Form 4: Seer Director Dipchand Nishar Sells Over 30,000 Shares Under Pre-Arranged Trading Plan

Seer, Inc. Director Dipchand Nishar has sold 30,253 shares of Class A Common Stock for approximately $62,937, pursuant to a Rule 10b5-1 trading plan.

Summary

• Dipchand Nishar, a Director of Seer, Inc. (SEER), sold 30,253 shares of the company's Class A Common Stock.
• The transaction occurred on June 13, 2025.
• The shares were sold at a weighted average price of $2.0803 per share, with prices ranging from $2.055 to $2.10.
• The total value of the shares sold was approximately $62,937.58 (30,253 shares * $2.0803/share).
• Following this transaction, Mr. Nishar directly beneficially owns 49,204 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan, which was adopted by Mr. Nishar on September 4, 2024.

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by a director, even if pre-planned, typically carries a slightly negative sentiment as it reduces insider alignment and could be perceived as a lack of strong conviction in the company's near-term prospects.

Negatives

• A director selling a significant number of shares, even under a pre-arranged plan, can be perceived negatively by investors as it reduces insider ownership and alignment with shareholder interests.

Risks

• Potential negative investor sentiment regarding insider selling, which could put downward pressure on the stock price.
• Reduced alignment of the director's personal financial interests with the long-term performance of the company due to decreased share ownership.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2024.
• The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Industry Context

Insider stock sales, particularly by directors, are a common occurrence in publicly traded companies. While sales under Rule 10b5-1 plans are pre-scheduled and designed to avoid accusations of trading on material non-public information, they still represent a reduction in insider ownership, which can be interpreted by the market as a lack of confidence or a move towards diversification.

Stakeholder Impact

• Shareholders: May interpret the director's sale as a negative signal, potentially leading to concerns about future stock performance or management's confidence.

Next Steps

• The reporting person has undertaken to provide full information regarding the number of shares sold at each separate price upon request from the Issuer, any security holder, or the SEC staff.

Key Dates

Recommendation

Keywords

Seer Inc, SEER, Form 4, Insider Trading, Stock Sale, Director, Rule 10b5-1, Equity Transaction, Beneficial Ownership