Tang Allan 4

What Happened

• Allan Tang, Chief Accounting Officer of Yext, had 6,075 restricted stock units (RSUs) convert to common shares on June 20, 2026. Of those, 3,001 shares were withheld to satisfy tax withholding at $3.80 per share for proceeds of approximately $11,404. The net shares delivered to Tang were 3,074 (6,075 vested − 3,001 withheld).
• The filing shows the RSU conversion as a derivative exercise/conversion (code M) and the withholding for taxes as a disposition (code F). This is a routine vesting and tax-withholding transaction, not an open-market purchase or sale for investment purposes.

Key Details

• Transaction date: June 20, 2026; Form 4 filed June 22, 2026 (timely).
• Converted/vested: 6,075 RSUs → 6,075 shares (derivative exercise/conversion).
• Withheld for taxes: 3,001 shares at $3.80 each = $11,404 (disposed to cover tax liability).
• Net shares delivered to insider: 3,074 shares.
• Footnotes: F1 = each RSU converts to one share; F2 = shares withheld to satisfy tax liability on vesting; F3 = vesting schedule — 27,100 RSUs vested March 20, 2026 and 6,075 RSUs vest quarterly on June 20, Sept 20, Dec 20 and March 20 through March 20, 2029 (subject to continued service).
• Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for total beneficial ownership.

Context

• This was a standard RSU vesting with tax withholding (cashless/net share settlement), not a market sale or purchase; withholding is common and does not necessarily indicate a change in insider sentiment.
• For derivative/option/RSU transactions, conversion to shares followed by share withholding to cover taxes is routine and expected under company award terms.