Research Summary
AI-generated summary of this SEC filing
Seer (SEER) Director Nishar Dipchand Receives RSU Award
What Happened
Nishar Dipchand, a director of Seer, Inc. (SEER), was granted a total of 41,500 restricted stock units (RSUs) on July 28, 2026. The filing shows two awards: 16,500 shares (reported as A) and 25,000 shares reported as a derivative award (also RSU-based). Both grants were recorded at $0.00 per share (no cash paid).
Key Details
- Transaction date: July 28, 2026; Form 4 filed July 30, 2026 (filed within the typical two-business-day window).
- Grants: 16,500 RSUs + 25,000 RSU-type derivative awards = 41,500 total. Reported price: $0.00 per share. Transaction code: A (award/grant).
- Vesting: The reported RSUs vest on the earlier of (i) July 28, 2027 or (ii) the day before the issuer's next annual meeting of stockholders (per footnotes).
- Shares owned after the transaction: not provided in the information you supplied.
- No tax-withholding or cashless-sale details were disclosed in the provided filing.
Context
RSU grants are common compensation for directors and executives; they represent a promise to deliver shares if/when vesting conditions are met, rather than an immediate purchase or sale. Because these awards vest in the future, they do not reflect an immediate buy or sell decision by the insider. The derivative line reflects that the award is equity-based (RSU) rather than an exercised option.