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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.

(Neutral)
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Form Type
4

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.

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Insider Walrath Michael
Role Chief Executive Officer
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 -- -- --
Holdings After Transaction: Restricted Stock Unit — 156,250 contracts (Direct); Common Stock — 4,002,649 shares (Direct); Common Stock — 64,987 shares (Indirect, See footnote)
Footnotes (6)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock.
  2. F2. Shares withheld to satisfy tax liability upon vesting of restricted stock units on September 20, 2026.
  3. F3. Securities are held by a trust the beneficiaries of which are the Reporting Person's children.
  4. 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.
  5. 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.
  6. 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.
RSUs converted to common stock 78,125 shares Restricted stock units vested and converted on September 20, 2026
Common shares withheld for taxes 39,572 shares Shares delivered or withheld to satisfy tax liability on September 20, 2026
Tax withholding price $6.14 per share Price used for tax-liability share withholding transaction
Remaining RSUs from award 156,250 units Restricted stock units remaining outstanding after reported vesting
RSU-to-share conversion ratio 1 RSU : 1 share Each restricted stock unit represents one share of common stock
Vesting period end date March 20, 2027 Date on which the RSU award is scheduled to be fully vested
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.
tax liability financial
"Shares withheld to satisfy tax liability upon vesting of restricted stock units"
vesting financial
"shall vest on June 20, 2025, 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.
indirect ownership financial
"Securities are held by a trust the beneficiaries of which are the Reporting Person's children"
trust financial
"Securities are held by a trust of which the Reporting Person's spouse is the trustee"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did YEXT CEO Michael Walrath report in this Form 4?

He reported vesting and settlement of 78,125 restricted stock units into 78,125 shares of Yext common stock on September 20, 2026, related to a pre-existing equity award.

How many YEXT shares were withheld for taxes in this filing?

39,572 shares of Yext common stock were delivered or withheld to satisfy tax liability upon RSU vesting, at a price of $6.14 per share, as disclosed in the tax-withholding transaction.

How many YEXT restricted stock units remain from this award after the transaction?

After the September 20, 2026 vesting, 156,250 restricted stock units tied to this award remain outstanding, according to the filing’s derivative security line.

What is the vesting schedule for Michael Walrath’s YEXT RSU award?

The award vests in eight installments: one-eighth on June 20, 2025, and then quarterly on each September 20, December 20, March 20, and June 20, until it is fully vested on March 20, 2027, subject to his continued service.

Was this YEXT Form 4 filed under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 plan; the related checkbox is not marked as being made under such a trading arrangement.

Does Michael Walrath hold any YEXT shares indirectly?

Yes. The filing states that some Yext common stock is held by trusts for his children and certain family members, including trusts where his spouse serves as trustee.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Walrath Michael

(Last)(First)(Middle)
61 NINTH AVENUE

(Street)
NEW YORK NEW YORK 10011

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Yext, Inc. [ YEXT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock09/20/2026M78,125A(1)4,042,221D
Common Stock09/20/2026F(2)39,572D$6.144,002,649D
Common Stock32,485ISee footnote(3)
Common Stock16,265ISee footnote(4)
Common Stock16,237ISee footnote(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)09/20/2026M78,125 (6) (6)Common Stock78,125$0156,250D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock.
2. Shares withheld to satisfy tax liability upon vesting of restricted stock units on September 20, 2026.
3. Securities are held by a trust the beneficiaries of which are the Reporting Person's children.
4. 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.
5. 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.
6. 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.
Remarks:
/s/ Ho Shin, Attorney-in-Fact09/22/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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