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

Director Anna Baird reports the disposal of Semrush Holdings shares following the company's acquisition by Adobe Inc.

Summary

• Semrush Holdings, Inc. has been acquired by Adobe Inc. via a merger agreement dated November 18, 2025.
• The merger was finalized on April 28, 2026.
• Reporting person Anna Baird disposed of 44,518 shares of Class A Common Stock.
• The shares were converted into the right to receive $12.00 per share in cash as merger consideration.

Sentiment

Score: 5

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

Positives

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

Negatives

• Semrush Holdings, Inc. ceases to be an independent publicly traded company.

Risks

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

Future Outlook

The company is now a wholly owned subsidiary of Adobe Inc.; no further independent guidance or outlook is provided.

Industry Context

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

Comparison to Industry Standards

• The acquisition price reflects the valuation agreed upon by the boards of both Adobe and Semrush in late 2025.
• This transaction follows a trend of large-cap software companies acquiring specialized SaaS platforms to enhance their digital marketing suites.

Stakeholder Impact

• Shareholders have been cashed out at $12.00 per share.
• Employees and customers transition to the Adobe corporate structure.

Next Steps

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

Key Dates

Keywords

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