Form 4: SEMrush Holdings 10% Owner SEMR Holdings Ltd. Reports Change in Beneficial Ownership

SEMR Holdings Ltd., a 10% owner of SEMrush Holdings, Inc., reports a transaction involving Class A Common Stock, resulting in a change in beneficial ownership.

Summary

• On June 28, 2023, SEMR Holdings Ltd. executed a transaction involving SEMrush Holdings, Inc. Class A Common Stock.
• The transaction is classified under code 'J', indicating a distribution of shares.
• As a result of this transaction, SEMR Holdings Ltd.'s direct ownership decreased from 7,272,579 to 0 shares.
• However, their total beneficial ownership following the reported transaction is 8,983,521 shares.
• The shares were distributed to two of the owners of the Reporting Person.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It simply reports a transaction and doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure related to changes in ownership by significant shareholders, which is a common occurrence for publicly traded companies. It provides transparency to the market regarding the holdings of major stakeholders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects a change in ownership structure.
• The distribution of shares to the owners of the Reporting Person may have tax implications for those individuals.

Key Dates