Company: TEM
Filing Date: 2025-02-25
Form Type: S-1
Source: 0001193125-25-034442
Chunk: 70

Company: Tempus AI, Inc.
Filing Date: 2025-02-25
Form: S-1
Chunk 70
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 other agents, in each case to the maximum extent permitted by the Delaware General Corporation Law. We have entered into indemnification agreements with our directors and executive officers, whereby we have agreed to indemnify the directors and executive officers to the fullest extent permitted by law, including indemnification against expenses and liabilities incurred in legal proceedings to which the director or executive officer was, or is threatened to be made, a party by reason of the fact that such director or executive officer is or was a director, executive officer, employee or agent of our company, provided that such director or executive officer acted in good faith and in a manner that the director or executive officer reasonably believed to be in, or not opposed to, the best interest of our company. At present, there is no pending litigation or proceeding involving a director or executive officer of us regarding which indemnification is sought, nor are we aware of any threatened litigation that may result in claims for indemnification. We maintain insurance policies that indemnify our directors and officers against various liabilities arising under the Securities Act and the Securities Exchange Act of 1934, as amended, that might be incurred by any director or officer in his or her capacity as such.

| Item 15. | Recent Sales of Unregistered Securities |

The following list sets forth information regarding all unregistered securities sold by us since January 1, 2022:

| a. | restricted stock units, or RSUs, representing 7,683,361 shares of our Class A common stock to our         
 employees, consultants and directors, having a fair market value ranging from $28.35 to $54.97 per share. |

II-1

| b. | performance-based restricted stock units, or PSUs, representing 17,450 shares of our Class A common                                                                                                                                                    
 stock to our employees, consultants and directors, having a fair market value of $32.89 per share. In July 2023, our board of directors approved the removal of the performance-vesting condition, following which the PSUs are treated as RSUs as the 
 terms of such PSUs are consistent with those of our outstanding RSUs.                                                                                                                                                                                  |

| c. | an option to purchase 210,000 shares of our Class A common stock to Revolution Growth Management                                                                                                                                                       
 Company, Inc., having an exercise price of $0.8542 per share. The option was exercised on December 11, 2024 on a cashless basis and included 4,153 shares withheld pursuant to the cashless exercise. Accordingly, we