| Sale | Class A Common Stock | 19,848 | $64.09 | $1.27M |
| Sale | Class A Common Stock | 5,735 | $65.23 | $374K |
| 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 $61.65 to $62.60 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 $62.67 to $63.66 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.67 to $64.58 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.93 to $65.71 inclusive. Represents the number of shares owned after the Reporting Person contributed a portion of his shares to Blue Media, LLC.
