Form 4: Semrush Holdings Executive Levin Exercised Options and Converted Stock on July 24, 2024

Eugenie Levin, President of Semrush Holdings, exercised stock options and converted Class B Common Stock to Class A Common Stock on July 24, 2024, according to a Form 4 filing.

Summary

• On July 24, 2024, Eugenie Levin, President of Semrush Holdings, exercised employee stock options to purchase 160,000 shares of Class B Common Stock at a price of $1.23 per share.
• Levin also converted 160,000 shares of Class B Common Stock into Class A Common Stock on the same day.
• Following these transactions, Levin directly owns 605,680 shares of Class A Common Stock and 1,210,800 shares of Class B Common Stock.
• Levin also directly owns 111,408 employee stock options exercisable into Class B Common Stock.
• The filing also corrects an error in a previous Form 4 filed on November 7, 2023, regarding the number of derivative securities beneficially owned.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which has a neutral sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares of Class A and Class B Common Stock.

Key Dates