Yext director receives 43,209-share RSU board grant
SHEEHAN ANDREW T reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SHEEHAN ANDREW T reported acquisition or exercise transactions in this Form 4 filing.
Yext, Inc. director Andrew T. Sheehan reported a compensation-related equity award. He received an annual grant of 43,209 restricted stock units of common stock for board service, awarded for no cash consideration. All shares subject to the award are scheduled to vest on June 10, 2027, contingent on his continued service. Following this grant, he holds 199,583 common shares directly, and additional shares are held indirectly through Tippet Venture Partners limited partnerships and a trust, where he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 43,209 shares
Grant/Award
4 txns
Insider
SHEEHAN ANDREW T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43,209 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 199,583 shares (Direct);
Common Stock — 1,000,000 shares (Indirect, By Ltd Partnership (TVP II));
Common Stock — 447,048 shares (Indirect, By Ltd Partnership);
Common Stock — 306,744 shares (Indirect, By Trust)
Footnotes (4)
- F1. Annual grant in connection with service on the Board of Directors of the Issuer. The shares represent restricted stock units that were received as an award, for no consideration. 100% of the shares subject to award shall vest on June 10, 2027, subject to the reporting person's continued service to the Issuer on such date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2. Shares held by Tippet Venture Partners II, L.P. of which the reporting person is the managing director of the general partner of Tippet Venture Partners II, L.P. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F3. Shares held by Tippet Venture Partners, L.P. of which the reporting person is the managing director of the general partner of Tippet Venture Partners, L.P. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- F4. Shares held by a trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
Key Figures
RSU grant size: 43,209 shares
Direct holdings after grant: 199,583 shares
TVP II indirect holdings: 1,000,000 shares
+2 more
5 metrics
RSU grant size
43,209 shares
Annual Board grant of restricted stock units, awarded for no consideration
Direct holdings after grant
199,583 shares
Common stock directly owned by Andrew T. Sheehan after the award
TVP II indirect holdings
1,000,000 shares
Common stock held by Tippet Venture Partners II, L.P., with disclaimed beneficial ownership except pecuniary interest
TVP indirect holdings
447,048 shares
Common stock held by Tippet Venture Partners, L.P., with disclaimed beneficial ownership except pecuniary interest
Trust indirect holdings
306,744 shares
Common stock held by a trust where Sheehan is trustee, with beneficial ownership disclaimed except pecuniary interest
Key Terms
restricted stock units, pecuniary interest, disclaims beneficial ownership, Board of Directors, +1 more
5 terms
restricted stock units financial
"The shares represent restricted stock units that were received as an award, for no consideration."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein."
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein."
Board of Directors financial
"Annual grant in connection with service on the Board of Directors of the Issuer."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
trustee financial
"Shares held by a trust of which the reporting person is a trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Yext (YEXT) director Andrew T. Sheehan report on this Form 4?
Andrew T. Sheehan reported receiving an annual equity award of restricted stock units as compensation for serving on Yext’s Board. The filing also updates his direct and indirect common stock holdings, including shares held via partnerships and a trust with limited beneficial ownership.
When do Andrew T. Sheehan’s new Yext restricted stock units vest?
All of Andrew T. Sheehan’s newly granted restricted stock units are scheduled to vest on June 10, 2027. Vesting is contingent on his continued service to Yext through that date, after which each unit converts into one share of common stock.
What indirect Yext (YEXT) holdings are associated with Andrew T. Sheehan?
Indirect holdings include shares held by Tippet Venture Partners II, L.P., Tippet Venture Partners, L.P., and a trust. Sheehan is affiliated with these entities but disclaims beneficial ownership in the shares except for any pecuniary interest he may have.
Was Andrew T. Sheehan’s Yext equity award a market purchase or compensation grant?
The Form 4 describes the transaction as an annual grant of restricted stock units for Board service, received for no consideration. This characterizes it as a compensation-related equity award, not an open-market purchase or sale of Yext shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
