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

Eugenie Levin, President of Semrush Holdings, sold 12,930 shares of Class A Common Stock on April 2, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2024, Eugenie Levin, the President of Semrush Holdings, Inc., sold 12,930 shares of Class A Common Stock.
• The sale was executed to meet tax withholding obligations arising from the vesting of restricted stock units (RSUs) on April 1, 2024.
• The shares were sold at a weighted average price of $13.19, with individual transactions ranging from $13.04 to $13.30.
• Following the transaction, Levin directly owns 449,437 shares, a portion of which are represented by RSUs, each convertible to one share of 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.

Industry Context

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

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price.

Key Dates