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

Director Caroline J. Tsay reports the disposal of Semrush Holdings, Inc. shares following the company's acquisition by Adobe Inc.

Summary

• Semrush Holdings, Inc. completed a merger with Adobe Inc. on April 28, 2026.
• Under the terms of the merger, each share of Semrush Class A Common Stock was converted into the right to receive $12.00 in cash.
• Reporting person Caroline J. Tsay disposed of 44,389 shares as part of the merger transaction.
• Outstanding restricted stock units (RSUs) held by the director were cancelled and cashed out at the $12.00 per share merger consideration.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing confirming the completion of a previously announced merger transaction.

Positives

• Shareholders received a definitive cash consideration of $12.00 per share upon the completion of the merger.

Negatives

• The company has ceased to be an independent publicly traded entity following the merger with Adobe Inc.

Risks

• The issuer is now a wholly owned subsidiary of Adobe Inc., eliminating independent equity ownership for former shareholders.

Future Outlook

The company has been acquired by Adobe Inc. and is now a wholly owned subsidiary; therefore, no independent future guidance for Semrush Holdings, Inc. is provided.

Industry Context

StockSavvy.ai notes that this acquisition represents a significant consolidation in the marketing technology and SEO software space, with Adobe integrating Semrush's data-driven marketing capabilities into its broader Experience Cloud ecosystem.

Comparison to Industry Standards

• The acquisition follows a trend of large-cap software companies (like Adobe) acquiring specialized SaaS platforms to enhance their digital marketing suites.
• The $12.00 per share cash-out provides immediate liquidity to shareholders, consistent with standard M&A exit strategies in the tech sector.

Stakeholder Impact

• Shareholders have had their equity converted to cash at $12.00 per share.
• The company is now a wholly owned subsidiary of Adobe Inc.

Next Steps

• Delisting of Semrush Holdings, Inc. from public exchanges.

Key Dates

Keywords

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