Form 4: Seer CEO Farokhzad Converts Class B to Class A Stock

Seer, Inc. CEO and Chair Omid Farokhzad reported the automatic conversion of his Class B Common Stock into Class A Common Stock following the fifth anniversary of the company's IPO.

Summary

• Omid Farokhzad, CEO and Chair of Seer, Inc., reported changes in beneficial ownership of the company's securities.
• 1,438,057 shares of Class B Common Stock held directly were automatically converted into Class A Common Stock.
• An additional 2,117,138 shares of Class B Common Stock held indirectly through SAF-BND Trust were also automatically converted into Class A Common Stock.
• This conversion was automatic and occurred on December 9, 2025, the first day following the fifth anniversary of Seer's initial public offering, as stipulated by the company's amended and restated certificate of incorporation.
• Following these transactions, Farokhzad directly beneficially owns 2,676,287 shares of Class A Common Stock.
• Indirect beneficial ownership of Class A Common Stock through SAF-BND Trust stands at 2,117,138 shares, though the reporting person disclaims beneficial ownership except for any pecuniary interest.
• 1,303,478 shares previously held by Dynamics Group LLC, where the reporting person serves as the sole member, were re-registered on September 25, 2024, and are now held directly by the reporting person.

Sentiment

Score: 5

Explanation: The filing reports an automatic, pre-scheduled conversion of stock, which is a neutral event in itself. It reflects adherence to corporate governance but does not indicate positive or negative operational performance or strategic shifts.

Positives

• The automatic conversion aligns with the company's established corporate governance documents (amended and restated certificate of incorporation), indicating adherence to pre-defined structural changes.

Related Party Transactions

• Re-registration of 1,303,478 shares from Dynamics Group LLC (where the reporting person is the sole member) to the reporting person on September 25, 2024.
• Indirect beneficial ownership of 2,117,138 shares through SAF-BND Trust, for which the reporting person's spouse serves as trustee. The reporting person disclaims beneficial ownership except for any pecuniary interest therein.

Stakeholder Impact

• Shareholders: The conversion of Class B to Class A stock simplifies the capital structure, potentially increasing liquidity for the converted shares.

Key Dates

Keywords

Seer Inc, SEER, Omid Farokhzad, Class A Common Stock, Class B Common Stock, Stock Conversion, Insider Transaction, Form 4, Beneficial Ownership