Form 4 for YEXT Yext, Inc.
Accepted 2025-06-23 00:00:00 ET · period of report 2025-06-20 · accession 0001614178-25-000099 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-06-23 | 2025-06-20 | YEXT | Walrath Michael | CEO, Dir | M - OptEx | — | +470.0K | 3.18M | +17% | — |
| D | 2025-06-23 | 2025-06-20 | YEXT | Walrath Michael | CEO, Dir | F - Tax | $8.08 | -230.7K | 3.34M | -6% | -$1.86M |
| DM | 2025-06-23 | 2025-06-20 | YEXT | Walrath Michael | CEO, Dir | M - OptEx | $0.00 | -470.0K | 546.9K | -46% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-06-20 | M | A | 391,875 | — | 3,569,287 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. |
| 2 | Common | Common Stock | 2025-06-20 | M | A | 78,125 | — | 3,177,412 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. (F2) Includes 2,034,769 shares previously held by a limited liability company over which the Reporting Person has sole voting and dispositive control that were transferred into a brokerage account held directly by the Reporting Person on April 22, 2025. |
| 3 | Common | Common Stock | 2025-06-20 | F | D | 230,654 | $8.08 | 3,338,633 | D | — | — | |
| 4 | Derivative | Performance-Based Restricted Stock Unit | 2025-06-20 | M | D | 391,875 | $0.00 | 625,000 | D | — · — to — | 391,875 Common Stock | (F8) Each performance-based restricted stock unit, or PSU, represents a contingent right to receive one share of the Company's common stock. (F9) A target number of 1,250,000 PSUs become eligible to vest based on the Company's total shareholder return ("Company TSR") during each of the following performance periods (each, a "Performance Period") relative to the total shareholder return of companies in the S&P Software and Services Select Index (the "Indexed Companies"): (i) December 19, 2023 to March 31, 2025; and (ii) December 19, 2023 to March 31, 2026. PSUs that become eligible to vest based on performance for a Performance Period vest on June 20 following the applicable Performance Period, subject to continued service to the Company through the vesting date. The total number of PSUs that will be eligible to vest range from 0% to 200% of the target number of PSUs. For the first Performance Period, 391,875 PSUs vested on June 20, 2025 based on performance of 62.70% of 625,000 target PSUs, and 233,125 PSUs were forfeited. |
| 5 | Derivative | Restricted Stock Unit | 2025-06-20 | M | D | 78,125 | $0.00 | 546,875 | D | — · — to — | 78,125 Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. (F7) One-eighth of shares subject to the award vested on June 20, 2025, and vests quarterly thereafter on each September 20, December 20, March 20 and June 20, subject to the Reporting Person's continued service on each such date, until the award is fully vested on March 20, 2027. |