Braden M Leonard Discloses 4.7% Stake in Seer, Inc.
The filing says Leonard sent Seer's board a letter expressing disappointment in its decision to remain a public company.
Braden M Leonard reported beneficial ownership of 2,600,490 shares of Seer, Inc., or 4.7% of its common stock, according to a Schedule 13D filed with the US Securities and Exchange Commission on Nov. 2.
The filing is made jointly with BML Investment Partners, L.P., which it says owns 2,180,490 shares, or 3.9%, while Leonard owns 420,000 shares, or 0.7%. BML Investment Partners' sole general partner is BML Capital Management, LLC, whose managing member is Leonard, so Leonard is deemed the indirect owner of the partnership's shares, according to the filing. The filing gives Nov. 2 as the date of the event that required it.
In the section on the purpose of the transaction, the filing says:
"On November 2, the Reporting Person sent a letter to the Board expressing disappointment in the Board's decision to remain a public company."
The letter is listed as an exhibit to the filing.
The reporting persons disclaim that they constitute a statutory group under SEC rules, the filing says. It reports no transactions in Seer shares in its section on recent trading.