UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On September 5, 2024, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of Tempus AI, Inc. (the “Company”) elected to defer the settlement of approximately 4,469,400 restricted stock units (“RSUs”) held by Eric Lefkofsky, the Company’s Chief Executive Officer. The RSUs subject to deferral vested in connection with the Company’s initial public offering (“IPO”) or vest during the IPO lock-up period, which expires on December 10, 2024. The Compensation Committee deferred such settlement until the period of time commencing on January 15, 2025 and ending on or before March 15, 2025 (the “Deferred Settlement Period”). It is expected that the Company will satisfy the tax withholding and remittance obligations related to such settlements through the sale of approximately 1,915,988 shares of Class A common stock (assuming a 42% tax rate) in one or more mandatory sell-to-cover transactions during the Deferred Settlement Period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Tempus AI, Inc. | ||||||
| Dated: September 6, 2024 | ||||||
| By: | /s/ James Rogers | |||||
| James Rogers | ||||||
| Chief Financial Officer | ||||||