| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SEMR | Class A Common Stock | Conversion of derivative security | $0 | +11.3K | +6.94% | $0.00 | 174K | Nov 1, 2023 | Direct | F1 |
| transaction | SEMR | Class A Common Stock | Conversion of derivative security | $0 | +19K | +10.94% | $0.00 | 193K | Nov 1, 2023 | Direct | F1 |
| transaction | SEMR | Class A Common Stock | Sale | -$229K | -30.3K | -15.71% | $7.56 | 162K | Nov 1, 2023 | Direct | F1, F2, F3 |
| transaction | SEMR | Class A Common Stock | Conversion of derivative security | $0 | +8.8K | +5.42% | $0.00 | 171K | Nov 2, 2023 | Direct | F1 |
| transaction | SEMR | Class A Common Stock | Sale | -$67.2K | -8.7K | -5.08% | $7.73 | 163K | Nov 2, 2023 | Direct | F1, F2, F4 |
| transaction | SEMR | Class A Common Stock | Sale | -$845 | -100 | -0.06% | $8.45 | 162K | Nov 2, 2023 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SEMR | Employee Stock Option (Right to Buy) | Options Exercise | $0 | -11.3K | -5.56% | $0.00 | 192K | Nov 1, 2023 | Class B Common Stock | 11.3K | $0.00 | Direct | F5 |
| transaction | SEMR | Class B Common Stock | Options Exercise | +11.3K | +0.93% | 1.22M | Nov 1, 2023 | Class A Common Stock | 11.3K | $0.00 | Direct | F6 | ||
| transaction | SEMR | Class B Common Stock | Conversion of derivative security | -11.3K | -0.92% | 1.21M | Nov 1, 2023 | Class A Common Stock | 11.3K | $0.00 | Direct | F6 | ||
| transaction | SEMR | Employee Stock Option (Right to Buy) | Options Exercise | $0 | -19K | -3.8% | $0.00 | 482K | Nov 1, 2023 | Class B Common Stock | 19K | $1.23 | Direct | F5 |
| transaction | SEMR | Class B Common Stock | Options Exercise | +19K | +1.57% | 1.23M | Nov 1, 2023 | Class A Common Stock | 19K | $0.00 | Direct | F6 | ||
| transaction | SEMR | Class B Common Stock | Conversion of derivative security | -19K | -1.55% | 1.21M | Nov 1, 2023 | Class A Common Stock | 19K | $0.00 | Direct | F6 | ||
| transaction | SEMR | Employee Stock Option (Right to Buy) | Options Exercise | $0 | -8.8K | -1.83% | $0.00 | 473K | Nov 2, 2023 | Class B Common Stock | 8.8K | $1.23 | Direct | F5 |
| transaction | SEMR | Class B Common Stock | Options Exercise | +8.8K | +0.73% | 1.22M | Nov 2, 2023 | Class A Common Stock | 8.8K | $0.00 | Direct | F6 | ||
| transaction | SEMR | Class B Common Stock | Conversion of derivative security | -8.8K | -0.72% | 1.21M | Nov 2, 2023 | Class A Common Stock | 8.8K | $0.00 | Direct | F6 |
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).
| Id | Content |
|---|---|
| F1 | A portion of these shares represent restricted stock units ("RSUs"). Each RSU represents a right to receive one share of the Issuer's Class A Common Stock upon vesting. |
| F2 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 15, 2023. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $7.37 to $8.11, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $7.38 to $8.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (4) to this Form 4. |
| F5 | The stock option is fully vested. |
| F6 | The Class B Common Stock is convertible at any time at the option of the holder into Class A Common Stock on a one-to-one basis and will mandatorily convert into Class A Common Stock on the date that is seven years from the date of the prospectus used in connection with the IPO and upon the occurrence of certain other events as set forth in the Issuer's certificate of incorporation. |
On November 2, 2023, the Reporting Person filed a Form 4 to report the sale of shares resulting from the exercise of certain employee stock options. The Form 4 inadvertently did not report the Rule 16b-3 exempt exercise of options and related conversion of shares of Class B Common Stock to Class A Common Stock on November 1, 2023 and November 2, 2023. This Form 4/A makes the correction to indicate that the exercise of options and related conversion of shares of Class B Common Stock to Class A Common Stock occurred on such dates.