Company: TEM
Filing Date: 2025-02-25
Form Type: S-1
Source: 0001193125-25-034442
Chunk: 21

Company: Tempus AI, Inc.
Filing Date: 2025-02-25
Form: S-1
Chunk 21
---
 of $50,000 (plus an additional $12,500 for the               
 non-executive chair or lead independent director of our board of directors, if any); |

| • |     | an additional annual cash retainer of $12,500 for service as a member of the audit committee, compensation 
 committee and the nominating and corporate governance committee;                                           |

| • |     | an initial RSU grant having a grant date fair value of $500,000 on the date of each such non-employee director’s appointment to our board of directors; |

| • |     | a refresh RSU grant having a grant date fair value of $500,000 on the fifth anniversary of such non-employee director’s initial RSU grant or initial public offering grant, as described below; as applicable; and |

| • |     | an annual RSU grant having a grant date fair value of $125,000 on the date of each of our annual stockholder 
 meetings.                                                                                                    |

Under the non-employee director compensation policy, all annual cash compensation amounts will be payable in equal quarterly installments in arrears, on the last day of each fiscal quarter in which the service occurred. In addition, each non-employee director may elect on an annual basis to receive all or a portion of his or her eligible cash compensation in the form of RSUs, which will generally vest in substantially equal quarterly installments on the last day of each fiscal quarter over the number of quarters to which the election applies, subject to the director’s continuous service to us through each applicable vesting date. 14

In connection with our IPO and effective as of the IPO Date, we granted each
of our non-employee directors 13,514 RSUs representing a grant date fair value of $500,000. Each such RSU grant vests in substantially equal quarterly installments over the five-year period that commenced on September 13, 2024, subject to the
director’s continuous service to us through each vesting date.

Each of the RSU grants described above under the non-employee director compensation policy has been, or will be, granted under our 2024 Plan, the terms of which are described in more detail above under the section titled “—Equity Incentive
Plans—2024 Equity Incentive Plan.” Each of the initial RSU grants and grants made in connection with our IPO, as applicable, will vest in substantially equal quarterly installments over a five-year period, subject to the director’s