Michael Walrath - 20 Jun 2025 Form 4 Insider Report for Yext, Inc. (YEXT)

Signature
/s/ Ho Shin, Attorney-in-Fact
Issuer symbol
YEXT
Transactions as of
20 Jun 2025
Transactions value $
-$1,863,684
Form type
4
Filing time
23 Jun 2025, 16:09:46 UTC
Previous filing
13 Mar 2025
Next filing
22 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Walrath Michael Chief Executive Officer, Director 61 NINTH AVENUE, NEW YORK /s/ Ho Shin, Attorney-in-Fact 23 Jun 2025 0001702012

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YEXT Common Stock Options Exercise +78.1K +2.52% 3.18M 20 Jun 2025 Direct F1, F2
transaction YEXT Common Stock Options Exercise +392K +12.33% 3.57M 20 Jun 2025 Direct F1
transaction YEXT Common Stock Tax liability -$1.86M -231K -6.46% $8.08 3.34M 20 Jun 2025 Direct F3
holding YEXT Common Stock 32.5K 20 Jun 2025 See footnote F4
holding YEXT Common Stock 16.3K 20 Jun 2025 See footnote F5
holding YEXT Common Stock 16.2K 20 Jun 2025 See footnote F6

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 Options Exercise $0 -78.1K -12.5% $0.00 547K 20 Jun 2025 Common Stock 78.1K Direct F1, F7
transaction YEXT Performance-Based Restricted Stock Unit Options Exercise $0 -392K -38.54% $0.00 625K 20 Jun 2025 Common Stock 392K Direct F8, F9
* 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 Includes 2,034,769 shares previously held by a limited liability company over which the Reporting Person has sole voting and dispositive control that were transferred into a brokerage account held directly by the Reporting Person on April 22, 2025.
F3 Shares withheld to satisfy tax liability upon vesting of restricted stock units on June 20, 2025.
F4 Securities are held by a trust the beneficiaries of which are the Reporting Person's children.
F5 Securities are held by a trust of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person.
F6 Securities are held by a trust, separate from the trust referenced in footnote 5, of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person.
F7 One-eighth of shares subject to the award vested on June 20, 2025, and vests 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.
F8 Each performance-based restricted stock unit, or PSU, represents a contingent right to receive one share of the Company's common stock.
F9 A target number of 1,250,000 PSUs become eligible to vest based on the Company's total shareholder return ("Company TSR") during each of the following performance periods (each, a "Performance Period") relative to the total shareholder return of companies in the S&P Software and Services Select Index (the "Indexed Companies"): (i) December 19, 2023 to March 31, 2025; and (ii) December 19, 2023 to March 31, 2026. PSUs that become eligible to vest based on performance for a Performance Period vest on June 20 following the applicable Performance Period, subject to continued service to the Company through the vesting date. The total number of PSUs that will be eligible to vest range from 0% to 200% of the target number of PSUs. For the first Performance Period, 391,875 PSUs vested on June 20, 2025 based on performance of 62.70% of 625,000 target PSUs, and 233,125 PSUs were forfeited.