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

Andrew Warden, Chief Marketing Officer of Semrush Holdings, sold 3,953 shares of Class A Common Stock on October 2, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On October 2, 2024, Andrew Warden, the Chief Marketing Officer of Semrush Holdings, Inc., sold 3,953 shares of Class A Common Stock.
• The sale was executed to meet tax withholding obligations resulting from the vesting of restricted stock units (RSUs) on October 1, 2024.
• The shares were sold at a weighted average price of $14.73, with individual transactions ranging from $13.99 to $15.33.
• Following the transaction, Warden still beneficially owns 257,364 shares, a portion of which are RSUs representing the right to receive Class A Common Stock upon vesting.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It's neutral from an investment perspective.

Management Comments

• The sale does not represent a discretionary trade by the Reporting Person.

Industry Context

Sales of shares to cover tax obligations after vesting of stock options or restricted stock units are a routine occurrence for company executives.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it was to cover tax obligations.

Key Dates