YEXT Form 4: CFO RSUs Vest, Tax-Withholding of 39,241 Shares
Rhea-AI Filing Summary
Darryl Bond, Chief Financial Officer of Yext, Inc. (YEXT), reported vesting and related withholding of restricted stock units on Form 4 filed for transactions dated 09/20/2025. The filing shows multiple restricted stock unit awards converting to common stock: 2,500; 37,500; 3,437; and 33,428 units were reported as acquired (vesting) on 09/20/2025. The filing also reports 39,241 shares withheld to satisfy tax liability at a price of $8.81 per share. Following the reported transactions, the amounts of common stock beneficially owned after each transaction line are reported as 608,326; 645,826; 649,263; 682,691; and a final reported total of 643,450 shares after withholding.
Positive
- Disclosure compliance: Form 4 properly reports vesting and withholding, satisfying Section 16 reporting requirements.
- Specific vesting details provided: The filing lists exact RSU amounts (2,500; 37,500; 3,437; 33,428), improving transparency about executive compensation.
- Tax withholding disclosed: The filing specifies 39,241 shares were withheld to satisfy tax liability at $8.81 per share.
Negative
- No material negative events reported: The filing does not show sales that would indicate disposition beyond tax withholding.
- Post-withholding ownership reduced: Beneficial ownership is reported as 643,450 shares after the withholding, lower than some pre-withholding line totals.
Insights
TL;DR: Routine executive equity vesting with tax-withholding; no new cash sale or purchase activity beyond withholding reported.
The Form 4 documents vesting of multiple restricted stock unit awards for the CFO, resulting in issuance of common shares and an associated tax-withholding of 39,241 shares at $8.81 per share. The transactions are reported as direct beneficial ownership changes and reflect compensation vesting rather than a market sale or new external financing. Reported post-transaction beneficial ownership figures are included line-by-line in the filing.
TL;DR: Standard disclosure of executive compensation vesting and withholding; procedural and compliance-focused filing.
The filing meets Section 16 reporting requirements by showing the CFO's vested RSUs converting to common stock and shares withheld for taxes. Details include vesting schedules referenced in the explanatory notes and the signature by an attorney-in-fact, indicating proper execution. The filing contains no indications of discretionary transfers, pledges, or sales beyond tax-related withholding.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 37,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,437 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 33,428 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 37,500 | $0.00 | -- |
| Exercise | Common Stock | 3,437 | $0.00 | -- |
| Exercise | Common Stock | 33,428 | $0.00 | -- |
| Tax Withholding | Common Stock | 39,241 | $8.81 | $346K |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock. Shares withheld to satisfy tax liability upon vesting of restricted stock units on September 20, 2025. Shares subject to award vest on December 20, 2021 and then quarterly thereafter on each of March 20, June 20, September 20 and December 20 in each case subject to the executive's continued service on each such date, until the award is fully vested on September 20, 2025. Forty percent of total shares subject to award vest in equal quarterly increments over the first four vesting dates, 30 percent of total shares subject to award vest in equal quarterly increments over the following four vesting dates, 20 percent of total shares subject to award vest in equal quarterly increments over the following four vesting dates, and 10 percent of total shares subject to award vest in equal quarterly increments over the final four vesting dates. One-sixteenth of shares subject to award vested on June 20, 2022 and then quarterly thereafter on each of September 20, December 20 and March 20 of each year, subject to the reporting person's continued service on each such date. 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. Five-sevenths of shares subject to award shall vest on June 20, 2025, one-seventh of the shares shall vest on September 20, 2025, and the remaining one-seventh of the shares shall vest on December 20, 2025, in each case subject to Reporting Person's continued service on each such date.
