Michael Walrath - Mar 12, 2025 Form 4 Insider Report for Yext, Inc. (YEXT)

Role
Chief Executive Officer, Director
Signature
/s/ Ho Shin, Attorney-in-Fact
Stock symbol
YEXT
Transactions as of
Mar 12, 2025
Transactions value $
$0
Form type
4
Date filed
3/13/2025, 04:09 PM
Previous filing
Dec 17, 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction YEXT Restricted Stock Unit Award $0 +625K $0.00 625K Mar 12, 2025 Common Stock 625K Direct F1, F2
transaction YEXT Performance-Based Restricted Stock Unit Award $0 +625K $0.00 625K Mar 12, 2025 Common Stock 625K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock.
F2 One-eighth of shares subject to the award shall vest on June 20, 2025, and quarterly thereafter on each September 20, December 20, March 20 and June 20, subject to the reporting person's continued service on each such date, until the award is fully vested on March 20, 2027.
F3 Each performance-based restricted stock unit, or PSU, represents a contingent right to receive one share of the Company's common stock.
F4 The PSUs will be eligible to vest based upon achievement of a combination of performance as measured using a measurement in growth of the Company's reported ARR and a "Rule of 40" summation of the percentage growth in the Company's reported ARR and Adjusted EBITDA Margins over two performance periods, one for fiscal year 2026 and one for fiscal year 2027. 50% of the total target PSUs will be eligible to be earned in each performance period, and the maximum number of PSUs that may become eligible to vest in connection with achievement in excess of the target to be no more than 250% of the target number of PSUs. The PSUs that become eligible to vest with respect to a performance period will vest on March 20 following the end of that performance period, subject to reporting person's continued service through that date.