Form 4: Semrush CEO Oleg Shchegolev Reports Share Transactions

Semrush CEO Oleg Shchegolev reports multiple transactions involving Class A Common Stock, including a contribution to an exchange traded fund and a donation to a charitable foundation.

Summary

• Oleg Shchegolev, CEO of Semrush Holdings, Inc., reported several transactions involving the company's Class A Common Stock.
• On November 25, 2024, 144,000 shares were contributed to an exchange traded fund.
• On December 10, 2024, 350,000 shares were donated to the RJ Charitable Foundation.
• Following these transactions, Mr. Shchegolev directly owns 3,184,823 shares of Class A Common Stock.
• He also indirectly owns 3,855,374 shares through The Oleg Shchegolev Grantor Retained Annuity Trust II, 27,662,150 shares through The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020, and 3,092,714 shares through Shchegolev Holdings, LLC.

Sentiment

Score: 5

Explanation: The document is a neutral report of share transactions, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of share transactions by a company insider, which is common in the public markets. It does not indicate any specific trend or competitive activity within the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders in the US market, and the transactions reported by Oleg Shchegolev are typical for executives managing their personal holdings.
• The use of trusts and charitable donations for share transfers is a common strategy for tax and estate planning purposes among high-net-worth individuals, including corporate executives.
• The contribution to an exchange traded fund is a common method for diversifying personal holdings.

Stakeholder Impact

• The transactions reported have a minimal direct impact on shareholders, as they are primarily related to the CEO's personal holdings and estate planning.
• The donation to the RJ Charitable Foundation may have a positive impact on the community through the foundation's activities.

Key Dates

Keywords

Semrush, Oleg Shchegolev, SEC Form 4, Share Transactions, Class A Common Stock, Beneficial Ownership, Exchange Traded Fund, Charitable Donation, Trusts