4/A: Semrush CTO Corrects Ownership Reporting After Share Contribution to Exchange Traded Fund

Oleg Shchegolev, CTO of Semrush Holdings, files an amended Form 4 to correct the reporting of a contribution of 144,000 shares to an exchange traded fund, clarifying that the shares were held indirectly through Shchegolev Holdings, LLC.

Summary

• Oleg Shchegolev, the Chief Technology Officer of Semrush Holdings, Inc., filed an amended Form 4 (Form 4/A) with the SEC.
• The amendment corrects a previous filing made on December 12, 2024, which incorrectly reported that Shchegolev directly contributed 144,000 shares of Class A Common Stock to an exchange traded fund on November 25, 2024.
• The corrected filing clarifies that the contribution was made through shares held indirectly by Shchegolev Holdings, LLC.
• As of November 25, 2024, Shchegolev indirectly owns 2,948,714 shares through Shchegolev Holdings, LLC.
• Shchegolev also directly owns 3,678,823 shares of Class A Common Stock, a portion of which are restricted stock units (RSUs).

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't indicate any fundamental issues with the company, but the need for correction suggests a minor oversight.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding insider ownership.

Key Dates

Keywords

Semrush, Shchegolev, Form 4/A, SEC, Share Contribution, Ownership, Amendment, Reporting, Holdings, Shares