Form 4: Semrush Holdings COO Vitalii Obishchenko Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Vitalii Obishchenko, COO of Semrush Holdings, sold 4,740 shares of Class A Common Stock on July 5, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 5, 2024, Vitalii Obishchenko, the Chief Operating Officer of Semrush Holdings, Inc., sold 4,740 shares of Class A Common Stock.
- The sale was executed to meet tax withholding obligations arising from the vesting of restricted stock units (RSUs) on July 1, 2024.
- The shares were sold at a weighted average price of $13.6329, with individual transactions ranging from $13.51 to $13.95.
- Following the transaction, Obishchenko still beneficially owns 903,923 shares, a portion of which are RSUs representing the right to receive Class A Common Stock upon vesting.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations), so the sentiment is neutral.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| July 1, 2024 | Restricted stock units (RSUs) vested. |
| July 5, 2024 | Vitalii Obishchenko sold 4,740 shares of Class A Common Stock. |
| July 9, 2024 | Date of the signature on the Form 4 filing. |
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