Company: TEM
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025603
Chunk: 467

Company: Tempus AI, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 2
Chunk 467
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        8,530

        —

        —

        Technology research and development

        58,473

        —

        —

        Research and development

        47,638

        —

        —

        Selling, general and administrative

        405,872

        —

        —

        Total stock-based compensation
         
        $
        534,138

        $
        —

        $
        —

       As of December 31, 2024, there was $151.6 million of unrecognized stock compensation expense relating to RSUs, respectively.Stock OptionsOptions granted pursuant to the Plan vest on varying schedules, based upon individual agreements. The fair value of each option granted is estimated on the date of grant using the Black-Scholes option-pricing model. The estimated life for the stock options was based on the term of the agreement. The risk-free interest rate is based on the rate for a U.S. government security with the same estimated life at the time of the option grant and the stock purchase rights. 

        Number of Options

        Exercise Price Ranges

        Weighted-Average Exercise Price

        Outstanding at December 31, 2023

        210,000

        $
        0.85

        $
        0.85

        Granted

        —

        $
        —

        $
        —

        Exercised

        (210,000
        )
         
        $
        0.85

        $
        0.85

        Forfeited

        —

        $
        —

        $
        —

        Outstanding at December 31, 2024

        —

        $
        —

        $
        —

        Options exercisable at December 31, 2024

        —

        $
        —

        $
        —

       The 210,000 stock options were exercised in 2024. The Company issued 205,847 shares of Class A common stock upon the net exercise of the stock option. The outstanding stock options were fully expensed prior to 2020. As such, no stock compensation expense relating to stock options was recorded in the years ended December 31, 2024, 2023 and 2022. Restricted Stock AwardsThe Company has previously granted restricted stock awards to employees. Compensation expense on those awards was recognized on a straight-line basis over the requisite service periods of the awards, typically three to four years. 

        Restricted

        Unrestricted

        Total

        Weighted - Average Grant Date Fair Value