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Shchegolev Oleg's Form 4/A amendment

Amended

SEMrush Holdings, Inc. (SEMR) · filed Dec 5, 2023

Accession no.
0001831840-23-000071
Filed
Dec 5, 2023
Trade date
Nov 29-30, 2023
Filing delay
6 days
Rule 10b5-1 plan
Checked
Original filed
Dec 1, 2023

This filing lists 2 non-derivative transactions. Open-market sales total $1.04M. It was filed 6 days after the trade.

This amendment replaces 0001831840-23-000068 (filed Dec 1, 2023).

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
OwnerRelationship to the company
Shchegolev OlegCIK 0001849417Director, Officer (Chief Executive Officer), 10% Owner

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
Nov 29, 2023Class A Common StockSSaleDisposed−90,097$11.06F2−$996,472.823,753,199Indirect
Nov 30, 2023Class A Common StockSSaleDisposed−4,309$11.01F4−$47,442.093,748,890Indirect

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

F1

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 17, 2023.

F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $11.00 to $11.20, 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 footnote (2) to this Form 4.

Referenced by the price of 1 transaction in Table I.

F3

These shares are owned by Shchegolev Holdings, LLC. The Oleg Shchegolev Irrevocable GST Trust of 2020 is the sole Member of Shchegolev Holdings, LLC. IQ EQ Trust Company LLC is the trustee of The Oleg Shchegolev Irrevocable GST Trust of 2020. 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.

F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $11.00 to $11.13, 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 footnote (4) to this Form 4.

Referenced by the price of 1 transaction in Table I.

F5

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.

F6

These shares are owned by The Oleg Shchegolev Grantor Retained Annuity Trust II, a trust for the benefit of certain members of the Reporting Person's family. 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.

F7

These shares are owned by The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020, a trust for the benefit of certain members of the Reporting Person's family. 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.

Remarks

On December 1, 2023, the Reporting Person filed a Form 4 which incorrectly reported that the Reporting Person sold shares of Class A Common Stock that were held directly by the Reporting Person on November 29, 2023 and November 30, 2023. This Form 4/A makes the correction to report that the Reporting Person sold shares of Class A Common Stock that were held indirectly through Shchegolev Holdings, LLC on each such date.

Read the full filing on SEC EDGAR (opens in a new tab)