Form 4: Semrush Holdings General Counsel Sells Shares to Cover Tax Obligations

David W. Mason, General Counsel of Semrush Holdings, sold 1,875 shares of Class A Common Stock on February 3, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 3, 2025, David W. Mason, the General Counsel of Semrush Holdings, Inc., sold 1,875 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 February 1, 2025.
• The shares were sold at a weighted average price of $17.15, with individual transactions ranging from $16.96 to $17.27.
• Following the transaction, Mason still beneficially owns 158,415 shares, a portion of which are RSUs, each representing the right to receive one share of Class A Common Stock upon vesting.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and do not necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, SEMR, Semrush Holdings, David Mason, stock sale, tax obligations, RSUs, Class A Common Stock