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

Brian Mulroy, CFO of Semrush Holdings, sold 89,079 shares of Class A Common Stock on April 11, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 11, 2024, Brian Mulroy, the Chief Financial Officer of Semrush Holdings, Inc., sold 89,079 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 April 10, 2024.
• The shares were sold at a weighted average price of $12.89, with individual transactions ranging from $12.79 to $12.97.
• Following the transaction, Mulroy beneficially owns 441,625 shares, a portion of which are RSUs representing the right to receive Class A Common Stock upon vesting.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sale of shares to cover tax obligations) by a company executive, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates