Yext CEO reports 78K RSUs vesting, tax withholding
Yext CEO Michael Walrath settled RSUs into common stock, with part of the shares withheld to cover taxes and the rest of the award continuing to vest through 2027.
Rhea-AI Filing Summary
Yext, Inc. (YEXT) director and Chief Executive Officer Michael Walrath reported the vesting and settlement of restricted stock units into common shares on September 20, 2026. An award of 78,125 restricted stock units was exercised into 78,125 shares of common stock, and 39,572 shares were delivered or withheld to satisfy tax liability at $6.14 per share. Following this vesting, 156,250 restricted stock units from the same award remain outstanding and continue to vest quarterly through March 20, 2027, subject to his continued service. No Rule 10b5-1 trading plan is reported. Some additional common shares are held indirectly through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F6 | 78,125 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 78,125 | -- | -- |
| Tax Withholding | Common Stock F2 | 39,572 | $6.14 | $243K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Footnotes (6)
- 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. Securities are held by a trust the beneficiaries of which are the Reporting Person's children.
- F4. Securities are held by a trust of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person.
- F5. Securities are held by a trust, separate from the trust referenced in footnote 4, of which the Reporting Person's spouse is the trustee and the beneficiaries of which are certain family members of the Reporting Person.
- F6. One-eighth of shares subject to the award shall vest on June 20, 2025, and quarterly thereafter on each September 20, December 20, March 20 and June 20, subject to the reporting person's continued service on each such date, until the award is fully vested on March 20, 2027.
Key Figures
Key Terms
Restricted Stock Unit financial
tax liability financial
vesting financial
indirect ownership financial
trust financial
FAQ
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What did YEXT CEO Michael Walrath report in this Form 4?
How many YEXT restricted stock units remain from this award after the transaction?
What is the vesting schedule for Michael Walrath’s YEXT RSU award?
Was this YEXT Form 4 filed under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.