Form 4: Semrush Holdings Director Dmitry Melnikov Executes Stock Sales Under 10b5-1 Plan

Dmitry Melnikov, a director and 10% owner of Semrush Holdings, executed sales of Class A Common Stock on August 15 and 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Dmitry Melnikov, a director and 10% owner of Semrush Holdings, Inc. (SEMR), reported the sale of Class A Common Stock on August 15 and 16, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 15, 2024.
• On August 15, 2024, 2,563 shares were sold at a weighted average price of $14.07, with prices ranging from $14.01 to $14.25.
• On August 16, 2024, 8,666 shares were sold at a weighted average price of $14.00, with prices ranging from $14.00 to $14.03.
• Following these transactions, Melnikov directly owns 2,982,291 shares and indirectly owns shares through various trusts, including The Melnikov Family GRAT Remainder Trust (9,372,430 shares), Min Choron LLC (5,924,595 shares), and The Dmitry Melnikov Grantor Retained Annuity Trust Three (1,346,975 shares).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the stock sales were pre-planned under a 10b5-1 trading plan and do not necessarily indicate a negative outlook on the company.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company insiders regarding the stock's valuation and future prospects. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on immediate market conditions.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment in the short term, but the pre-planned nature of the sales mitigates this concern.

Key Dates