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

Eugenie Levin, President of Semrush Holdings, sold 6,943 shares of Class A Common Stock on January 7, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On January 7, 2025, Eugenie Levin, the President of Semrush Holdings, sold 6,943 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 January 1, 2025.
• The shares were sold at a weighted average price of $11.74, with individual transactions ranging from $11.52 to $11.83.
• Following the transaction, Levin directly owns 580,549 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 document reflects a routine transaction (sale of shares to cover taxes). It's neutral in sentiment as it doesn't indicate any significant positive or negative developments for 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 upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

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

Key Dates