Eric P. Lefkofsky - Jun 13, 2024 Form 4 Insider Report for Tempus AI, Inc. (TEM)

Signature
/s/ Erik Phelps, Attorney-in-Fact
Stock symbol
TEM
Transactions as of
Jun 13, 2024
Transactions value $
-$1,374,476
Form type
4
Date filed
6/17/2024, 09:45 PM
Previous filing
May 15, 2024
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEM Class A Common Stock Award $0 +5.62M $0.00 5.62M Jun 13, 2024 Direct F1
transaction TEM Class A Common Stock Tax liability -$1.37M -37.1K -0.66% $37.00* 5.58M Jun 14, 2024 Direct F2
transaction TEM Non-Voting Common Stock Conversion of derivative security -1.4M -100% 0 Jun 17, 2024 Direct F3
transaction TEM Class A Common Stock Conversion of derivative security +1.4M +25.09% 6.98M Jun 17, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of previously granted restricted stock units ("RSUs") for which the liquidity event-based condition was satisfied upon the effectiveness of the registration statement on Form S-1 filed by the Issuer in connection with the Issuer's initial public offering, as well as, a grant of RSUs made in connection with the Issuer's initial public offering. Certain of the RSUs remain subject to service-based vesting conditions, as follows: (i) 912,375 RSUs vest in three equal quarterly installments commencing on August 1, 2024 and (ii) 750,000 RSUs vest in 20 equal quarterly installments commencing on September 13, 2024.
F2 Represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock units.
F3 Each share of Non-Voting Common Stock automatically converted into one share of Class A Common Stock upon the closing of the Issuer's initial public offering of Class A Common Stock.