Shin Ho 4
Research Summary
AI-generated summary
Yext (YEXT) General Counsel Shin Ho Receives Equity Award
What Happened
- Shin Ho, General Counsel of Yext, received three equity awards on April 16, 2026, totaling 834,782 restricted stock units and performance-based restricted stock units. Each award was granted at $0.00 (i.e., awarded, not purchased) and reported as derivative awards on the Form 4.
Key Details
- Transaction date: 2026-04-16; filing date: 2026-04-17 (filed promptly).
- Award totals: 283,826 units + 275,478 units + 275,478 units = 834,782 units; grant price shown as $0.00.
- Shares owned after the transactions: not disclosed in the filing.
- Footnotes (from the filing):
- F1: Each restricted stock unit (RSU) converts to one share if/when vested.
- F2: Time-based vesting: 1/16 vests on Dec 20, 2027, then quarterly on Mar/Jun/Sep/Dec 20 through full vesting on Sept 20, 2031, subject to continued service.
- F3: Performance-based restricted stock units (PSUs) convert to one share if/when performance conditions are met.
- F4: 25% of one PSU tranche vests when the company’s average stock price hits $12, $15, $17 or $20 (each threshold unlocks 25% and vests on the next quarterly vesting date, subject to service).
- F5: 25% of another PSU tranche vests when the company’s average stock price hits $9, $11, $13 or $15; once a threshold is achieved that portion vests as to 1/16 quarterly on each Quarterly Vesting Date after Sept 20, 2027, subject to service.
- Filing timeliness: filed the next day — appears timely (not flagged as late).
Context
- These are equity compensation awards (RSUs and PSUs) — they do not represent an immediate cash purchase or sale and are contingent on continued employment and/or stock-price performance before converting to shares. Such awards are common for executive compensation and do not by themselves indicate an insider buying or selling shares on the open market.