The selling cluster is small in dollar terms and involves a director and a divisional CEO at similar prices, suggesting routine liquidity or 10b5-1 plan activity rather than a coordinated negative signal. Monitor for any material corporate update (earnings, guidance, deal) in the next 7-14 days; without such a catalyst, this cluster does not warrant a position change.
Price Chart
Executive Summary
Tempus AI insiders sold ~$1.16M in shares over the past week, led by CEO of Data Ryan Fukushima ($1.00M at $50.04) and Director Nadja West ($162K at $53.90). The cluster is 100% selling with no insider purchases, and the $1.16M total represents ~0.012% of TEM's $9.3B market cap — a trivial amount. No non-cash transactions distort the reading. Given the small proportionality and the academic finding that cluster sales are not informative on average (liquidity/10b5-1 patterns), the bearish signal is weak.
Key Financial Metrics
Key Facts
- CEO of Data Ryan Fukushima sold 20,000 shares at $50.04, totaling $1.00M on 2026-08-07.
- Director Nadja West sold 3,000 shares at $53.90, totaling $161,700 on 2026-08-14.
- Total insider cluster sales: ~$1.16M — 0.012% of TEM's $9.3B market cap (trivial proportionality).
- No open-market purchases in the cluster; all cash transactions are sells.
- No non-cash transactions (A, F, M, C, G) distort the cluster reading.
Financial Impact
Total insider selling of $1.16M, representing 0.012% of market cap — negligible cash impact.
Risk Factors
- Insider selling could amplify if further weakness in TEM stock triggers additional sales from other executives.
- No insider buying to offset the selling cluster — lack of conviction sign from those closest to operations.
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-1787121113442 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 28d ago | Insider Cluster | $64.62 $62.21 | ▼ −3.73% | ▼ −2.52% | $76.41 (+18.25%) |
Sep 3, 2026 28d ago | Insider Cluster | $64.62 $62.21 | ▼ −3.73% | ▼ −2.52% | $76.41 (+18.25%) |
Sep 1, 2026 4w ago | Insider Cluster | $62.27 $61.28 | ▼ −1.59% | ▼ −1.67% | $76.41 (+22.71%) |
Aug 28, 2026 5w ago | Insider Cluster | $64.04 $64.62 | ▼ −0.91% | ▼ −0.80% | $76.41 (−19.32%) |
Aug 25, 2026 5w ago | 144 | $68.48 $61.94 | ▲ +9.55% | ▲ +9.43% | $76.41 (−11.58%) |
Aug 25, 2026 5w ago | Insider Cluster | $68.73 $62.27 | ▼ −9.40% | ▼ −8.86% | $76.41 (+11.17%) |
Aug 21, 2026 6w ago | Insider Cluster | $72.69 $64.04 | ▲ +11.90% | ▲ +12.37% | $76.41 (−5.12%) |
Aug 19, 2026 6w ago | 144 | $66.65 $70.69 | ▲ +6.06% | ▲ +4.95% | $76.41 (+14.64%) |
Aug 18, 2026 6w ago | Insider Cluster | $49.36 $68.73 | ▼ −39.24% | ▼ −39.44% | $76.41 (−54.80%) |
Aug 11, 2026 7w ago | Insider Cluster | $55.69 $49.36 | ▼ −11.37% | ▼ −10.96% | $76.41 (+37.21%) |
US Market Status
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