Pearce Dylan 4
4 · SEMrush Holdings, Inc. · Filed Nov 24, 2021
Insider Transaction Report
Form 4
Pearce Dylan
Director
Transactions
- Conversion
Class B Common Stock
2021-11-22−1,250,000→ 10,483,900 total(indirect: By Greycroft Growth II, L.P.)→ Class A Common Stock (1,250,000 underlying) - Conversion
Class A Common Stock
2021-11-22+1,250,000→ 1,250,000 total(indirect: By Greycroft Growth II, L.P.)
Footnotes (2)
- [F1]The shares are held by Greycroft Growth II, L.P. ("GCG II"). Greycroft Growth II, LLC ("GCG II GP") is the general partner of GCG II. 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.
- [F2]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.