Form 4: Semrush Acquired by Adobe for $12 Per Share
Merger Completion / Statement of Changes in Beneficial Ownership
Semrush Holdings, Inc. has completed its merger with Adobe Inc., resulting in the conversion of all outstanding shares into cash.
Summary
- Semrush Holdings, Inc. was acquired by Adobe Inc. on April 28, 2026.
- The merger was executed pursuant to an agreement dated November 18, 2025.
- Each share of Semrush common stock was converted into the right to receive $12.00 in cash.
- Semrush now operates as a wholly owned subsidiary of Adobe Inc.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing confirming the completion of a previously announced merger, which is a standard corporate event.
Positives
- Shareholders received a definitive cash consideration of $12.00 per share upon the completion of the merger.
Negatives
- The company has ceased to be an independent publicly traded entity.
Risks
- As the company is now a wholly owned subsidiary, public market liquidity for Semrush stock has been eliminated.
Future Outlook
Semrush is now a wholly owned subsidiary of Adobe Inc.; future financial performance will be integrated into Adobe's consolidated reporting.
Management Comments
- The filing confirms the conversion of equity awards and the cash-out of restricted stock units as part of the merger agreement.
Industry Context
StockSavvy.ai notes that this acquisition represents a significant consolidation in the marketing technology and SEO software space, with Adobe absorbing a key player to bolster its digital experience cloud offerings.
Comparison to Industry Standards
- The acquisition follows a trend of large-cap software companies (like Adobe) acquiring specialized SaaS platforms to expand their ecosystem.
- The $12.00 per share valuation represents the final exit price for public investors, consistent with standard M&A cash-out procedures.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Change in Control | Semrush became a wholly owned subsidiary of Adobe Inc. | 2026-04-28 | Full change in ownership and governance structure. |
Stakeholder Impact
- Shareholders receive cash consideration for their holdings.
- Employees and contractors may see changes in equity compensation plans as they transition to Adobe-related awards.
Next Steps
- Delisting of Semrush Holdings, Inc. from public exchanges.
- Integration of Semrush operations into Adobe Inc.
Key Dates
| Date | Description |
|---|---|
| 2025-11-18 | Date of the original Agreement and Plan of Merger. |
| 2026-04-28 | Effective time of the merger and date of the reported transaction. |
Keywords
Semrush, Adobe, Merger, Acquisition, SEMR, Form 4
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