Eugenie Levin - Apr 3, 2023 Form 4 Insider Report for SEMrush Holdings, Inc. (SEMR)

Role
President
Signature
/s/ David Mason, as attorney-in-fact
Stock symbol
SEMR
Transactions as of
Apr 3, 2023
Transactions value $
-$40,126
Form type
4
Date filed
4/5/2023, 04:45 PM
Previous filing
Apr 5, 2022
Next filing
Apr 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEMR Class A Common Stock Sale -$40.1K -4.08K -7.02% $9.83 54.1K Apr 3, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 1, 2022 and represent the sale of shares necessary to meet tax withholding obligations as a result of vesting in restricted stock units on April 1, 2023. The sales do not represent a discretionary trade by the reporting person.