Seer amends Tax Benefit Preservation Plan, pays $250K mootness fee to settle suit

Seer, Inc.

Amended definition of 'Beneficial Ownership' in Tax Benefit Preservation Plan to address stockholder lawsuit.
Lawsuit Taylor v. Farokhzad (Del. Chancery) challenged Plan's definition; company believes allegations meritless.
Agreed to pay $250,000 mootness fee to avoid litigation costs; Delaware Action to be dismissed as moot.
Amendment clarifies interaction with Treasury Regulation § 1.382-3(a)(1); effective March 13, 2026.
Settlement fully satisfies all claims for attorneys' fees, costs, and expenses in the Delaware Action.

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