Bond Darryl 4
4 · Yext, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Yext (YEXT) CFO Darryl Bond Exercises Options, 58k Shares Withheld
What happened
- Darryl Bond, Chief Financial Officer of Yext, exercised/converted multiple derivative awards and received a mix of shares from option/derivative conversions and vested awards on March 20, 2026. The filing shows approximately 108,437 shares converted from derivatives plus a 5,239-share award (total ≈113,676 shares acquired).
- To satisfy tax withholding on the vesting/conversion, 58,033 shares were withheld (Form 4 code F) at $4.79 per share, valuing the withholding at $277,978. Several derivative conversions are reported at $0 per share (code M), reflecting conversion/exercise/settlement rather than an open-market cash purchase or sale.
Key details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely filed).
- Reported activity: multiple derivative exercises/conversions (code M), a grant/award (code A), and tax withholding/payment (code F).
- Prices: conversions reported at $0.00 (conversion/exercise); shares withheld at $4.79 per share (total $277,978).
- Shares acquired (aggregate, per filing): ~113,676 shares (108,437 from conversions + 5,239 award).
- Shares withheld for taxes: 58,033 shares (withheld to satisfy tax liability on vesting).
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
- Notable footnotes:
- F2/F3: A target of 60,000 performance-based RSUs (PSUs) was granted; 35,239 PSUs vested on March 20, 2026 based on ~117.46% performance for a 30,000-target tranche. PSUs and RSUs convert into one share each when they vest (F1, F3).
- F5–F7: Remaining awards have scheduled quarterly vesting through 2027 (described in the footnotes).
- F4: Shares were withheld specifically to satisfy tax liability on vesting.
Context for retail investors
- M = exercise/conversion of derivative awards (options/PSUs/RSUs); F = shares withheld to cover taxes; A = award/grant. Conversions reported at $0 typically mean the derivative converted into shares rather than an open-market cash purchase.
- Withholding to cover taxes is routine after RSU/PSU vesting and does not indicate an open-market sale for cash or a judgement about the company’s outlook.
- This filing shows acquisition/vesting activity (not a discretionary open-market buy or sale by the insider).
Insider Transaction Report
Form 4
Yext, Inc.YEXT
Bond Darryl
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-20+37,500→ 717,351 total - Exercise/Conversion
Common Stock
[F1]2026-03-20+3,437→ 720,788 total - Exercise/Conversion
Common Stock
[F1]2026-03-20+37,500→ 758,288 total - Exercise/Conversion
Common Stock
[F2][F3]2026-03-20+30,000→ 788,288 total - Award
Common Stock
[F2][F3]2026-03-20+5,239→ 793,527 total - Tax Payment
Common Stock
[F4]2026-03-20$4.79/sh−58,033$277,978→ 735,494 total - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2026-03-20−37,500→ 0 total→ Common Stock (37,500 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F6]2026-03-20−3,437→ 17,188 total→ Common Stock (3,437 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F7]2026-03-20−37,500→ 262,500 total→ Common Stock (37,500 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Unit
[F3][F2]2026-03-20−30,000→ 30,000 total→ Common Stock (30,000 underlying)
Footnotes (7)
- [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 60,000 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, 35,239 PSUs vested on March 20, 2026 based on achievement of approximately 117.46% performance for 30,000 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 June 20, 2022 and vests quarterly thereafter on each of September 20, December 20 and March 20 of each year, subject to the reporting person's continued service on each such date.
- [F6]One-sixteenth of shares subject to award vested on September 20, 2023 and vests quarterly thereafter on each December 20, March 20, June 20 and September 20, subject to the reporting person's continued service on each such date, until the award is fully vested on June 20, 2027.
- [F7]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, Attorney-in-Fact|2026-03-24