Here's some fun "investigative" research for you (and my last tweet on $TEM for a while): many reasons for the massive post-lock up expiry selling pressure that has led to outsized vol - but beyond the obvious likely sells from VCs (NEA, Novo, Softbank each have 3-5% stakes), an entity called Red Sky Ventures was a >10% insider that then sold $80m worth of shares post lock-up and brought ownership down to ~9.6%. Red Sky Ventures is solely owned by Kimberly Keywell - she is the ex-wife of Bradley Keywell, an early investor and >10% owner of TEM. He used to own more, but Kim took half of his TEM stake after their divorce in 2021. At the IPO price, her 9.6% stake is worth north of $500M. But I can imagine she's a highly motivated seller and has been indiscriminately selling since the lock-up -- and as a sub-10% owner, she no longer has to file for each sale. 

$500M to sell from an ex-wife that has 0 care about price/value and wants to simply liquidate prob explains the outsized selling volume we've seen. Good news is this should hopefully wash out soon! Thanks Bradley.