SCHEDULE 13G: Radoff Family Foundation and Bradley L. Radoff Disclose Significant Passive Stake in Seer, Inc.

The Radoff Family Foundation and Bradley L. Radoff have jointly disclosed a combined passive beneficial ownership of 5.3% of Seer, Inc.'s Class A Common Stock.

Summary

• Bradley L. Radoff and The Radoff Family Foundation have filed a Schedule 13G, disclosing their beneficial ownership in Seer, Inc.'s Class A Common Stock.
• Bradley L. Radoff directly owns 2,370,000 shares and is deemed to beneficially own an additional 550,000 shares held by The Radoff Family Foundation, totaling 2,920,000 shares.
• This aggregate ownership represents approximately 5.3% of Seer, Inc.'s outstanding Class A Common Stock.
• The Radoff Family Foundation separately beneficially owns 550,000 shares, representing approximately 1.0% of the outstanding shares.
• The percentages are based on 54,921,591 shares outstanding as of November 4, 2024, as disclosed in Seer, Inc.'s Form 10-Q filed on November 6, 2024.
• The filing indicates that the securities were not acquired for the purpose of changing or influencing the control of Seer, Inc., signifying a passive investment.

Sentiment

Score: 6

Explanation: The disclosure of a new significant passive stake by a known investor like Bradley L. Radoff can be viewed as a positive signal, indicating confidence in the company, though it doesn't imply active engagement or immediate strategic changes.

Positives

• A significant investor, Bradley L. Radoff, has disclosed a substantial passive stake of 5.3% in Seer, Inc., which could be interpreted as a vote of confidence in the company's long-term prospects.
• The Radoff Family Foundation also holds a 1.0% stake, further demonstrating commitment from the Radoff entities.

Risks

• The filing itself does not detail specific risks related to Seer, Inc.'s operations or financial health, as it is an ownership disclosure.
• The nature of the investment is passive, meaning the reporting persons do not intend to influence control, which limits potential activist engagement.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Stakeholder Impact

• Shareholders: The disclosure of a new significant passive investor may instill confidence and potentially attract further investor interest, possibly leading to positive share price movement.
• Management: The presence of a significant passive shareholder typically does not directly impact day-to-day operations or strategic decisions, as the investor has disclaimed intent to influence control.

Key Dates

Keywords

Seer Inc., Class A Common Stock, Schedule 13G, beneficial ownership, Radoff Family Foundation, Bradley L. Radoff, SEC filing, passive investment, equity stake, ownership disclosure