Elona Kogan - Feb 6, 2024 Form 4 Insider Report for Seer, Inc. (SEER)

Role
CHIEF LEGAL OFFICER
Signature
/s/ David Horn, by power of attorney
Stock symbol
SEER
Transactions as of
Feb 6, 2024
Transactions value $
-$20,024
Form type
4
Date filed
2/23/2024, 05:32 PM
Previous filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEER Class A Common Stock Award $0 +123K +75.71% $0.00 286K Feb 6, 2024 Direct F1
transaction SEER Class A Common Stock Sale -$20K -12.7K -4.44% $1.58 273K Feb 22, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEER Employee Stock Option (right to buy) Award $0 +79.7K $0.00 79.7K Feb 6, 2024 Class A Common Stock 79.7K $1.77 Direct F3
transaction SEER Employee Stock Option (right to buy) Award $0 +140K $0.00 140K Feb 6, 2024 Class A Common Stock 140K $1.77 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are represented by restricted stock units, or RSUs, which vest in four equal annual installments beginning on February 15, 2025.
F2 The reported shares were sold to satisfy the reporting person's tax obligations in connection with the vesting of RSUs.
F3 One-fourth of the shares subject to the option vest on February 6, 2025 and 1/48th of the shares vest monthly thereafter.
F4 The option is subject to vesting requirements based upon achievement of specified performance-based criteria (the "Stock Price Hurdle") which requires that the Issuer achieve a stock price equal to or greater than 200% of the option exercise price during the period beginning on the grant date and ending on February 6, 2031 (the "Performance Period"). If the Stock Price Hurdle is achieved within the Performance Period, then one-fourth of the shares subject to the option vest on the date that achievement of the Stock Price Hurdle is certified and the remaining shares vest annually thereafter in three equal installments.