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Yext, Inc.·4

Mar 24, 4:13 PM ET

Bond Darryl 4

Research Summary

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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).