Company: TEM
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001193125-25-067098
Chunk: 76

Company: Tempus AI, Inc.
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 76
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 at the time of such transaction, or any member of the immediate family of, or person sharing the household with, the foregoing persons, had or will have a direct or indirect material interest. |

Special Payment to Series G-4Convertible Preferred Stockholders In October 2023, we sold an aggregate of 785,245 shares of our Series G-4convertible preferred stock at a price per share of $57.3069 for an aggregate purchase price of approximately $45.0 million in private placements to accredited investors, including 348,998 shares to Scottish Mortgage Investment Trust plc, an entity controlled by Baillie Gifford & Co., a holder of more than 5% of our capital stock, for an aggregate purchase price of approximately $20.0 million. In connection with our IPO in June 2024, pursuant to the terms of our Series G-4preferred stock, each share of Series G-4preferred stock converted into a number of shares of our Class A common stock equal to (i) $57.3069 per share, plus any accrued and unpaid dividends on such share, divided by $31.45, which represented 85% of the public offering price in our IPO. The holders of our Series G-4convertible preferred stock were entitled to paid-in-kinddividends at a rate of 5.25% of the original issue price, payable in shares of Series G-4convertible preferred stock. In addition, in July 2024, we paid an aggregate of approximately $2.3 million to former holders of Series G-4preferred stock, including Scottish Mortgage Investment Trust plc, because pursuant to the terms of the Series G-4preferred stock, each holder was entitled to an amount equal to 5% of the per share price for each share of Series G-4preferred stock purchased by such holder, in the event that following our IPO, the average of the last trading price on each trading day during the ten day trading period beginning on the first day of trading of our Class A common stock is less than 110% of the price per share of Class A common stock sold in our IPO. The holders of our Series G-4preferred stock are also entitled to specified registration rights. See Exhibit 4.2 (Description of Registrant’s Securities) to our Annual Report on Form 10-Kfor the year ended December 31, 2024 (the “Description of Securities”) for additional information regarding these registration rights. Cash Dividend Payment On June