Yext (YEXT) counsel vests 57,187 RSUs; 34,180 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yext, Inc. General Counsel Shin Ho reported equity compensation activity involving restricted stock units and performance-based units. On March 20, 2026, Ho exercised or converted derivative awards into 57,187 shares of common stock, reflecting vesting of time-based RSUs and performance-based RSUs tied to company metrics.
Footnotes state that 23,493 performance-based RSUs vested for the first performance period based on approximately 117.46% achievement against a 20,000 target. Yext withheld 34,180 shares at $4.79 per share to cover tax obligations upon vesting. After these transactions, Ho directly owned 297,010 shares of Yext common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
57,187 shares exercised/converted
Mixed
8 txns
Insider
Shin Ho
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 14,062 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 23,125 | $0.00 | -- |
| Exercise | Performance-Based Restricted Stock Unit | 20,000 | $0.00 | -- |
| Exercise | Common Stock | 14,062 | $0.00 | -- |
| Exercise | Common Stock | 23,125 | $0.00 | -- |
| Exercise | Common Stock | 20,000 | $0.00 | -- |
| Grant/Award | Common Stock | 3,493 | $0.00 | -- |
| Tax Withholding | Common Stock | 34,180 | $4.79 | $164K |
Holdings After Transaction:
Restricted Stock Unit — 14,063 shares (Direct);
Performance-Based Restricted Stock Unit — 20,000 shares (Direct);
Common Stock — 284,572 shares (Direct)
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 40,000 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, 23,493 PSUs vested on March 20, 2026 based on achievement of approximately 117.46% performance for 20,000 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 September 20, 2022 and vests quarterly thereafter on each of December 20, March 20, June 20 and September 20 and in each case subject to the reporting person's continued service on each such date, until the award is fully vested on June 20, 2026. 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.
FAQ
What insider activity did Yext (YEXT) report for General Counsel Shin Ho?
Yext reported that General Counsel Shin Ho had restricted stock units and performance-based units vest into common stock. These derivative awards converted into 57,187 shares on March 20, 2026, reflecting both time-based and performance-based equity compensation rather than open-market stock purchases or sales.
What performance result drove vesting of Yext performance-based RSUs for Shin Ho?
For the first performance period, 23,493 performance-based restricted stock units vested for Shin Ho. This vesting was based on approximately 117.46% performance achievement against a 20,000-unit target, measured using Yext’s reported ARR growth and a Rule of 40 metric including Adjusted EBITDA margins.
What is the structure of Shin Ho’s performance-based RSUs at Yext (YEXT)?
Shin Ho has performance-based RSUs with a 40,000 target, split across fiscal 2026 and 2027 performance periods. Half the target can be earned each period, with a maximum of 250% of target, based on ARR growth and a Rule of 40 combining ARR growth and Adjusted EBITDA margins.
How do Shin Ho’s time-based RSUs at Yext vest over time?
One RSU award vests in sixteenth increments: one-sixteenth vested on September 20, 2022, then quarterly through June 20, 2026. Another vests in eighth increments: one-eighth vested on March 20, 2026, then quarterly through December 20, 2027, conditioned on continued service at each vesting date.