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

Dmitry Melnikov, a director and 10% owner of Semrush Holdings, sold 1,405 shares of Class A Common Stock on April 2, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2025, Dmitry Melnikov, a director and 10% owner of Semrush Holdings, sold 1,405 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $9.45 per share, with individual transactions ranging from $9.34 to $9.58.
• The sale was to cover tax withholding obligations resulting from the vesting of restricted stock units on April 1, 2025, and does not represent a discretionary trade.
• Following the transaction, Melnikov directly owns 2,609,939 shares of Class A Common Stock.
• Melnikov also indirectly owns shares through various trusts, including The Melnikov Family GRAT Remainder Trust (8,683,659 shares), Min Choron LLC (5,924,595 shares), The Dmitry Melnikov Grantor Retained Annuity Trust Three (914,033 shares), and The Dmitry Melnikov Grantor Retained Annuity Trust Four (734,437 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale to cover tax obligations. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for company insiders and large shareholders, providing transparency into their transactions in the company's stock. The sale of shares to cover tax obligations is a common occurrence.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Form 4, SEMRush Holdings, Dmitry Melnikov, stock sale, insider trading, Class A Common Stock, restricted stock units, tax obligations