Red Sky Ventures LLC sold 1,950,000 shares of TEM for $79,762,500.00 on 2024-12-11; stock down 45.9% from 52-week high.
Red Sky Ventures LLC, a 10% owner, executed 2 separate sales totaling 1,950,000 shares on 2024-12-11 at blended average price $40.90, raising $79,762,500.00. The transaction reduced Red Sky's stake from 16,560,249 shares to 14,610,249 shares, a reduction of 11.8% of pre-transaction holdings. This sale occurs as Tempus AI trades at $41.99, representing a 45.9% decline from its 52-week high of $77.62 and a 38.3% drop over the preceding 30 days. Against this backdrop of significant price deterioration, the company reported negative net income of $-75,840,000.00 in its latest quarter, indicating substantial operating losses. The combination of a major shareholder liquidating a meaningful percentage of their position amid sharp stock decline and negative earnings merits investor scrutiny of the company's operational trajectory and capital efficiency.