Yext (YEXT) director and Lynrock Lake disclose 19,015,087 shares on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Yext, Inc. director and 10% owner Cynthia Paul, together with Lynrock Lake LP and Lynrock Lake Partners LLC, filed an initial statement of beneficial ownership of Yext common stock. The filing reports indirect ownership of 19,015,087 shares of common stock held by Lynrock Lake Master Fund LP.
The footnote explains that Lynrock Lake LP serves as investment manager to Lynrock Lake Master Fund LP with delegated voting and investment power, and that Cynthia Paul may be deemed to exercise voting and investment power through her roles at the Lynrock Lake entities. Each reporting person disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Paul Cynthia, Lynrock Lake LP, LYNROCK LAKE PARTNERS LLC
Role
null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,015,087 shares (Indirect, By Lynrock Lake Master Fund LP)
Footnotes (1)
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Key Figures
Indirect common shares owned: 19,015,087 shares
1 metrics
Indirect common shares owned
19,015,087 shares
Common Stock indirectly owned through Lynrock Lake Master Fund LP
Key Terms
beneficial ownership, pecuniary interest, Section 16 of the Exchange Act, investment manager, +1 more
5 terms
beneficial ownership financial
"Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein."
Section 16 of the Exchange Act regulatory
"This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose."
investment manager financial
"Lynrock Lake LP (the "Investment Manager") is the investment manager of Lynrock Lake Master and, pursuant to an investment management agreement, has been delegated full voting and investment power."
voting and investment power financial
"has been delegated full voting and investment power over securities of Yext, Inc. held by Lynrock Lake Master."
FAQ
What does the Yext (YEXT) Form 3 filed by Cynthia Paul and Lynrock Lake report?
The Form 3 reports initial beneficial ownership of 19,015,087 shares of Yext common stock held indirectly through Lynrock Lake Master Fund LP. It identifies Cynthia Paul and related Lynrock Lake entities as 10% owners and explains their investment management and control relationships in a detailed footnote.
Who are the reporting persons on the Yext (YEXT) Form 3 and what are their roles?
The reporting persons are Cynthia Paul, Lynrock Lake LP and Lynrock Lake Partners LLC. Cynthia Paul is a director of Yext and serves as Chief Investment Officer and Chief Executive Officer of Lynrock Lake LP, as well as sole member of Lynrock Lake Partners LLC, the general partner of the investment manager.
How is beneficial ownership characterized for Cynthia Paul and Lynrock Lake in the Yext (YEXT) Form 3?
The footnote states each reporting person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest. It also notes the report should not be deemed an admission of beneficial ownership for Section 16 of the Exchange Act or any other purpose.