Company: TEM
Filing Date: 2025-02-25
Form Type: S-1
Source: 0001193125-25-034442
Chunk: 41

Company: Tempus AI, Inc.
Filing Date: 2025-02-25
Form: S-1
Chunk 41
---
 lieu thereof. RSU awards may be granted in consideration for services actually rendered to us or our affiliates or for the benefit of us or our affiliates. An RSU award may be settled in cash or by delivery of stock or other property as deemed appropriate by the board. Additionally, if provided in the award agreement, dividend equivalents may be credited in respect of shares covered by an RSU award. Except as otherwise provided in the applicable award agreement, RSU awards that have not vested will be forfeited once the participant’s continuous service ends for any reason. In general, RSU awards that have been granted under the 2015 Plan are subject to both a multi-year service-based vesting requirement and a “Liquidity Event” vesting requirement. The Liquidity Event requirement was satisfied upon the effective date of the IPO, or the Liquidity Event Date. The RSU awards vest as follows:

| • |     | No RSUs vested prior to the Liquidity Event Date. |

| • |     | If the Liquidity Event Date occurred prior to the first anniversary of the vesting start date, then, following                                                                                                         
 the Liquidity Event Date, 1/16th of the RSUs will vest for each full three months of continuous service elapsed from the first anniversary of the vesting start date, subject to the participant’s continuous service. |

| • |     | If the Liquidity Event Date occurred on or after the first anniversary of the vesting start date but prior to                                                                                                                                    
 the second anniversary of the vesting start date, then 1/4th of the RSUs will vest on the Liquidity Event Date and thereafter an additional 1/16th of the RSUs will vest for each full three months of continuous service elapsed from the first 
 anniversary of the vesting start date, subject to the participant’s continuous service.                                                                                                                                                          |

| • |     | If the Liquidity Event Date occurred after the second anniversary of the vesting start date, then 1/16th of                                                                                                                                           
 the RSUs will vest on the Liquidity Event Date for each full three months that has elapsed since the vesting start date and thereafter an additional 1/16th of the RSUs will vest for each full three months that occurs from the vesting start date, 
 subject to the participant’s continuous service.                                                                                                                                                                                                      |

We have also granted PSUs, which included both a Liquidity Event vesting requirement and a performance-vesting condition. Like the RSU awards, the Liquidity