Yext (NYSE: YEXT) CAO granted RSUs and PSUs, sells 10,000 shares
Rhea-AI Filing Summary
Yext, Inc. Chief Accounting Officer Allan Tang reported new equity awards and a small stock sale. On April 16, 2026, he received 94,609 restricted stock units and two performance-based restricted stock unit awards of 91,826 units each, with each unit representing one share of common stock. Time-based RSUs begin vesting on December 20, 2027 and continue quarterly until fully vested on September 20, 2031. The PSUs can vest in 25% tranches when Yext’s average stock price reaches thresholds between $9 and $20 per share, with vesting tied to future quarterly dates and continued service. On April 15, 2026, Tang also sold 10,000 shares of common stock at a weighted average price of $3.6161 per share, leaving him with 7,848 common shares directly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 94,609 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Unit | 91,826 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Unit | 91,826 | $0.00 | -- |
| Sale | Common Stock | 10,000 | $3.6161 | $36K |
Footnotes (1)
- Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $3.60 to $3.635, inclusive. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, Yext, Inc. (the "Company"), or a security holder of the Company, full information regarding the number of shares sold at each separate price. Each restricted stock unit represents a contingent right to receive one share of common stock of the Company. One-sixteenth of shares subject to the award shall vest on December 20, 2027, and quarterly thereafter on each March 20, June 20, September 20, and December 20 (each, a "Quarterly Vesting Date"), subject to the reporting person's continued service on each such date, until the award is fully vested on September 20, 2031. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock. 25% of the shares subject to the PSUs will be eligible to vest following the award's grant date based on the Company's average stock price trading at each of the following milestones: $12, $15, $17 and $20 per share. Once a price threshold is achieved, the portion of the award related to that threshold will vest on the next Quarterly Vesting Date, subject to the reporting person's continued service on such date. 25% of the shares subject to the PSUs will be eligible to vest following the award's grant date based on the Company's average stock price trading at each of the following milestones: $9, $11, $13 and $15 per share. Once a price threshold is achieved, the portion of the award related to that threshold will vest as to 1/16 quarterly on each Quarterly Vesting Date following September 20, 2027, subject to the reporting person's continued service on each such date.