The CEO's $1.0M sale is likely diversification following the post-earnings stock strength and is not a material signal given the tiny fraction of market cap. Monitor for any follow-on larger sales or a pattern of sustained insider selling at higher prices, but this single cluster does not warrant action.
Price Chart
Executive Summary
Tempus AI CEO (Data) Ryan Fukushima sold $1.0M in open-market shares at ~$50.04, and Director David Epstein sold $16K, within 13 days of a strong Q2 earnings beat that included the first GAAP net income quarter and raised guidance. The CEO sale is large in absolute terms but represents ~0.01% of the $10B market cap—trivial relative to company size. The cluster is entirely sells with no buys, but the dollar amount is not material enough to signal a bearish view, especially given the recent positive earnings catalyst and the fact that the CEO's sale may be diversification after a stock price run-up post-earnings. The historical calibration shows past bullish calls on TEM have underperformed significantly (avg -25.5% at T+20), but this filing is a sell cluster, not a bullish call, so the calibration is less directly applicable. The cross-filing actuarial verdicts show amplifiers for cluster-earnings-context + cluster-insider-trades, but the proportionality check overrides—the dollar amount is too small to warrant an elevated score. Sentiment is neutral, impact is low.
Key Financial Metrics
Key Facts
- CEO (Data) Ryan Fukushima sold 20,000 shares for $1.0M on 2026-08-07 at $50.04
- Director David Epstein sold 370 shares for $16K on 2026-08-03 at $43.40
- Total cluster value of $1.02M represents ~0.01% of TEM's $10B market cap
- Cluster occurred 13 days after Q2 2026 earnings beat (revenue $382.5M, first GAAP net income of $5.6M, raised guidance)
- No insider purchases in the cluster—all sells
Financial Impact
Total insider sales of $1.02M, or ~0.01% of market cap—trivial and routine
Risk Factors
- CEO sold near a post-earnings high, which could precede further selling if the stock continues to rally
- No insider buying to signal confidence after the strong quarter
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TEM-1786526149445 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 28d ago | Insider Cluster | $64.62 $62.21 | ▼ −3.73% | ▼ −2.52% | $76.03 (+17.65%) |
Sep 3, 2026 28d ago | Insider Cluster | $64.62 $62.21 | ▼ −3.73% | ▼ −2.52% | $76.03 (+17.65%) |
Sep 1, 2026 4w ago | Insider Cluster | $62.27 $61.28 | ▼ −1.59% | ▼ −1.67% | $76.03 (+22.09%) |
Aug 28, 2026 5w ago | Insider Cluster | $64.04 $64.62 | ▼ −0.91% | ▼ −0.80% | $76.03 (−18.71%) |
Aug 25, 2026 5w ago | 144 | $68.48 $61.94 | ▲ +9.55% | ▲ +9.43% | $76.03 (−11.02%) |
Aug 25, 2026 5w ago | Insider Cluster | $68.73 $62.27 | ▼ −9.40% | ▼ −8.86% | $76.03 (+10.61%) |
Aug 21, 2026 6w ago | Insider Cluster | $72.69 $64.04 | ▲ +11.90% | ▲ +12.37% | $76.03 (−4.59%) |
Aug 19, 2026 6w ago | 144 | $66.65 $70.69 | ▲ +6.06% | ▲ +4.95% | $76.03 (+14.07%) |
Aug 18, 2026 6w ago | Insider Cluster | $49.36 $68.73 | ▼ −39.24% | ▼ −39.44% | $76.03 (−54.02%) |
Aug 11, 2026 7w ago | Insider Cluster | $55.69 $49.36 | ▼ −11.37% | ▼ −10.96% | $76.03 (+36.51%) |
US Market Status
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