Seer, Inc. (SEER) director reports 4,088-share Class B to A conversion
Rhea-AI Filing Summary
Seer, Inc. reported an insider transaction by a director involving the automatic conversion of 4,088 shares of Class B Common Stock into 4,088 shares of Class A Common Stock on 12/09/2025, coded as a conversion transaction. This occurred under the company’s amended and restated certificate of incorporation, which provides for each Class B share to convert into one Class A share on the first day following the fifth anniversary of the closing of Seer’s initial public offering.
After this transaction, the director is shown as beneficially owning 215,070 Class A shares indirectly through Strong Bridge, LLC, where the director serves as an operating manager, plus 112,066 Class A shares held directly and 78,947 Class A shares held indirectly through Polaris Founders Capital Fund I, L.P. The filing notes that the director and related entities disclaim beneficial ownership of the Polaris-held shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 4,088 | $0.00 | -- |
| Conversion | Class A Common Stock | 4,088 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A 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 Strong Bridge, LLC for which the Reporting Person serves as an operating manager. The reported shares are held of record by Polaris Founders Capital Fund I, L.P. ("PFCF I"). Polaris Founders Capital Management Co. I, L.L.C. ("PFCM"), is the general partner of PFCF I. The Reporting Person and Jonathan A. Flint ("Flint") are the managing members of PFCM. Each of the Reporting Person and Flint in their respective capacities with respect to PFCM may be deemed to have shared voting and dispositive power with respect to the shares held by PFCF I. Each of PFCM, Flint, and the Reporting Person disclaims beneficial ownership of securities held by PFCF I, and this report shall not be deemed an admission that the Reporting Person, Flint, or PFCM is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
FAQ
What insider transaction did Seer, Inc. (SEER) report in this Form 4?
The filing shows that a Seer, Inc. director had 4,088 shares of Class B Common Stock automatically convert into 4,088 shares of Class A Common Stock on 12/09/2025, reported as a conversion transaction.
What happened to the derivative securities linked to Seer, Inc. Class B Common Stock?
The filing lists Class B Common Stock as a derivative security that converted on 12/09/2025, with 4,088 underlying Class A shares and an exercise price of $0. After the conversion, the number of these derivative securities beneficially owned is shown as 0.