SIMILARWEB (SMWB) CEO Offer Or Sells Shares

What Happened

• Offer Or, CEO of SIMILARWEB LTD. (SMWB), sold a total of 79,591 shares in two open-market transactions: 52,900 shares on 2026-09-14 (weighted avg $8.54, $451,650) and 26,691 shares on 2026-09-15 (weighted avg $8.53, $227,586). Total proceeds were approximately $679,236. These were sales (not purchases), which are often routine liquidity events.

Key Details

• Transaction dates and prices:
  • 2026-09-14: 52,900 shares sold, weighted average price $8.54 (individual trades ranged $8.07–$8.70). (See footnote F2.)
  • 2026-09-15: 26,691 shares sold, weighted average price $8.53 (individual trades ranged $8.32–$8.70). (See footnote F3.)
• Total shares sold: 79,591; total reported proceeds ≈ $679,236.
• Filing: Form 4 filed 2026-09-16. No indication the filing was late.
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Notable footnote(s):
  • F1: Sales were made pursuant to a Rule 10b5-1 trading plan adopted June 1, 2026.
  • F2/F3: Reported prices are weighted averages; ranges of prices for the multiple trades are provided and the filer will supply per-trade details upon request.

Context

• The trades were executed under a prearranged 10b5-1 plan, which allows insiders to sell shares according to a set schedule and is commonly used for planned liquidity. Such sales do not, by themselves, indicate management’s view of the company’s shares.