Dmitry Melnikov - Dec 15, 2023 Form 4 Insider Report for SEMrush Holdings, Inc. (SEMR)

Signature
/s/ David Mason, as attorney-in-fact
Stock symbol
SEMR
Transactions as of
Dec 15, 2023
Transactions value $
-$18,498
Form type
4
Date filed
1/5/2024, 05:45 PM
Previous filing
Nov 27, 2023
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEMR Class A Common Stock Gift $0 -9.38M -100% $0.00* 0 Dec 15, 2023 The Dmitry Melnikov Grantor Retained Annuity Trust - One F1, F2
transaction SEMR Class A Common Stock Gift $0 +9.38M $0.00 9.38M Dec 15, 2023 The Melnikov Family GRAT Remainder Trust F3
transaction SEMR Class A Common Stock Sale -$18.5K -1.45K -0.05% $12.74 2.97M Jan 3, 2024 Direct F4, F5, F6, F7
holding SEMR Class A Common Stock 1.35M Dec 15, 2023 The Dmitry Melnikov Grantor Retained Annuity Trust - Three F8, F9
holding SEMR Class A Common Stock 5.92M Dec 15, 2023 Min Choron LLC F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEMR Class B Common Stock Gift $0 -7.39M -100% $0.00* 0 Dec 15, 2023 Class A Common Stock 7.39M $0.00 The Dmitry Melnikov Grantor Retained Annuity Trust - One F2, F11
transaction SEMR Class B Common Stock Gift $0 +7.39M $0.00 7.39M Dec 15, 2023 Class A Common Stock 7.39M $0.00 The Melnikov Family GRAT Remainder Trust F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of Class A Common Stock excludes 1,235,716 shares of the Issuer's Class A Common Stock that The Dmitry Melnikov Grantor Retained Annuity Trust - One ("GRAT One") distributed without value to the Reporting Person on December 15, 2023 as an annuity payment which was exempt pursuant to Rule 16a-13.
F2 These shares are owned by GRAT One, a trust for the benefit of certain members of the Reporting Person's family and of which IQ EQ Trust Company, US, LLC is the trustee. The Reporting Person's spouse is the trust advisor. The trust advisor directs the trustee as to how to vote and/or dispose of the assets in trust. The Reporting Person disclaims Section 16 beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F3 These shares are owned by The Melnikov Family GRAT Remainder Trust, a trust for the benefit of certain members of the Reporting Person's family and of which IQ EQ Trust Company, US, LLC is the trustee. The Reporting Person's spouse is the trust advisor. The trust advisor directs the trustee as to how to vote and/or dispose of the assets in trust. The Reporting Person disclaims Section 16 beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F4 The sale reported in this Form 4 represents the sale of shares necessary to meet tax withholding obligations as a result of vesting of restricted stock units ("RSUs") on January 1, 2024. The sale does not represent a discretionary trade by the Reporting Person.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $12.69 to $12.84, 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 (5) to this Form 4.
F6 The amount of Class A Common Stock includes 1,235,716 shares of the Issuer's Class A Common Stock that GRAT One distributed without value to the Reporting Person on December 15, 2023 and 408,910 shares of the Issuer's Class A Common Stock that The Dmitry Melnikov Grantor Retained Annuity Trust - Three ("GRAT Three") distributed without value to the Reporting Person on December 13, 2023, in each case as an annuity payment which was exempt pursuant to Rule 16a-13.
F7 A portion of these shares represent represent restricted stock units ("RSUs"). Each RSU represents a right to receive one share of the Issuer's Class A Common Stock upon vesting.
F8 The amount of Class A Common Stock excludes 408,910 shares of the Issuer's Class A Common Stock that GRAT Three distributed without value to the Reporting Person on December 13, 2023 as an annuity payment which was exempt pursuant to Rule 16a-13.
F9 These shares are owned by GRAT Three, a trust for the benefit of certain members of the Reporting Person's family and of which IQ EQ Trust Company, US, LLC is the trustee. The Reporting Person's spouse is the trust advisor. The trust advisor directs the trustee as to how to vote and/or dispose of the assets in trust. The Reporting Person disclaims Section 16 beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F10 These shares are owned by Min Choron LLC, a trust for the benefit of certain members of the Reporting Person's family and of which IQ EQ Trust Company, US, LLC is the trustee. The Reporting Person's spouse is the trust advisor. The trust advisor directs the trustee as to how to vote and/or dispose of the assets in trust. The Reporting Person disclaims Section 16 beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F11 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 Issuer's initial public offering and upon the occurrence of certain other events as set forth in the Issuer's certificate of incorporation. The Class B Common Stock has no expiration date.