[Form 4] Yext, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Yext, Inc. Chief Financial Officer Darryl Bond reported multiple equity compensation transactions tied to restricted stock units and performance-based awards on March 20, 2026. Several RSU and PSU awards were exercised or converted into a total of 108,437 shares of common stock at a conversion price of $0.0000 per share, reflecting scheduled vesting rather than open-market purchases.
The filing shows a grant of 5,239 additional shares of common stock as a compensation award, and 58,033 shares withheld at $4.79 per share to satisfy tax liabilities upon vesting. After these transactions, Bond directly owned 735,494 shares of Yext common stock.
Footnotes describe a performance-based award covering a target of 60,000 PSUs over fiscal 2026 and 2027, measured on ARR growth and a Rule of 40 metric combining ARR growth and Adjusted EBITDA margins. For the first performance period, approximately 117.46% performance on a 30,000-target PSU tranche led to 35,239 PSUs vesting on March 20, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 37,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,437 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 37,500 | $0.00 | -- |
| Exercise | Performance-Based Restricted Stock Unit | 30,000 | $0.00 | -- |
| Exercise | Common Stock | 37,500 | $0.00 | -- |
| Exercise | Common Stock | 3,437 | $0.00 | -- |
| Exercise | Common Stock | 37,500 | $0.00 | -- |
| Exercise | Common Stock | 30,000 | $0.00 | -- |
| Grant/Award | Common Stock | 5,239 | $0.00 | -- |
| Tax Withholding | Common Stock | 58,033 | $4.79 | $278K |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. A target of 60,000 performance-based RSUs ("PSUs"), become 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 reported ARR and Adjusted EBITDA Margins over each of fiscal 2026 and fiscal 2027 (each, a "Performance Period"). 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 shall be no more than 250% of the target 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. For the first Performance Period, 35,239 PSUs vested on March 20, 2026 based on achievement of approximately 117.46% performance for 30,000 target PSUs. Each PSU represents a contingent right to receive one share of the Company's common stock. Shares withheld to satisfy tax liability upon vesting of restricted stock units on March 20, 2026. One-sixteenth of shares subject to award vested on June 20, 2022 and vests quarterly thereafter on each of September 20, December 20 and March 20 of each year, subject to the reporting person's continued service on each such date. One-sixteenth of shares subject to award vested on September 20, 2023 and vests quarterly thereafter on each December 20, March 20, June 20 and September 20, subject to the reporting person's continued service on each such date, until the award is fully vested on June 20, 2027. One-eighth of shares subject to the award vested on March 20, 2026 and vests quarterly thereafter on each June 20, September 20, December 20, and March 20, subject to the reporting person's continued service on each such date, until the award is fully vested on December 20, 2027.
