Yext Executive's $1M Share Sale Tied to Tax Obligations, Not Market Sentiment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yext General Counsel Ho Shin reported significant stock transactions on June 20, 2025, involving multiple Restricted Stock Unit (RSU) vestings and subsequent share dispositions:
- Acquired 254,331 shares through the vesting of four separate RSU grants: - 3,125 shares from a fully vested 2021 grant - 14,063 shares from an ongoing grant vesting through 2026 - 150,000 shares from a single-tranche vesting - 87,143 shares from a grant vesting through December 2025
- Disposed of 127,421 shares at $8.08 per share to satisfy tax obligations
- Following these transactions, Shin directly owns 239,084 shares and retains 91,107 unvested RSUs
These transactions represent a significant equity event for the General Counsel, with the majority of shares being immediately sold for tax purposes, suggesting a planned liquidation strategy aligned with vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
254,331 shares exercised/converted
Mixed
9 txns
Insider
Shin Ho
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,125 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 14,063 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 150,000 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 87,143 | $0.00 | -- |
| Exercise | Common Stock | 3,125 | $0.00 | -- |
| Exercise | Common Stock | 14,063 | $0.00 | -- |
| Exercise | Common Stock | 150,000 | $0.00 | -- |
| Exercise | Common Stock | 87,143 | $0.00 | -- |
| Tax Withholding | Common Stock | 127,421 | $8.08 | $1.03M |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 115,299 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock. Shares withheld to satisfy tax liability upon vesting of restricted stock units on June 20, 2025. One-sixteenth of shares subject to award vested on September 20, 2021 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20, until the award fully vested on June 20, 2025. 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. 100% of the shares subject to award vested on June 20, 2025. Five-sevenths of shares subject to award vested on June 20, 2025, one-seventh of the shares shall vest on September 20, 2025, and the remaining one-seventh of the shares shall vest on December 20, 2025, in each case subject to Reporting Person's continued service on each such date.
FAQ
What are the vesting terms for Ho Shin's remaining YEXT RSUs?
Ho Shin has two remaining RSU grants with unvested shares: 56,250 RSUs vesting quarterly through June 20, 2026, and 34,857 RSUs vesting in two installments - one-seventh on September 20, 2025, and the final one-seventh on December 20, 2025.
What was the largest single RSU grant that vested for YEXT's General Counsel on June 20, 2025?
The largest single RSU grant that vested was 150,000 shares, which vested 100% on June 20, 2025.