The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today

Bradley L. Radoff and Michael Torok (together with certain of their affiliates, the “Radoff-JEC Group” or “we”), who collectively own approximately 7.7% of the outstanding shares of Seer, Inc. (NASDAQ: SEER) (“Seer” or the “Company”), today issued the following statement.

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Source: FactSet, Company proxy statements. Graph and figures are from December 4, 2020 through December 31, 2025.

• Seer’s Board of Directors (the “Board”) has destroyed value for stockholders while enriching Company insiders:
  • The Company has posted a -97.0% share price decline since its December 2020 IPO.¹

  • Seer has generated cumulative reported losses exceeding $465 million since its IPO.²

  • Seer has delivered virtually no revenue growth over the last three fiscal years, while investing over $160 million.³

  • The Board has rewarded Chairman and CEO Omid Farokhzad, M.D. with nearly $37 million in cumulative compensation while a stockholder who purchased one share at the time of the IPO ($19.00) would be left with less than $0.63.⁴

• Seer has no plan to create stockholder value under Chairman and CEO Omid Farokhzad, M.D.:
  • Dr. Farokhzad has destroyed more than $1 billion in investor capital across five separate companies, evidence supporting our belief that he is incapable of turning around Seer.⁵

  • The strategic plan overseen by the Board anticipates Seer will not achieve profitability until 2031.⁶

  • The Board rejected our three proposals to acquire Seer for premiums of 33% – 42% to its unaffected share price and a contingent value right – proposals which we believe provide substantially greater certainty of value creation than the Company’s current strategic plan – without even engaging with us.

• Seer’s Board has not responded to our proposal to settle this proxy contest:
  • On June 15, 2026, we proposed to end our ongoing proxy contest in exchange for Seer adopting governance enhancements and conducting a tender offer for 20 million shares at $2.50 per share, which would be in line with the Board’s authorized buyback program and management’s statements that there is a “significant dislocation” in the Company’s share price.⁷

  • More than a week later, the Board has still not responded to our settlement offer – which it requested in the first place – demonstrating that its priority is not delivering value or governance improvements for stockholders.

  • Instead of focusing on opportunities to maximize value for stockholders as Seer’s share price has consistently traded at a significant discount to net cash, the Board has diluted stockholders by repeatedly issuing large grants of restricted stock units and in-the-money options to Dr. Farokhzad and President and CFO David Horn.

Vote FOR the Radoff-JEC Group’s Nominees – Howard H. Berman, Ph.D., Joshua S. Horowitz and Luis E. Rinaldini – Today to Prevent Further Value Destruction

Do NOT Vote for Omid Farokhzad, M.D., Terrance McGuire or Dipchand (Deep) Nishar

Questions about how to vote? Contact (888) 368-0379 or info@saratogaproxy.com.

Visit www.SaratogaProxy.com/SEER to learn more.

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