Form 4: Semrush Holdings Acquired by Adobe for $12 Per Share

Semrush Holdings, Inc. has completed its merger with Adobe Inc., resulting in the cancellation of equity holdings for cash consideration.

Summary

• Semrush Holdings, Inc. was acquired by Adobe Inc. via a merger agreement dated November 18, 2025.
• The merger became effective on April 28, 2026.
• Reporting person Andrew Warden, Chief Marketing Officer, disposed of 338,902.89 shares of Class A Common Stock at a price of $12.00 per share.
• Outstanding stock options with exercise prices below the $12.00 merger consideration were cashed out, while those with higher exercise prices were cancelled for no consideration.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event as it represents the final administrative step of a previously announced acquisition rather than new operational performance.

Positives

• Shareholders received a cash consideration of $12.00 per share upon the completion of the merger.
• Successful completion of the acquisition by Adobe Inc. provides liquidity to equity holders.

Negatives

• Stock options with exercise prices equal to or greater than the $12.00 merger consideration were cancelled for no consideration.
• The company ceases to exist as an independent publicly traded entity.

Risks

• The company is no longer a standalone public entity, eliminating future independent growth potential for current shareholders.
• Integration risks associated with the merger into Adobe Inc.

Future Outlook

Semrush Holdings, Inc. is now a wholly owned subsidiary of Adobe Inc.; no further independent guidance is provided.

Industry Context

StockSavvy.ai notes that this acquisition represents a significant consolidation in the marketing technology and SEO software space, with Adobe expanding its ecosystem by absorbing a key player in the digital marketing analytics sector.

Comparison to Industry Standards

• The $12.00 per share cash-out price represents the final valuation for public shareholders.
• The transaction follows standard M&A protocols for cash-out mergers involving equity and derivative conversions.

Stakeholder Impact

• Shareholders receive cash for their holdings.
• Employees and management transition to Adobe Inc. as a subsidiary.

Next Steps

• Delisting of Semrush Holdings, Inc. from public exchanges.
• Integration of Semrush operations into Adobe Inc.

Key Dates

Keywords

Semrush, Adobe, Merger, Acquisition, SEMR, Form 4, Insider Transaction