Yext (YEXT) CEO Michael Walrath Exercises RSUs; 39,572 Shares Withheld

What Happened

• Michael Walrath, CEO of Yext, had 78,125 restricted stock units (RSUs) convert/exercise into common stock on Sept. 20, 2026. Of those, 39,572 shares were withheld to satisfy tax withholding at $6.14/share (total value $242,972). The net result is roughly 38,553 shares issued to Walrath or his designated trusts.

Key Details

• Transaction date: 2026-09-20; Form filed: 2026-09-22 (filed within the normal reporting window).
• Reported actions: conversion/exercise of 78,125 derivative awards (RSUs); 39,572 shares withheld to cover taxes (code F).
• Withholding price/value: $6.14 per share; total tax withholding value reported $242,972.
• Net shares issued: approximately 78,125 − 39,572 = 38,553 (not all Form 4s list post-transaction beneficial ownership; total holdings after the transaction not provided here).
• Relevant footnotes: F1 (each RSU = one share), F2 (shares withheld for tax on vesting), F6 (award vests in installments—one‑eighth initially and quarterly through March 20, 2027), F3–F5 (some securities held in trusts for family beneficiaries).
• Filing timeliness: Not indicated as late; filed two days after the transaction.

Context

• This was a routine vesting/conversion of RSUs, not an open‑market purchase or optional sale. The withholding of 39,572 shares is a cashless tax-withholding event to satisfy income tax obligations on vesting and does not necessarily indicate a change in insider sentiment. For retail investors, purchases typically carry more direct informational value than routine vesting and withholding.