Form 4: Semrush Holdings COO Vitalii Obishchenko Sells 55,000 Shares

Vitalii Obishchenko, Chief Operating Officer of Semrush Holdings, Inc., sold 55,000 shares of Class A Common Stock at an average price of $13.43 on September 11, 2024.

Summary

• On September 11, 2024, Vitalii Obishchenko, the Chief Operating Officer of Semrush Holdings, Inc., sold 55,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $13.43 per share, with individual transaction prices ranging from $13.36 to $13.51.
• Following the transaction, Obishchenko directly owns 848,923 shares, a portion of which are restricted stock units (RSUs), each representing the right to receive one share of Class A Common Stock upon vesting.
• A Power of Attorney was executed on September 11, 2024, granting certain individuals the authority to act on Obishchenko's behalf for SEC filings.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale by an officer, which is neither inherently positive nor negative.

Industry Context

Sales of shares by company officers are a normal part of corporate activity; however, large or frequent sales can sometimes be interpreted negatively by the market.

Stakeholder Impact

• The sale of shares by a company officer could have a minor impact on shareholder sentiment.

Key Dates