Exec sold 17,314 shares under a pre-set plan as Tempus AI stock declined 16% over the past year.
Tempus AI Inc. (NASDAQ:TEM) diagnostics CEO Thomas Edward Schoenherr sold 17,314 shares on August 18 and 19 at a weighted average price of $53.71, totaling $930,000. The transactions were executed under a Rule 10b5-1 plan adopted in March to cover tax obligations from restricted stock unit vesting.
The company reported trailing twelve-month revenue of $1.4 billion and a net loss of $254.4 million in its latest period. Tempus AI’s stock has fallen 16% over the past year, closing at $61.25 on August 19. Schoenherr retains 89,715 shares, representing a 0.05% stake in the $10.7 billion firm.
The sales occurred amid broader market volatility but were non-discretionary under the pre-arranged trading plan.