On March 13, 2026, Seer, Inc. (the "Company") entered into Amendment No. 1 to its Tax Benefit Preservation Plan (the "Amendment"). This Amendment modifies the original plan dated February 26, 2026, and is a response to a legal challenge regarding the definition of "Beneficial Ownership". The amendment aims to clarify this definition and its interaction with Treasury Regulation § 1.382-3(a)(1). The legal challenge arose from an amended complaint filed by a purported stockholder in the Delaware Court of Chancery, which questioned aspects of the plan's definition of "Beneficial Ownership". The Company believes the allegations are without merit but opted to amend the plan to avoid litigation costs. As part of the resolution, the Company has agreed to pay the plaintiff's counsel a mootness fee of $250,000, which will cover any claims for attorneys' fees, costs, and expenses associated with the Delaware Action. This development is categorized as a legal compliance issue and may have a small negative impact on the stock price due to the associated costs and the legal challenge.

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