Yext Executive Offloads 185,000 Shares: Tax-Related Sale After RSU Milestone
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yext CFO Darryl Bond reported significant insider transactions on June 20, 2025, involving multiple Restricted Stock Unit (RSU) vestings and a subsequent share disposition:
Key transactions include:
- Acquisition of 363,706 shares through the vesting of six separate RSU grants
- Disposition of 185,675 shares at $8.08 per share for tax withholding purposes
- Net beneficial ownership increased to 605,826 shares following all transactions
Notable vesting events included a 150,000-share RSU grant that fully vested and a 167,143-share RSU grant with five-sevenths vesting. Bond retains several ongoing RSU grants with continued vesting through 2027, including remaining balances of 112,500 shares and 66,857 shares subject to continued service requirements.
Positive
- None.
Negative
- CFO Darryl Bond disposed of 185,675 shares (approximately $1.5M worth) through tax withholding, reducing total holdings from 791,501 to 605,826 shares
Insider Trade Summary
363,706 shares exercised/converted
Mixed
13 txns
Insider
Bond Darryl
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,125 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 37,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,438 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 150,000 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 167,143 | $0.00 | -- |
| Exercise | Common Stock | 3,125 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 37,500 | $0.00 | -- |
| Exercise | Common Stock | 3,438 | $0.00 | -- |
| Exercise | Common Stock | 150,000 | $0.00 | -- |
| Exercise | Common Stock | 167,143 | $0.00 | -- |
| Tax Withholding | Common Stock | 185,675 | $8.08 | $1.50M |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 430,920 shares (Direct)
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 June 20, 2025. One-sixteenth of shares subject to award vested on September 20, 2021 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20, until the award fully vested on June 20, 2025. Shares subject to award vest on December 20, 2021 and vests quarterly thereafter on each of March 20, June 20, September 20 and December 20, in each case subject to the Reporting Person'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 vested in equal quarterly increments over the first four vesting dates, 30 percent of total shares subject to award vested in equal quarterly increments over the following four vesting dates, 20 percent of total shares subject to award vested 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 vests 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, until the award is fully vested on March 20, 2026. One-sixteenth of shares subject to award vested on September 20, 2023 and vests 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. 100% of the shares subject to award vested on June 20, 2025. Five-sevenths of shares subject to award vested 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.
