Baird Anna 4

What Happened Anna Baird, a director of Semrush Holdings, Inc. (SEMR), had 44,518 shares disposed of to the issuer on April 28, 2026 as part of the company’s merger with Adobe. Each share was converted into $12.00 in cash (Merger Consideration), resulting in total proceeds of $534,216. The transaction is reported as a disposition to the issuer (D) tied to the effective time of the merger.

Key Details

• Transaction date: April 28, 2026; price per share: $12.00; total proceeds: $534,216.
• Transaction type/code: Disposition to issuer (D) due to the Merger (Semrush acquired by Adobe).
• Shares disposed: 44,518.
• Shares owned after transaction: Not specified in the filing.
• Filing date / accession: Reported April 28, 2026 (Accession 0000950103-26-006314).
• Footnotes of note:
  • F1: Some of the shares were restricted stock units (RSUs) that convert to ordinary shares on vesting.
  • F3/F4: At the merger’s effective time, each common share converted to $12.00 cash; RSUs held by non-employee directors (like Ms. Baird) that were subject only to service-based vesting were cancelled and cashed out for the same $12.00 per underlying share. Other RSUs were converted into Adobe RSUs based on an exchange formula.

Context This disposition was part of the merger consideration paid at closing of the Merger with Adobe, not an open-market sale. Such cash-outs of holdings and certain RSUs are routine in acquisition closings and reflect merger terms rather than an individual trading decision.