[Form 4] Yext, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Shin Ho reported acquisition or exercise transactions in this Form 4 filing.
Yext, Inc. General Counsel Shin Ho received new equity awards consisting of time-based and performance-based restricted stock units. The grant includes 283,826 restricted stock units, each representing one share of Yext common stock, at no cash cost.
These RSUs vest in sixteen equal installments, with the first vesting on December 20, 2027 and additional portions vesting quarterly on March 20, June 20, September 20, and December 20 until fully vested on September 20, 2031, contingent on continued service.
Ho also received two performance-based RSU awards of 275,478 units each. For one PSU award, 25% of the shares become eligible to vest when Yext’s average stock price reaches $12, $15, $17, and $20, with earned portions vesting on the next Quarterly Vesting Date. For the other PSU award, 25% of the shares become eligible at average price milestones of $9, $11, $13, and $15, with earned portions vesting in sixteenths on Quarterly Vesting Dates after September 20, 2027, in each case subject to Ho’s continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 283,826 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Unit | 275,478 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Unit | 275,478 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of Yext, Inc. (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.