Seer (NASDAQ: SEER) CEO details automatic Class B to Class A conversion
Rhea-AI Filing Summary
Seer, Inc. disclosed that its CEO, chair and director converted Class B Common Stock into Class A Common Stock on 12/09/2025. Under the company’s amended and restated certificate of incorporation, each Class B share automatically converted into one Class A share on the first day following the fifth anniversary of the company’s initial public offering.
The reporting person received 1,438,057 Class A shares directly and now holds 2,676,287 Class A shares in direct ownership. A further 2,117,138 Class B shares converted into the same number of Class A shares held indirectly through SAF-BND Trust, for which the reporting person’s spouse serves as trustee, with beneficial ownership disclaimed except to the extent of any pecuniary interest. All reported Class B derivative positions now show a zero balance after the conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,438,057 | $0.00 | -- |
| Conversion | Class B Common Stock | 2,117,138 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,438,057 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,117,138 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Pursuant to the Issuer's amended and restated certificate of incorporation, as amended, each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock at the close of business on the first day following the fifth anniversary of the closing of the Issuer's initial public offering. The reported shares are held of record by SAF-BND Trust for which the reporting person's spouse serves as trustee. The reporting person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Includes 1,303,478 shares previously reported as held of record by Dynamics Group LLC for which the reporting person serves as the sole member ("Dynamics") which were re-registered on September 25, 2024 and are now held of record by the reporting person. Excludes 1,303,478 shares previously reported as held of record by Dynamics which were re-registered on September 25, 2024 and are now held of record by the reporting person. The reported shares were held of record by Dynamics.
FAQ
What insider transaction did Seer (SEER) report in this Form 4?
The filing shows that the company’s CEO, chair and director reported an automatic conversion of Class B Common Stock into Class A Common Stock on 12/09/2025, pursuant to Seer’s amended and restated certificate of incorporation.
What indirect Seer holdings are reported in this Form 4?
The report lists 2,117,138 shares of Class A Common Stock held indirectly through SAF-BND Trust, for which the reporting person’s spouse serves as trustee. Beneficial ownership of these securities is disclaimed except to the extent of any pecuniary interest.
What happened to the reporting person’s Class B Common Stock in Seer (SEER)?
Each share of Class B Common Stock automatically converted into one share of Class A Common Stock under Seer’s charter, and the reported Class B derivative positions now show zero balance following the 12/09/2025 conversion.
Was there a cash exercise price for the Seer Class B to Class A conversion?
Table II shows the conversion or exercise price of the Class B derivative securities as $0, indicating the automatic conversion into Class A Common Stock did not involve a stated cash exercise price.