Form 4: Semrush Holdings President Levin Eugenie Sells Shares to Cover Tax Obligations

Eugenie Levin, President of Semrush Holdings, sold 3,788 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, Eugenie Levin, President of Semrush Holdings, Inc., sold 3,788 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 $14.12, with individual transactions ranging from $13.97 to $14.68.
• Following the transaction, Levin directly owns 601,892 shares, a portion of which are RSUs, each representing the right to receive one share of Class A Common Stock upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is related to tax obligations and not a discretionary sale, suggesting no change in the executive's outlook on 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 vesting of stock options or restricted stock units are a routine occurrence for company executives and do not necessarily indicate a change in their confidence in the company's future prospects.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price due to increased selling pressure, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates