4//SEC Filing
Walrath Michael 4
Accession 0001614178-25-000099
CIK 0001614178other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 4:09 PM ET
Size
16.1 KB
Accession
0001614178-25-000099
Insider Transaction Report
Form 4
Yext, Inc.YEXT
Walrath Michael
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2025-06-20+78,125→ 3,177,412 total - Exercise/Conversion
Common Stock
2025-06-20+391,875→ 3,569,287 total - Exercise/Conversion
Performance-Based Restricted Stock Unit
2025-06-20−391,875→ 625,000 total→ Common Stock (391,875 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-06-20−78,125→ 546,875 total→ Common Stock (78,125 underlying) - Tax Payment
Common Stock
2025-06-20$8.08/sh−230,654$1,863,684→ 3,338,633 total
Holdings
- 32,485(indirect: See footnote)
Common Stock
- 16,237(indirect: See footnote)
Common Stock
- 16,265(indirect: See footnote)
Common Stock
Footnotes (9)
- [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.
- [F3]Shares withheld to satisfy tax liability upon vesting of restricted stock units on June 20, 2025.
- [F4]Securities are held by a trust the beneficiaries of which are the Reporting Person's children.
- [F5]Securities are held by a trust of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person.
- [F6]Securities are held by a trust, separate from the trust referenced in footnote 5, of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person.
- [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.
- [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.
Documents
Issuer
Yext, Inc.
CIK 0001614178
Entity typeother
Related Parties
1- filerCIK 0001702012
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 4:09 PM ET
- Size
- 16.1 KB