Form 4: Semrush Holdings President Levin Eugenie Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Eugenie Levin, President of Semrush Holdings, sold 3,757 shares of Class A Common Stock on July 5, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 5, 2024, Eugenie Levin, President of Semrush Holdings, sold 3,757 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 July 1, 2024.
- The shares were sold at a weighted average price of $13.6415, with individual transactions ranging from $13.53 to $13.95.
- Following the transaction, Levin directly owns 445,680 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 a routine sale to cover tax obligations and doesn't reflect a significant change in the executive's position or the company's outlook.
Industry Context
This is a routine Form 4 filing related to an executive selling shares to cover tax obligations, which is a common occurrence and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| July 1, 2024 | Restricted stock units (RSUs) vested. |
| July 5, 2024 | Eugenie Levin sold 3,757 shares of Class A Common Stock. |
| July 9, 2024 | Date of signature on the Form 4 filing. |
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