Company: STAA
Filing Date: 2025-10-09
Form Type: DFAN14A
Source: 0001213900-25-097833
Chunk: 4

Company: STAAR SURGICAL CO
Filing Date: 2025-10-09
Form: DFAN14A
Chunk 4
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 some probabilityof
harming someone else, then you will probabilistically get sued, and if you are a responsible modern American business with a normal cautious
board of directors, you will prepare for that by buying insurance. Your hypothetical future probability of harming someone becomes a real
cost to you today: You have to pay for the insurance, and the insurance company will have some model to estimate how probable and expensive
the harm might be and will charge you accordingly. The more probabilistically harmful your business is in the future, the more expensive
it is to operate today. Not perfectly — there are many unnoticed or mispriced risks and many businesses that are undercapitalized
for the risks they face — but in broad theory.

And so if you go around saying “we are building
a product that has a 20% chance of wiping out humanity, tee hee,” and then the next day you go to your insurance broker and inquire
about pricing for wipe-out-humanity insurance, your broker will say “let’s see, 20% times all of the wealth in the world equals
more than you’ve got,” and you won’t get the insurance, and you’ll go back to your board and say “bad news
we can’t get insurance for our maybe-wipe-out-humanity product,” and the board will say “hmm it was a good idea but
we gotta shut it down if we can’t get insurance,” and you’ll say “ugh fine,” and you’ll shut it down,
and the evil omniscient demon inside your computer will say “ah drat” just before you pull the plug on him forever. And humanity
will blunder on, saved from probabilistic extinction by the quiet heroism of insurance actuaries.

No, I mean, that is the plot of my science fiction
novel, but obviously it is not what will happen. You’ll just go ahead without insurance, with some combination
of starry-eyed tech optimism and IBGYBG reasoning: Your product probablywon’t wipe out humanity, but
if it does, no one will sue you (because they’ll be dead) and you won’t have to pay them anything (because you’ll be
dead). The only state of the world in which wipe-out-humanity insurance would pay out is the state in which you won’t need it. Still
maybe you’ll be a little nervous. It is not too hard to imagine quite dire scenarios in which there’d still be people around
to sue you, and