Director Caroline J. Tsay Sells SEMrush Holdings Inc. Class A Common Stock

On April 28, 2026, Caroline J. Tsay, a director at SEMrush Holdings, Inc., sold 44,389 shares of Class A Common Stock at a price of $12.00 per share. This transaction is part of the company's acquisition by Adobe Inc. as outlined in the merger agreement dated November 18, 2025. Following the merger, Tsay's shares were converted into the right to receive $12.00 in cash per share. Some of these shares were associated with restricted stock units (RSUs). RSUs that were solely service-based were cancelled and cashed out, while others were converted into Adobe RSU awards. This transaction results in Tsay holding 0 shares of SEMrush Holdings, Inc. Class A Common Stock post-transaction.