Tang Allan 4
4 · Yext, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Yext CAO Allan Tang Sells 10,000 Shares, Receives 278,261 RSUs/PSUs
What Happened Allan Tang, Chief Accounting Officer of Yext, sold 10,000 shares in an open-market sale on April 15, 2026 for a weighted average price of $3.62 per share (total proceeds reported as $36,161). The next day (April 16, 2026) Tang was awarded three derivative grants totaling 278,261 restricted/performance stock units (94,609 + 91,826 + 91,826), each reported at $0.00 (these are RSUs/PSUs that convert to common shares upon vesting). The sale is a disposition (often routine) while the grants are compensation awards subject to vesting and performance conditions.
Key Details
- Sale: 10,000 shares on 2026-04-15 at a weighted average price $3.62; price range across trades was $3.60–$3.635 (footnote F1). Proceeds: $36,161.
- Grants: 3 awards on 2026-04-16 totaling 278,261 derivative units, reported $0.00 per unit (footnotes F2, F4).
- Shares owned after transaction: Not specified in the provided excerpt of the Form 4.
- Notable footnotes:
- F1: Weighted-average sale price; seller can provide per-trade breakdown on request.
- F2/F4: Awards are restricted stock units (RSUs) and performance-based RSUs (PSUs).
- F3: One RSU award vests 1/16 on Dec 20, 2027 and quarterly thereafter, fully vesting Sept 20, 2031 (service-based vesting).
- F5/F6: PSUs vest in tranches tied to average stock-price milestones ($12/$15/$17/$20 and $9/$11/$13/$15 respectively) and continued service; portions vest on subsequent quarterly vesting dates.
- Filing timeliness: Form filed 2026-04-17 covering transactions through 2026-04-16 — filed within the typical two-business-day Form 4 window (not indicated as late).
Context
- The grants are derivative awards (RSUs/PSUs): they do not convert to shares until vesting and (for PSUs) until performance/price conditions are met. These are compensation-related awards, not open-market purchases.
- The modest sale proceeds (~$36k) represent a routine disposition; the larger informational signal is the award of long-term, performance- and time‑based equity that vests over multiple years and upon price hurdles.
Insider Transaction Report
Form 4
Yext, Inc.YEXT
Tang Allan
Chief Accounting Officer
Transactions
- Sale
Common Stock
[F1]2026-04-15$3.62/sh−10,000$36,161→ 7,848 total - Award
Restricted Stock Unit
[F2][F3]2026-04-16+94,609→ 94,609 total→ Common Stock (94,609 underlying) - Award
Performance-Based Restricted Stock Unit
[F4][F5]2026-04-16+91,826→ 91,826 total→ Common Stock (91,826 underlying) - Award
Performance-Based Restricted Stock Unit
[F4][F6]2026-04-16+91,826→ 91,826 total→ Common Stock (91,826 underlying)
Footnotes (6)
- [F1]Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $3.60 to $3.635, inclusive. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, Yext, Inc. (the "Company"), or a security holder of the Company, full information regarding the number of shares sold at each separate price.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock of the Company.
- [F3]One-sixteenth of shares subject to the award shall vest on December 20, 2027, and quarterly thereafter on each March 20, June 20, September 20, and December 20 (each, a "Quarterly Vesting Date"), subject to the reporting person's continued service on each such date, until the award is fully vested on September 20, 2031.
- [F4]Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- [F5]25% of the shares subject to the PSUs will be eligible to vest following the award's grant date based on the Company's average stock price trading at each of the following milestones: $12, $15, $17 and $20 per share. Once a price threshold is achieved, the portion of the award related to that threshold will vest on the next Quarterly Vesting Date, subject to the reporting person's continued service on such date.
- [F6]25% of the shares subject to the PSUs will be eligible to vest following the award's grant date based on the Company's average stock price trading at each of the following milestones: $9, $11, $13 and $15 per share. Once a price threshold is achieved, the portion of the award related to that threshold will vest as to 1/16 quarterly on each Quarterly Vesting Date following September 20, 2027, subject to the reporting person's continued service on each such date.
Signature
/s/ Ho Shin, Attorney-in-Fact|2026-04-17