Form 4: Semrush Holdings Director Dmitry Melnikov Sells Shares Under 10b5-1 Trading Plan

Director Dmitry Melnikov sold 10,011 shares of Semrush Holdings (SEMR) at an average price of $14.02 on August 29, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 29, 2024, Dmitry Melnikov, a director and 10% owner of Semrush Holdings, Inc. (SEMR), sold 10,011 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $14.02, with individual transactions ranging from $14.00 to $14.06.
• The sale was executed under a Rule 10b5-1 trading plan adopted on March 15, 2024, by The Melnikov Family GRAT Remainder Trust.
• Following the transaction, Melnikov directly and indirectly beneficially owns a total of 9,362,419 shares.
• The indirect holdings are through various trusts, including The Melnikov Family GRAT Remainder Trust (1,337,665 shares), Min Choron LLC (5,924,595 shares), The Dmitry Melnikov Grantor Retained Annuity Trust Three (1,346,975 shares), and The Dmitry Melnikov Grantor Retained Annuity Trust Four (1,644,626 shares).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Key Dates