Shin Ho 4
4 · Yext, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Yext (YEXT) GC Shin Ho Exercises Options, Vests RSUs/PSUs
What Happened
- Shin Ho, General Counsel of Yext, exercised/converted multiple derivative awards and received equity from time- and performance-based awards on March 20, 2026. The filing shows conversions/exercises of derivatives for 14,062, 23,125 and 20,000 shares, plus a grant/award of 3,493 shares. A performance award of 23,493 PSUs vested on March 20, 2026 per the filing footnote (F2).
- To satisfy tax withholding obligations on vested awards, 34,180 shares were withheld/disposed at $4.79 per share, generating proceeds of $163,722 (reported as transaction code F). Several exercises/conversions are also reported as dispositions at $0.00, reflecting net settlement or surrendered derivative shares as part of the exercise/settlement process.
Key Details
- Transaction date(s): March 20, 2026; Form 4 filed March 24, 2026 (filed on time — within two business days).
- Reported exercises/conversions (code M): 14,062; 23,125; 20,000 shares (acquisitions and related dispositions at $0.00 are reported).
- Awards/vests (codes A / performance footnote): 3,493 shares granted; 23,493 PSUs vested based on ~117.46% performance for a 20,000 target (F2, F3).
- Tax withholding (code F): 34,180 shares withheld at $4.79 = $163,722 (F4).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Notable footnotes: PSUs convert to common shares if performance targets are met (F2, F3). Some awards vest over time per schedule (F5, F6). Withholding was used to satisfy tax liabilities on vesting (F4).
Context
- Transaction codes: M = exercise/conversion of derivative (options/PSUs), A = award/grant, F = shares withheld to pay taxes. The filing indicates exercises/vests and tax-withholding via share surrender/withholding rather than an open-market sale.
- This activity is largely award vesting and option/derivative settlement; tax-withholding dispositions are routine and do not necessarily indicate a sell decision for investment reasons.
- Filing timing: Reported on March 24, 2026 for a March 20, 2026 event — the Form 4 was filed on time (within required reporting window).
Insider Transaction Report
Form 4
Yext, Inc.YEXT
Shin Ho
General Counsel
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-20+14,062→ 284,572 total - Exercise/Conversion
Common Stock
[F1]2026-03-20+23,125→ 307,697 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-20+20,000→ 327,697 total - Award
Common Stock
[F2][F3]2026-03-20+3,493→ 331,190 total - Tax Payment
Common Stock
[F4]2026-03-20$4.79/sh−34,180$163,722→ 297,010 total - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2026-03-20−14,062→ 14,063 total→ Common Stock (14,062 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F6]2026-03-20−23,125→ 161,875 total→ Common Stock (23,125 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Unit
[F3][F2]2026-03-20−20,000→ 20,000 total→ Common Stock (20,000 underlying)
Footnotes (6)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock.
- [F2]A target of 40,000 performance-based RSUs ("PSUs") become eligible to vest based upon achievement of a combination of performance as measured using a measurement in growth of the Company's reported ARR and a "Rule of 40" summation of the percentage growth in the reported ARR and Adjusted EBITDA Margins over each of fiscal 2026 and fiscal 2027 (each, a "Performance Period"). 50% of the total target PSUs will be eligible to be earned in each Performance Period, and the maximum number of PSUs that may become eligible to vest in connection with achievement in excess of the target shall be no more than 250% of the target PSUs. The PSUs that become eligible to vest with respect to a Performance Period will vest on March 20 following the end of that Performance Period, subject to reporting person's continued service through that date. For the first Performance Period, 23,493 PSUs vested on March 20, 2026 based on achievement of approximately 117.46% performance for 20,000 target PSUs.
- [F3]Each PSU represents a contingent right to receive one share of the Company's common stock.
- [F4]Shares withheld to satisfy tax liability upon vesting of restricted stock units on March 20, 2026.
- [F5]One-sixteenth of shares subject to award vested on September 20, 2022 and vests quarterly thereafter on each of December 20, March 20, June 20 and September 20 and in each case subject to the reporting person's continued service on each such date, until the award is fully vested on June 20, 2026.
- [F6]One-eighth of shares subject to the award vested on March 20, 2026 and vests quarterly thereafter on each June 20, September 20, December 20, and March 20, subject to the reporting person's continued service on each such date, until the award is fully vested on December 20, 2027.
Signature
/s/ Ho Shin|2026-03-24