Horn David R. 4

What Happened

• David R. Horn, President and Chief Financial Officer of Seer, Inc. (SEER), was granted two equity awards on February 3, 2026: 79,000 restricted stock units (RSUs) and 119,000 derivative awards. Both were reported at an acquisition price of $0.00. Total awards equal 198,000 units. These are grants/awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (appears timely under the standard two-business-day rule).
• Price: $0.00 reported for both awards (typical for compensation grants).
• Vesting (per footnotes):
  • RSUs (79,000): vest in 16 equal quarterly installments beginning May 15, 2026 (16 quarters = 4 years).
  • Derivative award (119,000): 1/4 vests on Feb 3, 2027, then 1/48 of the total vests each month thereafter (standard 4‑year schedule: 25% at one year, then monthly thereafter).
• Shares owned after the transaction: not specified in the provided filing.
• Note: “Derivative” indicates an option-like award that converts to shares as it vests/exercised; the Form 4 reports the grant, not an immediate share sale or purchase.

Context

• These are compensation awards, which are common for executive pay and vest over time; they do not represent an immediate cash outlay by the insider. Such grants will only become actual shares (and potentially create dilution) as they vest and any exercise/settlement conditions are met. This filing is informational and does not by itself indicate the insider’s view on the company’s stock.