Davis Mark Steven 4

What Happened

• Mark S. Davis, a director of Yext, reported a mix of equity award activity. On June 10, 2026 he was granted 43,209 restricted stock units (RSUs) (code A) at $0.00 (an award). On June 11, 2026 a prior award fully vested (code M): 27,131 RSUs converted into shares and the same 27,131 shares were surrendered/disposed at $0 (consistent with tax withholding rather than an open‑market sale). No cash proceeds are reported for the surrendered shares.

Key Details

• Transaction dates/prices: Grant 6/10/2026 — 43,209 RSUs @ $0.00 (award). Vest/convert 6/11/2026 — 27,131 RSUs converted to shares (acquired) and 27,131 shares disposed @ $0.00 (withholding). Codes: A = award/grant; M = exercise/conversion of a derivative.
• Shares owned after transaction: Total beneficial ownership after these events is not specified in the provided excerpt.
• Relevant footnotes:
  • F1: Each RSU equals the contingent right to receive one share.
  • F2: Includes 20,834 restricted shares that vest on June 12, 2027 (service‑based).
  • F3: The 43,209‑RSU award vests 100% on June 10, 2027 (service‑based).
  • F4: The vested award that converted on June 11, 2026 vested 100% on that date.
• Timeliness: Form 4 filed 6/12/2026 for report period 6/10/2026 — filing appears timely (not marked late).

Context

• These transactions are primarily compensation/vesting events (RSU grant and vesting) rather than open‑market buys or discretionary sales. The same number of shares were converted and then surrendered at $0, which is typical when shares are withheld to satisfy tax withholding obligations and does not necessarily reflect a decision to sell for cash. Such routine award/withholding activity is common for executives and directors and should be interpreted differently from voluntary market sales or purchases.