Radoff Foundation Holds 190k SEER Shares; Bradley Totals 1.399M
Rhea-AI Filing Summary
Seer, Inc. reporting shows the Radoff Family Foundation directly owns 190,000 Class A shares and a Charitable Account holds 30,000 shares. Bradley L. Radoff is reported as directly owning 1,179,422 shares in Item 4, and when combined with the Foundation and Charitable Account holdings he is associated with 1,399,422 shares, representing approximately 2.6% of Seer’s ~54.8 million outstanding Class A shares. The filing indicates Mr. Radoff has sole voting and dispositive power over the majority of his direct holdings and shared power over the 190,000 Foundation shares.
The document contains an apparent inconsistency: the cover page lists sole voting/dispositive power as 1,209,422 for Mr. Radoff while Item 4 reports 1,179,422 directly owned shares; the filing does not reconcile this difference.
Positive
- Aggregate beneficial ownership disclosed: Bradley L. Radoff associated with 1,399,422 shares (~2.6%) of Seer Class A common stock.
- Foundation and charitable holdings disclosed: Radoff Family Foundation directly owns 190,000 shares (~0.3%) and a Charitable Account holds 30,000 shares (~0.1%).
Negative
- Inconsistent share figures: The cover page lists 1,209,422 sole voting/dispositive power while Item 4 reports 1,179,422 directly owned shares; no reconciliation is provided.
Insights
TL;DR: Bradley L. Radoff is associated with ~2.6% of Seer, totaling 1,399,422 shares; below a 5% control threshold.
The disclosure reports aggregate beneficial ownership of 1,399,422 Class A shares, representing roughly 2.6% of 54,801,253 outstanding shares cited in the filing. That stake is material for transparency but is below common 5% investor-control thresholds and therefore unlikely to represent a direct change in control. Investors should note the filing is a passive disclosure of holdings rather than a transaction or governance action. The filing also shows a reporting inconsistency between the cover page and Item 4 that warrants clarification.
TL;DR: The filing shows adviser and director roles could create deemed beneficial ownership; inconsistent figures raise a disclosure-quality issue.
The statement clarifies that Mr. Radoff serves as a director of the Radoff Family Foundation and as an adviser to a donor-advised Charitable Account, roles that the filing notes may create deemed beneficial ownership of foundation and charitable shares. The reporting includes an explicit disclaimer of ownership for shares not directly owned. Importantly, the cover page and Item 4 list different figures for Mr. Radoff's directly owned/sole-power shares, which is a governance disclosure inconsistency the issuer or filers should reconcile to ensure accurate public records.