Tempus AI executive sells shares to cover taxes
Tempus AI, Inc. executive Thomas Edward Schoenherr, CEO of Diagnostics, reported a small mandated share sale tied to tax withholding.
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Rhea-AI Filing Summary
Tempus AI, Inc. executive Thomas Edward Schoenherr, CEO of Diagnostics, reported a small mandated share sale tied to tax withholding. He sold 1,580 shares of Class A common stock in an open-market transaction at a weighted average price of $44.07 per share. The sale covered statutory tax obligations from vesting restricted stock units under the company’s equity incentive plans and was not a discretionary trade. After this transaction, he directly holds 107,029 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,580 | $44.07 | $70K |
Footnotes (2)
- F1. Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary sale by the Reporting Person.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.65 to $44.46 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.
Key Figures
Key Terms
restricted stock units financial
sell to cover financial
weighted average price financial
statutory tax withholding financial
FAQ
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What insider transaction did Tempus AI (TEM) report for Thomas Edward Schoenherr?
Was the Tempus AI (TEM) insider sale by Schoenherr a discretionary trade?
What does “sell to cover” mean in the Tempus AI (TEM) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.