We investigate the ultrafast magnetization dynamics of semiconducting antiferromagnetic CrSBr using real-time time-dependent density functional theory. In zero magnetic field, laser excitation modifies only the magnetization along the easy axis, leaving transverse components unaffected. We find that below-gap, low-fluence pulses enhance the local magnetic moments via spin transfer from nonmagnetic to magnetic atoms, increasing the Néel vector. In contrast, high-fluence pulses drive interlayer spin transfer between magnetic atoms, producing strong demagnetization and reducing the Néel vector, while S and Br atoms exhibit primarily charge transfer with weak opposite contribution to the demagnetization. An applied magnetic field qualitatively alters the response, enabling both magnitude changes and ultrafast reorientation of the magnetization. We show that the resulting layer-resolved reorientation respects a twofold rotation about the $x$ axis, exciting coherent optical magnons even under this symmetry, which modulate the relative angle between neighboring layers and periodically tune electronic properties. These results reveal a microscopic pathway for coherent magnon excitation in van der Waals magnets and establish a framework for controlling their coupled spin-charge dynamics on femtosecond timescales.

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• Magnetization dynamics
• Ultrafast magnetic effects
• Antiferromagnets
• Magnetic semiconductors
• Density functional theory