Form 4: Semrush Holdings COO Sells Shares to Cover Tax Obligations

Vitalii Obishchenko, COO of Semrush Holdings, sold 5,293 shares of Class A Common Stock on January 7, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On January 7, 2025, Vitalii Obishchenko, the Chief Operating Officer of Semrush Holdings, Inc., sold 5,293 shares of Class A Common Stock.
• The sale was executed to meet tax withholding obligations resulting from the vesting of restricted stock units (RSUs) on January 1, 2025.
• The shares were sold at a weighted average price of $11.73, with individual transactions ranging from $11.51 to $11.83.
• Following the transaction, Obishchenko still beneficially owns 838,659 shares, a portion of which are RSUs, each representing the right to receive one share of Class A Common Stock upon vesting.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing related to stock sales for tax purposes. It doesn't indicate any significant positive or negative sentiment towards the company's prospects.

Management Comments

• The sale does not represent a discretionary trade by the Reporting Person.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The impact on the stock price is usually minimal unless the sale is substantial or indicative of a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates