Form 4: Semrush CEO Sells Shares to Cover Tax Obligations After RSU Vesting

Semrush CEO Oleg Shchegolev sold 6,859 shares of Class A Common Stock to cover tax obligations following the vesting of restricted stock units.

Summary

• Oleg Shchegolev, CEO of Semrush Holdings, Inc., sold 6,859 shares of Class A Common Stock on January 7, 2025.
• The sale was executed to cover tax withholding obligations resulting from the vesting of restricted stock units (RSUs) on January 1, 2025.
• The shares were sold at a weighted average price of $11.71, with individual transactions ranging from $11.56 to $11.83.
• Following the transaction, Shchegolev directly owns 7,301,214 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 reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, especially after vesting of stock options or restricted stock units.
• The sale of shares to cover tax obligations is a standard practice and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is not expected to be significant given the routine nature of the transaction.

Key Dates

Keywords

Semrush, Oleg Shchegolev, SEC Form 4, stock sale, restricted stock units, RSU, tax obligations, insider trading