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Yext, Inc.·4

Apr 17, 6:32 PM ET

Tang Allan 4

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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.