# EDGAR Filing Document

**Accession Number:** 0001831840
**File Stem:** 0001628280-23-008127
**Filing Date:** 2023-3
**Character Count:** 15282
**Document Hash:** 94eb3a5b8b79d39c16b9a24381717d2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-008127.hdr.sgml**: 20230315

**ACCESSION NUMBER**: 0001628280-23-008127

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 4

**REFERENCES 429**: 333-253730

**FILED AS OF DATE**: 20230315

**DATE AS OF CHANGE**: 20230315

**EFFECTIVENESS DATE**: 20230315

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-270575
- **FILM NUMBER:** 23736039

**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

**As filed with the Securities and Exchange Commission on March 15, 2023**

**Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

 ***THE SECURITIES ACT OF 1933***

**Semrush Holdings, Inc.**

**(Exact Name of Registrant as Specified in Its Charter)**

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| | |
|:---|:---|
| **Delaware** | **84-4053265** |
| **(State or Other Jurisdiction of**<br>**Incorporation or Organization)** | **(I.R.S. Employer**<br>**Identification No.)** |
| **800 Boylston Street<br>Suite 2475<br>Boston, Massachusetts** | **02199** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**Semrush Holdings, Inc. 2021 Stock Option and Incentive Plan**

(Full title of the plan)

**Oleg Shchegolev** 

**Chief Executive Officer**

**Semrush Holdings, Inc.**

**800 Boylston Street, Suite 2475**

**Boston, MA 02199**

**(800) 851-9959** 

(Name, address, and telephone number, including area code, of agent for service)

Copies to:

------

---

| | |
|:---|:---|
| **Kenneth J. Gordon, Esq.**<br>**Jared J. Fine, Esq.**<br>**Aaron Berman, Esq.**<br>**Goodwin Procter LLP**<br>**100 Northern Ave.**<br>**Boston, Massachusetts 02210**<br>**(617) 570-1000** | **David Mason**<br>**General Counsel**<br>**Semrush Holdings, Inc.**<br>**800 Boylston Street, Suite 2475**<br>**Boston, MA 02199**<br>**(800) 851-9959** |

---

_____________________________________________________________________________________

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer Accelerated filer ☒ <br> Non-accelerated filer ☐ Smaller reporting company Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

**Statement of Incorporation by Reference**

This Registration Statement on Form S-8, relating to the 2021 Stock Option and Incentive Plan of Semrush Holdings, Inc. (the "Registrant"), is being filed for the purpose of registering 3,500,000 shares additional shares of the Class A common stock of the Registrant, as a result of the operation of an automatic annual increase provision therein. The additional shares are of the same class as the securities for which a Registration Statement on Form S-8 has previously been filed and is effective. Pursuant to General Instruction E to Form S-8, except as otherwise set forth below, this Registration Statement incorporates by reference the information contained in the Registration Statement on Form S-8, File No. 333-254724, filed by the Registrant with the Securities and Exchange Commission on March 25, 2021.

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**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 8. Exhibits.**

See the Exhibit Index below for a list of exhibits filed as part of this registration on Form S 8, which Exhibit Index is incorporated herein by reference.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |
| **Exhibit Number** | **Exhibit Description** | **Form** | **File Number** | **Filing Date** | **Exhibit Number** |
| 4.1 | <u>[Amended and Restated Certificate of Incorporation of the Registrant.](https://www.sec.gov/Archives/edgar/data/1831840/000162828021004792/exhibit32-sx1a1.htm)</u> | S-1/A | 333-253730 | March 16, 2021 | 3.2 |
| 4.2 | <u>[Second A](https://www.sec.gov/Archives/edgar/data/1831840/000162828022032114/semr-secondamendedandres.htm)[mend](https://www.sec.gov/Archives/edgar/data/1831840/000162828022032114/semr-secondamendedandres.htm)[ed and Restated Bylaws of the Registrant.](https://www.sec.gov/Archives/edgar/data/1831840/000162828022032114/semr-secondamendedandres.htm)</u> | 8-K | 001-40276 | December 16, 2022 | 3.2 |
| 4.3 | <u>[Form of Class A](https://www.sec.gov/Archives/edgar/data/1831840/000162828021004792/exhibit41-sx1a1.htm)[common stock certificate of the Registrant.](https://www.sec.gov/Archives/edgar/data/1831840/000162828021004792/exhibit41-sx1a1.htm)</u> | S-1/A | 333-253730 | March 16, 2021 | 4.1 |
| 5.1\* | <u>[Opinion of Goodwin Procter LLP.](exhibit51-sx8xgpopinionfor.htm)</u> |  |  |  |  |
| 23.1\* | <u>[Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.](exhibit231-sx8eyconsent315.htm)</u> |  |  |  |  |
| 23.2\* | <u>[Consent of Goodwin Procter LLP (included in Exhibit 5.1).](exhibit51-sx8xgpopinionfor.htm)</u> |  |  |  |  |
| 24.1\* | <u>[Power of Attorney (included on the signature pages of this registration statement).](#i778ebafcb8dc4ae0afc5c5c0bfdb3a88_272)</u> |  |  |  |  |
| 99.1 | <u>[2021 Stock Option and Incentive Plan and forms of award agreements thereunder](https://www.sec.gov/Archives/edgar/data/1831840/000162828021004792/exhibit103-sx1a1.htm)</u> | S-1/A | 333-253730 | March 16, 2021 | 10.3 |
| 107\* | <u>[Filing Fee Table](exhibit107-filingfeestable.htm)</u> |  |  |  |  |

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**______________________________________________________________________________________________________**

\*&nbsp;&nbsp;&nbsp;&nbsp;Filed herewith.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston, Commonwealth of Massachusetts, on this 15th day of March, 2023.

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| | |
|:---|:---|
| **SEMRUSH HOLDINGS, INC.** | **SEMRUSH HOLDINGS, INC.** |
| By | /s/ David Mason |
| | David Mason |
| | Secretary and General Counsel |

---

------

**SIGNATURES AND POWER OF ATTORNEY**

We, the undersigned officers and directors of Semrush Holdings, Inc., Inc., hereby severally constitute and appoint Oleg Shchegolev, Eugene Levin, and David Mason, and each of them singly (with full power to each of them to act alone), as our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them for him and in his name, place and stead, and in any and all capacities, to sign the registration statement on Form S-8 filed herewith and any and all subsequent amendments to said registration statement, and generally to do all such things in our names and on our behalf in our capacities as officers and directors to enable Semrush Holdings, Inc. to comply with the provisions of the Securities Act of 1933, as amended, and all requirements of the Securities and Exchange Commission, hereby ratifying and confirming our signatures as they may be signed by our said attorneys, or any of them, to said registration statement and any and all amendments thereto.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Oleg Shchegolev | Chief Executive Officer and Director<br>(Principal Executive Officer) | March 15, 2023 |
| Oleg Shchegolev | Chief Executive Officer and Director<br>(Principal Executive Officer) | March 15, 2023 |
| /s/ Evgeny Fetisov | Chief Financial Officer<br>(Principal Financial and Accounting Officer) | March 15, 2023 |
| Evgeny Fetisov | Chief Financial Officer<br>(Principal Financial and Accounting Officer) | March 15, 2023 |
| /s/ Steven Aldrich | Director | March 15, 2023 |
| Steven Aldrich | Director | March 15, 2023 |
| /s/ Anna Baird | Director | March 15, 2023 |
| Anna Baird | Director | March 15, 2023 |
| /s/ Dmitry Melnikov | Director | March 15, 2023 |
| Dmitry Melnikov | Director | March 15, 2023 |
| /s/ Dylan Pearce | Director | March 15, 2023 |
| Dylan Pearce | Director | March 15, 2023 |
| /s/ Trynka Shineman Blake | Director | March 15, 2023 |
| Trynka Shineman Blake | Director | March 15, 2023 |
| /s/ Roman Simonov | Director | March 15, 2023 |
| Roman Simonov | Director | March 15, 2023 |
| /s/ William Wagner | Director | March 15, 2023 |
| William Wagner | Director | March 15, 2023 |
| /s/ Mark Vranesh | Director | March 15, 2023 |
| Mark Vranesh | Director | March 15, 2023 |

---

## Ex-Filing

**Exhibit 107**

**Calculation of Filing Fee Tables**

**<u>Form S-8</u>**

<u>(Form Type)</u>

**<u>Semrush Holdings, Inc.</u>**

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered Securities</u>

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount Registered (1) (3)** | **Proposed Maximum Offering Price Per Share (2)** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Class A Common Stock, $0.00001 par value per share | 457(c) and (h) | 3500000 | $7.93 | $27755000 | $0.0001102 | $3058.60 |
| **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  | $27755000 |  | $3058.60 |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  |  |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $3058.60 |

---

(1) In accordance with Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement shall be deemed to cover any additional shares of the Registrant's Class A Common Stock, $0.00001 par value per share ("Class A Common Stock"), that may from time to time be offered or issued under the Registrant's 2021 Stock Option and Incentive Plan to prevent dilution resulting from stock splits, stock dividends, recapitalizations or similar transactions that increase the number of outstanding shares of Class A Common Stock. Pursuant to Rule 416(c) under the Securities Act, this registration statement shall also cover an indeterminate amount of interests to be offered or sold pursuant to the Registrant's 2021 Stock Option and Incentive Plan.

(2) The proposed maximum offering price per unit of $7.93 is estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) of the Securities Act, and is based upon the average of the high and low prices of the Registrant's Class A Common Stock as reported on the New York Stock Exchange on March 13, 2023.

(3) Represents 3,500,000 additional shares of Class A Common Stock available for issuance under the Registrant's 2021 Stock Option and Incentive Plan, as a result of an automatic annual increase provision therein, effective as of January 1, 2023. Shares available for issuance under the 2021 Stock Option and Incentive Plan were previously registered on a registration statement on Form S-8 filed with the Securities and Exchange Commission on March 25, 2021, File No. 333-254724.

## Exhibit 5.1

**Exhibit 5.1**

March 15, 2023

Semrush Holdings, Inc.

800 Boylston Street, Suite 2475

Boston, MA 02199

Re:&nbsp;&nbsp;&nbsp;&nbsp;<u>Securities Being Registered under Registration Statement on Form S-8</u>

We have acted as counsel to you in connection with your filing of a Registration Statement on Form S-8 (the "Registration Statement") pursuant to the Securities Act of 1933, as amended (the "Securities Act"), on or about the date hereof relating to an aggregate of 3,500,000 shares (the "Class A Shares") of Class A Common Stock, $0.00001 par value per share ("Class A Common Stock"), of Semrush Holdings, Inc., a Delaware corporation (the "Company"), that may be issued pursuant to the Company's 2021 Stock Option and Incentive Plan (the "Plan").

We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinion set forth below, on certificates of officers of the Company.

The opinion set forth below is limited to the Delaware General Corporation Law.

For purposes of the opinion set forth below, we have assumed that no event occurs that causes the number of authorized shares of Class A Common Stock available for issuance by the Company to be less than the number of then unissued Class A Shares.

Based on the foregoing, we are of the opinion that the Class A Shares have been duly authorized and, upon issuance and delivery against payment therefor in accordance with the terms of the Plan, will be validly issued, fully paid and nonassessable.

This opinion letter and the opinion it contains shall be interpreted in accordance with the Core Opinion Principles as published in 74 *Business Lawyer* 815 (Summer 2019).

We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Registration Statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

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| |
|:---|
| Very truly yours, |
| /s/ Goodwin Procter LLP |
| GOODWIN PROCTER LLP |

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## Exhibit 23.1

**Exhibit 23.1**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Semrush Holdings, Inc. 2021 Stock Option and Incentive Plan, of our report dated March 15, 2023, with respect to the consolidated financial statements of Semrush Holdings, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Boston, Massachusetts

March 15, 2023

<br>