Form 4: Semrush CFO Brian Mulroy Sells Shares to Cover Tax Obligations

Brian Mulroy, CFO of Semrush Holdings, sold 4,207 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On October 11, 2024, Brian Mulroy, the Chief Financial Officer of Semrush Holdings, Inc., sold 4,207 shares of Class A Common Stock.
• The sale was executed to meet tax withholding obligations resulting from the vesting of restricted stock units (RSUs) on October 10, 2024.
• The shares were sold at a weighted average price of $13.12, with individual transactions ranging from $13.01 to $13.22.
• Following the transaction, Mulroy directly owns 433,211 shares, a portion of which are RSUs representing the right to receive Class A Common Stock upon vesting.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Management Comments

• The sale does not represent a discretionary trade by the Reporting Person.

Industry Context

Sales of shares to cover tax obligations after vesting of stock options or restricted stock units are a routine part of executive compensation and are not necessarily indicative of the executive's view of the company's future prospects.

Key Dates