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

David W. Mason, General Counsel of Semrush Holdings, sold 1,589 shares of Class A Common Stock on November 4, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On November 4, 2024, David W. Mason, the General Counsel of Semrush Holdings, Inc., sold 1,589 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 November 1, 2024.
• The shares were sold at a weighted average price of $13.14, with individual transactions ranging from $12.77 to $13.24.
• Following the transaction, Mason directly owns 160,290 shares, a portion of which are RSUs representing the right to receive Class A Common Stock upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily reflect a change in the executive's confidence in the company.

Management Comments

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

Industry Context

Sales of shares to cover tax obligations after RSU vesting are a common practice among company executives and do not necessarily indicate a negative outlook on the company's future.

Key Dates