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

Dmitry Melnikov, a director and 10% owner of Semrush Holdings, sold 1,350 shares of Class A Common Stock on October 2, 2024, to cover tax withholding obligations related to vesting of restricted stock units.

Summary

• On October 2, 2024, Dmitry Melnikov, a director and 10% owner of Semrush Holdings, Inc., sold 1,350 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 October 1, 2024.
• The shares were sold at a weighted average price of $14.25, with individual transactions ranging from $13.97 to $14.70.
• Following the transaction, Melnikov directly owns 1,336,315 shares of Class A Common Stock.
• Melnikov also indirectly owns shares through several trusts, including The Melnikov Family GRAT Remainder Trust (9,183,659 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 to cover tax obligations and doesn't necessarily indicate a change in the director's confidence in the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell the company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and prospects.

Key Dates