SCHEDULE 13G/A: Dmitry Melnikov Discloses 19.8% Beneficial Ownership in Semrush Holdings, Inc.

Dmitry Melnikov, a significant shareholder, has disclosed beneficial ownership of 19.8% of Semrush Holdings, Inc.'s Class A Common Stock as of December 31, 2024, representing 27.6% of combined voting power.

Summary

• Dmitry Melnikov beneficially owns an aggregate of 26,417,243 shares of Semrush Holdings, Inc. Class A Common Stock.
• This ownership represents approximately 19.8% of the outstanding Class A Common Stock.
• When accounting for the ten-for-one voting power of Class B shares, Mr. Melnikov's holdings (18,938,619 Class A and 7,387,995 Class B) represent 27.6% of the aggregate combined voting power of Class A and Class B common stock.
• His beneficial ownership includes 1,667,050 shares of Class A common stock held individually, 3,919 shares of Class A issuable from restricted stock units, and 86,716 shares of Class A issuable from stock options, all convertible or exercisable within 60 days of December 31, 2024.
• Additionally, his ownership includes shares held through Min Choron LLC (5,924,595 Class A shares) and various Melnikov family trusts: The Dmitry Melnikov Grantor Retained Annuity Trust Three (914,033 Class A shares), The Dmitry Melnikov Grantor Retained Annuity Trust Four (1,644,626 Class A shares), and the Dmitry Melnikov Remainder Trust (8,788,309 Class A shares and 7,387,995 Class B shares).
• The Melnikov Family Dynasty Trust is the sole member of Min Choron LLC, and the Melnikov Trusts were established for the benefit of Mr. Melnikov and/or certain family members, with his spouse directing the trustee's voting and disposition of assets.
• The percentage of class was calculated based on 125,833,873 shares of Class A common stock and 21,009,210 shares of Class B common stock outstanding as of December 31, 2024.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant shareholder's stake and voting power, which can influence perceptions of control and stability within the company.

Key Dates

Keywords

Semrush Holdings, Inc., Dmitry Melnikov, Beneficial Ownership, Schedule 13G, Class A Common Stock, Class B Common Stock, SEC Filing, Shareholder, Voting Power