Form 4: SEMrush CTO Oleg Shchegolev Reports Stock Transactions

SEMrush Holdings, Inc. CTO Oleg Shchegolev has reported transactions involving Class A Common Stock, including shares withheld for tax obligations and holdings through trusts and LLCs.

Summary

• Oleg Shchegolev, Chief Technology Officer, Director, and 10% Owner of SEMrush Holdings, Inc., has filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2026, 6,533 shares of Class A Common Stock were withheld by the company to cover tax obligations related to the net issuance of shares from vested Restricted Stock Units (RSUs).
• The value of these withheld shares was based on the closing price of $11.96 on April 1, 2026.
• Following these transactions, Shchegolev directly beneficially owns 7,167,655 shares.
• Additionally, Shchegolev has indirect beneficial ownership of 26,739,320 shares through The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020 and 3,282,040 shares through Shchegolev Holdings, LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine insider transactions related to equity compensation and tax obligations, without significant positive or negative strategic implications.

Positives

• Vesting of Restricted Stock Units (RSUs) indicates continued equity-based compensation and potential alignment of management interests with shareholders.
• The reporting person maintains significant direct and indirect beneficial ownership, suggesting a strong commitment to the company.

Negatives

• Withholding of shares for tax obligations represents a reduction in the net shares received by the reporting person.

Risks

• The filing does not explicitly mention any new or evolving risks.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and reflect typical executive compensation practices involving equity awards and associated tax implications within the software and technology sector.

Stakeholder Impact

• Shareholders: The transactions reflect standard executive compensation practices and do not indicate a change in the reporting person's overall stake or commitment to the company.

Next Steps

• Continued monitoring of insider transactions for any significant shifts in beneficial ownership.

Key Dates

Keywords

SEMrush Holdings, SEMR, Form 4, Oleg Shchegolev, Class A Common Stock, Restricted Stock Units, Beneficial Ownership, Insider Trading, Executive Compensation, Tax Withholding