SEMrush (SEMR) CMO sells 41,249 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SEMrush Holdings, Inc. Chief Marketing Officer Andrew Warden sold 41,249 shares of Class A Common Stock in an open-market transaction at a weighted average price of $11.81 per share, with individual trades between $11.81 and $11.82.
After this sale, he directly holds 341,703.89 shares, and a portion of these holdings consists of restricted stock units that each convert into one share of Class A Common Stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 41,249 shares ($487,151)
Net Sell
1 txn
Insider
Warden Andrew
Role
Chief Marketing Officer
Sold
41,249 shs ($487K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 41,249 | $11.81 | $487K |
Holdings After Transaction:
Class A Common Stock — 341,703.89 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $11.81 to $11.82, 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 (1) to this Form 4. A portion of these shares represent restricted stock unit ("RSU") awards under the Issuer's 2021 Stock Option and Incentive Plan. Each RSU represents a right to receive one share of the Issuer's Class A Common Stock upon vesting.
FAQ
What insider transaction did SEMrush (SEMR) report for Andrew Warden?
Andrew Warden, SEMrush’s Chief Marketing Officer, sold 41,249 shares of Class A Common Stock. The sale was executed in the open market at a weighted average price of $11.81 per share, with individual trades occurring between $11.81 and $11.82.
What type of transaction did SEMrush (SEMR) disclose for Andrew Warden?
The filing describes an open-market sale of Class A Common Stock by Andrew Warden. It is categorized with transaction code “S,” indicating a sale in open market or private transactions, and is reported as a non-derivative transaction in common equity.
Are restricted stock units (RSUs) involved in Andrew Warden’s SEMrush (SEMR) holdings?
Yes. The disclosure notes that a portion of Andrew Warden’s reported holdings represents restricted stock unit awards under SEMrush’s 2021 Stock Option and Incentive Plan. Each RSU entitles him to receive one share of Class A Common Stock upon vesting.