Form 4: Semrush Director Dmitry Melnikov Sells 42,342 Shares Under 10b5-1 Plan

Dmitry Melnikov, a director at Semrush Holdings, sold 42,342 shares of Class A Common Stock at an average price of $13.87, as part of a pre-arranged trading plan.

Summary

• Dmitry Melnikov, a director at Semrush Holdings, sold 42,342 shares of Class A Common Stock on December 12, 2024.
• The shares were sold at a weighted average price of $13.87, with individual transaction prices ranging from $13.72 to $14.03.
• The sale was executed under a Rule 10b5-1 trading plan adopted on March 15, 2024.
• Following the transaction, Melnikov beneficially owns 9,141,317 shares indirectly through The Melnikov Family GRAT Remainder Trust.
• He also has indirect beneficial ownership of 1,702,590 shares directly, 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.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine sale of shares by a company director under a pre-arranged trading plan. It does not suggest any positive or negative sentiment.

Risks

• Sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice for corporate insiders to sell shares while avoiding accusations of trading on non-public information.
• The sale of 42,342 shares is not unusual for a director of a company of Semrush's size.
• The price range of $13.72 to $14.03 is within the normal trading range for the stock.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates this.

Key Dates

Keywords

Semrush, insider trading, Form 4, Dmitry Melnikov, stock sale, Rule 10b5-1, beneficial ownership, SEMR