Form 4: Semrush CTO Oleg Shchegolev Sells Shares to Cover Tax Obligations

Oleg Shchegolev, CTO of Semrush Holdings, Inc., sold 9,563 shares of Class A Common Stock on April 2, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2025, Oleg Shchegolev, the Chief Technology Officer of Semrush Holdings, Inc., sold 9,563 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $9.44, with individual transactions ranging from $9.36 to $9.59.
• The sale was executed to meet tax withholding obligations arising from the vesting of restricted stock units on April 1, 2025.
• Following the transaction, Shchegolev directly owns 7,402,719 shares of Class A Common Stock.
• He also indirectly owns 29,239,320 shares through The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020 and 3,094,714 shares through Shchegolev Holdings, LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The sale is related to tax obligations, which is a common occurrence. There is no indication of a negative outlook on the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be related to tax obligations and not necessarily indicative of a change in sentiment regarding the company's prospects.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment.

Key Dates

Keywords

Semrush, Oleg Shchegolev, Form 4, insider trading, stock sale, RSU, tax obligations, Class A Common Stock