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

David W. Mason, General Counsel of Semrush Holdings, sold 1,549 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 2, 2024, David W. Mason, the General Counsel of Semrush Holdings, Inc., sold 1,549 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 May 1, 2024.
• The shares were sold at a weighted average price of $12.62, with individual transactions ranging from $12.59 to $12.65.
• Following the transaction, Mason directly owns 163,546 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: Neutral sentiment as the transaction is related to tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity awards.

Key Dates