SEMrush Holdings, Inc. — Director's Dealing 2023

May 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SEMrush Holdings, Inc. (SEMR)
CIK: 0001831840
Period of Report: 2023-05-16

Reporting Person: Shchegolev Oleg (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-16	Class A Common Stock	S	566964	$8	Disposed	1835778	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 $8.00 to $8.605, 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 to this Form 4.

F2: In the Form 4 filed by the reporting person on April 4, 2023, the amount reported in Column 5 on Table I was incorrect due to an inadvertent administrative error. The current amount of Class A Common Stock the reporting person directly owns is correctly reported in this Form 4.

F3: 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.