secwatch.observer — SEC 8-K summary
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Issuer:     Seer, Inc. (SEER)
CIK:        0001726445
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0000950170-24-112982
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Seer reprices ~7.9M underwater options to $2.00; CEO/CFO affected
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- Board approved repricing of ~7.9M underwater options (original strike $2.08-$60.15) to $2.00 per share.
- CEO Omid Farokhzad repriced options on 2,732,470 shares; CFO David Horn on 1,140,454 shares.
- Performance-based options with $6.89 hurdle amended to $3.00 (150% of $2.00) for 790,000 shares.
- Repriced options have retention period through Apr 4, 2026; early exercise triggers original premium price.
- Board decided no additional equity awards in 2025 to executive officers SVP and above.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1726445/000095017024112982/0000950170-24-112982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1726445/000095017024112982/ck0001726445-20241004.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-112982

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer