Form 4: Semrush Director Dmitry Melnikov Reports Share Transactions and Beneficial Ownership

Dmitry Melnikov, a director at Semrush Holdings, reported the contribution of 66,667 Class A common stock shares to an exchange traded fund and details of his beneficial ownership through various trusts.

Summary

• Dmitry Melnikov, a director of Semrush Holdings, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 20, 2024, Mr. Melnikov contributed 66,667 shares of Class A common stock to an exchange traded fund at a price of $14.11 per share.
• Following this transaction, Mr. Melnikov directly owns 1,702,590 shares, some of which are restricted stock units.
• He also has indirect beneficial ownership of 9,183,659 shares through The Melnikov Family GRAT Remainder Trust, 5,924,595 shares through Min Choron LLC, 914,033 shares through The Dmitry Melnikov Grantor Retained Annuity Trust Three, and 1,644,626 shares through The Dmitry Melnikov Grantor Retained Annuity Trust Four.
• A transfer of 432,942 shares from The Dmitry Melnikov Grantor Retained Annuity Trust Three to Mr. Melnikov occurred on November 18, 2024, as an annuity payment.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing transactions and ownership. It does not contain any information that would indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and beneficial ownership, which is common for publicly traded companies. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The level of detail provided in this filing is consistent with SEC requirements for reporting beneficial ownership.
• The use of trusts for holding shares is a common practice for high-net-worth individuals and company insiders.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the ownership of a key company director.
• The transactions do not appear to have any immediate impact on other stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, SEMrush, Dmitry Melnikov, Stock Transaction, Class A Common Stock, Exchange Traded Fund, Trusts, Director