SEMrush Holdings, Inc. — Director's Dealing 2021

Oct 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SEMrush Holdings, Inc. (SEMR)
CIK: 0001831840
Period of Report: 2021-10-04

Reporting Person: Levin Eugenie (Chief Strategy and CDO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-04	Class A Common Stock	C	3000	—	Acquired	3000	Direct
2021-10-04	Class A Common Stock	S	2950	$22.2066	Disposed	50	Direct
2021-10-04	Class A Common Stock	S	50	$23.05	Disposed	0	Direct
2021-10-06	Class A Common Stock	C	100	—	Acquired	100	Direct
2021-10-06	Class A Common Stock	S	100	$24	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-04	Employee Stock Option (Right to Buy)	$1.23	M	3000	Disposed	2029-04-01	Class B Common Stock (3000.0)	Direct
2021-10-04	Class B Common Stock	$0.0	M	3000	Acquired		Class A Common Stock (3000.0)	Direct
2021-10-04	Class B Common Stock	$0.0	C	3000	Disposed		Class A Common Stock (3000.0)	Direct
2021-10-06	Employee Stock Option (Right to Buy)	$1.23	M	100	Disposed	2029-04-01	Class B Common Stock (100.0)	Direct
2021-10-06	Class B Common Stock	$0.0	M	100	Acquired		Class A Common Stock (100.0)	Direct
2021-10-04	Class B Common Stock	$0.0	C	100	Disposed		Class A Common Stock (100.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $22.0000 to $22.8000 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 (1) to this Form 4.

F2: The stock option vests in equal monthly installments, such that the option will be fully vested as of April 1, 2023, subject to the Reporting Person's continuous employment with the Issuer on each such date.

F3: 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.