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CEO Sells $930K in Stock Amidst Company Losses
22 Aug
Summary
- CEO sold shares worth $930K under a trading plan.
- Sales covered tax obligations from vested restricted stock units.
- Company reports $1.4B revenue but a $254.4M net loss.
Thomas Schoenherr, CEO of diagnostics at Tempus AI, recently sold 17,314 shares of Class A Common Stock valued at approximately $930,000. The transactions occurred on August 18 and August 19, according to an SEC Form 4 filing. These sales were executed under a Rule 10b5-1 trading plan established on March 3.
The primary driver for these sales was to fulfill non-discretionary tax withholding obligations arising from the vesting of restricted stock units. This move comes as Tempus AI operates with a trailing twelve-month revenue of $1.4 billion, yet has a net income of -$254.4 million.
Following the disposition, Schoenherr still holds 89,715 shares directly, representing a 0.05% ownership in the healthcare technology firm. The stock's performance over the preceding twelve months ending August 19 was negative, with a total return of -16% recorded.
