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

Brian Mulroy, CFO of Semrush Holdings, Inc., sold 4,207 shares of Class A Common Stock on July 11, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On July 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 arising from the vesting of restricted stock units (RSUs) on July 10, 2024.
• The shares were sold at a weighted average price of $13.67, with individual transactions ranging from $13.54 to $13.76.
• Following the transaction, Mulroy beneficially owns 437,418 shares, a portion of which are represented by RSUs, each convertible to one share of Class A Common Stock upon vesting.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when RSUs vest. It does not necessarily indicate a change in the executive's confidence in the company.

Key Dates