[Form 4] Yext, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Yext, Inc. disclosed that investment funds associated with Lead Edge Capital executed open-market sales of a combined 4,948,782 shares of Yext common stock at $5.75 per share on March 23, 2026.
The sales were made by Lead Edge Capital V, LP (1,589,005 shares, leaving 2,518,405 shares), Lead Edge Capital VI, LP (1,535,117 shares, leaving 2,432,999 shares), and Lead Edge Public Fund, LP (1,824,660 shares, leaving 2,891,892 shares), all reported as indirect holdings.
Lead Edge Capital’s related general partner entities and managing members, including Mitchell H. Green, Brian Neider and Nimay Mehta, expressly disclaim beneficial ownership of these securities beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Lead Edge‑managed funds reported sizable, but still partial, Yext share sales.
Several funds managed by Lead Edge Capital sold a total of 4,948,782 Yext shares in open-market trades at $5.75. These are discretionary sales by institutional holders that collectively exceed typical insider transaction sizes.
Each fund retains a substantial remaining position, with post-transaction holdings between about 2.4 million and 2.9 million shares per fund. The filing emphasizes that various general partners and managing members disclaim beneficial ownership except for any pecuniary interest, highlighting that the activity is at the fund level rather than personal insider trading.
The transactions represent a net-sell pattern by a ten percent owner group but do not eliminate their exposure. Future ownership levels and any additional changes will have to be evaluated through later ownership and transaction reports.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,589,005 | $5.75 | $9.14M |
| Sale | Common Stock | 1,535,117 | $5.75 | $8.83M |
| Sale | Common Stock | 1,824,660 | $5.75 | $10.49M |
Footnotes (1)
- Shares held directly by Lead Edge Capital V, LP ("Fund V"). Lead Edge Capital Partners V, LLC ("Fund V GP") is the general partner of Fund V. Fund V is managed by Lead Edge Capital Management, LLC ("Lead Edge Capital"). Mitchell H. Green, Brian Neider and Nimay Mehta are the managing members of Lead Edge Capital. Each of Fund V GP, Lead Edge Capital, and Messrs. Green, Neider and Mehta disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. 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. Shares held directly by Lead Edge Capital VI, LP ("Fund VI"). Lead Edge Capital Partners VI, LLC ("Fund VI GP") is the general partner of Fund VI. Fund VI is managed by Lead Edge Capital. Each of Fund VI GP, Lead Edge Capital, and Messrs. Green, Neider and Mehta disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. 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. Shares held directly by Lead Edge Public Fund, LP ("Public Fund"). Lead Edge Public Fund GP, LLC ("Public Fund GP") is the general partner of Public Fund. Public Fund is managed by Lead Edge Capital. Each of Public Fund GP, Lead Edge Capital, and Messrs. Green, Neider and Mehta disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. 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.