SEMR.NYSESemrush Holdings, INC

Form 4: Semrush CEO Oleg Shchegolev Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Oleg Shchegolev, CEO of Semrush Holdings, sold shares of Class A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

  • On March 3, 2025, Oleg Shchegolev, the CEO of Semrush Holdings, sold 32,932 shares of Class A Common Stock at a weighted average price of $11.19.
  • The sale was executed to meet tax withholding obligations arising from the vesting of restricted stock units (RSUs) on March 1, 2025.
  • Following the transaction, Shchegolev directly owns 7,268,282 shares of Class A Common Stock.
  • He also indirectly owns 29,239,320 shares through The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020 and 3,238,714 shares through Shchegolev Holdings, LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

  • The sale of shares by the CEO could have a minor impact on shareholders, potentially causing a slight decrease in the stock price due to increased supply.

Key Dates

DateDescription
03/01/2025Restricted stock units (RSUs) vested.
03/03/2025Oleg Shchegolev sold shares of Class A Common Stock.
03/05/2025Date of signature on the Form 4 filing.

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