Tempus AI Executive Offloads 51,000 Shares as Stock Trades Near $74 High
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Erik Phelps, EVP & Chief Admin & Legal Officer of Tempus AI, executed significant stock sales on June 16, 2025, through a pre-planned Rule 10b5-1 trading arrangement established on September 6, 2024.
The transactions involved a total disposition of 51,317 shares of Class A Common Stock in multiple trades:
- 29,333 shares at average price of $72.01
- 11,186 shares at average price of $72.74
- 8,898 shares at average price of $73.76
- 1,900 shares at average price of $74.41
Following these transactions, Phelps retains direct beneficial ownership of 97,779 shares. The sales were executed at progressively higher price points ranging from $71.28 to $74.55, suggesting favorable market conditions during the trading window.
Positive
- None.
Negative
- EVP & Chief Admin & Legal Officer sold 51,317 shares (34.4% of holdings) through planned 10b5-1 sales at prices ranging from $71.28 to $74.55, reducing position to 97,779 shares
Insider Trade Summary
Net Seller: 51,317 shares ($3,723,634)
Net Sell
4 txns
Insider
Phelps Erik
Role
EVP & Chief Admin & Legal Off
Sold
51,317 shs ($3.72M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 29,333 | $72.01 | $2.11M |
| Sale | Class A Common Stock | 11,186 | $72.74 | $814K |
| Sale | Class A Common Stock | 8,898 | $73.76 | $656K |
| Sale | Class A Common Stock | 1,900 | $74.41 | $141K |
Holdings After Transaction:
Class A Common Stock — 119,763 shares (Direct)
Footnotes (1)
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 6, 2024. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.28 to $72.27 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), (3), (4) and (5). The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.28 to $73.27 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.28 to $74.25 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.28 to $74.55 inclusive.
FAQ
Was Erik Phelps's TEM stock sale part of a pre-planned trading arrangement?
Yes, the transactions were made pursuant to a Rule 10b5-1 trading plan that was adopted by Phelps on September 6, 2024, as indicated in footnote 1 of the filing.
What is Erik Phelps's position at TEM (Tempus AI, Inc.)?
Erik Phelps serves as Executive Vice President (EVP) & Chief Administrative & Legal Officer at Tempus AI, Inc.