<SEC-DOCUMENT>0001628280-25-005825.txt : 20250214
<SEC-HEADER>0001628280-25-005825.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214171834
ACCESSION NUMBER:		0001628280-25-005825
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEMrush Holdings, Inc.
		CENTRAL INDEX KEY:			0001831840
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				844053265
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-92465
		FILM NUMBER:		25630976

	BUSINESS ADDRESS:	
		STREET 1:		800 BOYLSTON STREET, SUITE 2475
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
		BUSINESS PHONE:		800-851-9959

	MAIL ADDRESS:	
		STREET 1:		800 BOYLSTON STREET, SUITE 2475
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shchegolev Oleg
		CENTRAL INDEX KEY:			0001849417
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	MAIL ADDRESS:	
		STREET 1:		C/O SEMRUSH HOLDINGS, INC.
		STREET 2:		800 BOYLSTON STREET, SUITE 2475
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02199
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001849417</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001831840</issuerCik>
        <issuerName>Semrush Holdings, Inc.</issuerName>
        <issuerCusip>81686C104</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>800 Boylston Street</com:street1>
          <com:street2>Suite 2475</com:street2>
          <com:city>Boston</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02199</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Shchegolev Oleg</reportingPersonName>
      <citizenshipOrOrganization>J5</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>52021541.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>52021541.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>52021541.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>37.6</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Semrush Holdings, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>800 Boylston Street, Suite 2475,  Boston, MA, 02199</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Oleg Shchegolev</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>800 Boylston Street, Suite 2475, Boston, Massachusetts 02199</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Grenada</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>An aggregate of 52,021,541 shares of Class A common stock (including shares underlying Class B common stock, restricted stock units and stock options convertible and/or exercisable within 60 days of December 31, 2024), consisting of (1) 6,929,798 shares of Class A common stock and 2,000,000 shares of Class B common stock held by Mr. Shchegolev individually, (2) 129,662 shares of Class A common stock issuable to Mr. Shchegolev upon vesting and settlement of restricted stock units that shall vest within 60 days after December 31, 2024, (3) 401,632 shares of Class A common stock issuable to Mr. Shchegolev upon exercise of stock options that are exercisable within 60 days of December 31, 2024, (4) 3,238,714 shares of Class A common stock held by Shchegolev Holdings, LLC (the "Shchegolev LLC"), (5) 29,239,320 shares of Class A common stock and 10,082,415 shares of Class B common stock held by The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020 (the "Shchegolev Non-Exempt Trust"). The Oleg Shchegolev Irrevocable GST Trust of 2020 (the "GST Trust" and together with the Shchegolev LLC and the Shchegolev Non-Exempt Trust, the "Shchegolev Trusts") is the sole Member, of the Shchegolev LLC. The Shchegolev Trusts were established for the benefit of Mr. Shchegolev and/or certain members of Mr. Shchegolev's family. Mr. Shchegolev may be deemed to have sole voting power and sole dispositive power with respect to the shares held by the Shchegolev Trusts and Shchegolev LLC.</amountBeneficiallyOwned>
        <classPercent>The 52,021,541 shares of Class A common stock owned or deemed beneficially owned by Mr. Shchegolev, when all shares underlying Class B common stock, restricted stock units and stock options are treated as converted into Class A common stock only for purposes of computing the percentage ownership of the reporting person pursuant to Rule 13d-3 of the Act, represent approximately 37.6% of the outstanding shares of Class A common stock. Each share of Class B common stock is convertible into one share of Class A common stock at any time at the option of the holder and upon the occurrence of certain other events as described in the Issuer's Amended and Restated Certificate of Incorporation. In addition, each share of Class B common stock will automatically convert into one share of Class A common stock upon any transfer, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation. Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B common stock. The 39,407,832 shares of Class A common stock and 12,082,415 shares of Class B common stock beneficially owned by the reporting person represent 47.7% of the aggregate combined voting power of the Class A common stock and Class B common stock. The percent of class was calculated based on 125,833,873 shares of Class A common stock and 21,009,210 shares of Class B common stock outstanding as of December 31, 2024.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>52,021,541</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>52,021,541</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>Not applicable.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>N</notApplicableFlag>
        <subsidiaryIdentificationAndClassification>Not applicable.</subsidiaryIdentificationAndClassification>
      </item7>
      <item8>
        <notApplicableFlag>N</notApplicableFlag>
        <identificationAndClassificationOfGroupMembers>Not applicable.</identificationAndClassificationOfGroupMembers>
      </item8>
      <item9>
        <notApplicableFlag>N</notApplicableFlag>
        <groupDissolutionNotice>Not applicable.</groupDissolutionNotice>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Shchegolev Oleg</reportingPersonName>
      <signatureDetails>
        <signature>/s/ David Mason</signature>
        <title>David Mason, as Attorney-in-Fact</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
