Yext officer vests 40,937 RSUs; 20,899 withheld
Yext officer reports RSU vesting into common stock with shares withheld to cover tax obligations.
Rhea-AI Filing Summary
Yext, Inc. (YEXT) reported that officer Darryl Bond had restricted stock units vest and convert into common stock on September 20, 2026. A total of 3,437 and 37,500 restricted stock units each converted into the same number of common shares, and 20,899 shares were withheld at $6.14 per share to satisfy tax liabilities upon vesting. Each restricted stock unit represents a contingent right to receive one share of common stock, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,937 shares exercised/converted
Exercise
5 txns
Insider
Bond Darryl
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F3 | 3,437 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F4 | 37,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,437 | -- | -- |
| Exercise | Common Stock F1 | 37,500 | -- | -- |
| Tax Withholding | Common Stock F2 | 20,899 | $6.14 | $128K |
Holdings After Transaction:
Restricted Stock Unit — 197,813 contracts (Direct);
Common Stock — 775,570 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock.
- F2. Shares withheld to satisfy tax liability upon vesting of restricted stock units on September 20, 2026.
- F3. One-sixteenth of shares subject to award will vest on September 20, 2023 and quarterly thereafter on each December 20, March 20, June 20 and September 20, subject to the reporting person's continued service on each such date, until the award is fully vested on June 20, 2027.
- F4. One-eighth of shares subject to the award shall vest on March 20, 2026, and 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.
Key Figures
RSUs converted (first tranche): 3,437 units/shares
RSUs converted (second tranche): 37,500 units/shares
Shares withheld for taxes: 20,899 shares
+4 more
7 metrics
RSUs converted (first tranche)
3,437 units/shares
Restricted stock units converted into common stock on September 20, 2026
RSUs converted (second tranche)
37,500 units/shares
Restricted stock units converted into common stock on September 20, 2026
Shares withheld for taxes
20,899 shares
Shares withheld to satisfy tax liability upon RSU vesting on September 20, 2026
Withholding price per share
$6.14 per share
Price used for shares withheld to satisfy tax liability (code F transaction)
Total derivative shares exercised
40,937 units/shares
Aggregate restricted stock units exercised/converted according to transaction summary
RSU vesting end date (F3 award)
June 20, 2027
RSU award fully vests on June 20, 2027, subject to continued service
RSU vesting end date (F4 award)
December 20, 2027
RSU award fully vests on December 20, 2027, subject to continued service
Key Terms
Restricted Stock Unit, Rule 10b5-1, tax liability, vesting
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox is not selected for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
tax liability financial
"Shares withheld to satisfy tax liability upon vesting of restricted stock units"
vesting financial
"shares subject to award will vest on September 20, 2023 and quarterly thereafter"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did YEXT report for Darryl Bond on September 20, 2026?
Yext reported that officer Darryl Bond had 3,437 and 37,500 restricted stock units convert into common stock on September 20, 2026, with some of the resulting shares withheld to cover tax liabilities.
How many YEXT restricted stock units vested and converted into common stock?
Two tranches of restricted stock units vested: one for 3,437 units and another for 37,500 units. Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock upon vesting.
Was a Rule 10b5-1 trading plan used for this YEXT Form 4 transaction?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected, and the footnotes do not describe any Rule 10b5-1 trading plan, so the reported RSU vesting and tax withholding were not affirmed as made under such a plan.
What do the YEXT RSU vesting footnotes say about the vesting schedule?
One award vests in sixteenth increments from September 20, 2023 through June 20, 2027, and another vests in eighth increments from March 20, 2026 through December 20, 2027, subject to Darryl Bond’s continued service on each vesting date.
Does the YEXT Form 4 show open market buying or selling by the insider?
No. The transactions are RSU conversions into common stock and shares withheld to pay tax liabilities. The filing does not report any open market purchases or sales of Yext common stock by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.