[Form 4] Yext, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Yext director Evan Skorpen received 20,790 restricted stock units (RSUs) on 09/30/2025, each converting to one share of common stock upon vesting. After the grant, the reporting person is shown as having beneficial ownership of 159,575 shares, which includes 6,541 restricted shares vesting 03/20/2026 and 27,131 restricted shares vesting 06/11/2026. The RSU award vests in annual installments with one-third having vested on 09/30/2023 and the remainder fully vesting on 09/30/2025, subject to continued service. The reporting person is a director and a partner at Lead Edge Capital and states an obligation to remit proceeds from any sale of shares issued on vesting to Lead Edge Capital, disclaiming beneficial ownership except to the extent of any pecuniary interest.
Positive
- Director alignment via equity: Grant of 20,790 RSUs ties the director’s compensation to company performance through vesting into common stock.
Negative
- Limited claimed beneficial ownership: Reporting person disclaims beneficial ownership due to obligation to remit proceeds to Lead Edge Capital, reducing asserted insider economic control.
Insights
TL;DR: Director received 20,790 RSUs, increasing reported holdings to 159,575 shares; however, a third-party proceeds remittance limits claimed beneficial ownership.
The grant of 20,790 RSUs is a routine director equity award that increases reported economic exposure to YEXT equity and aligns the director with shareholder value over the vesting period. The filing explicitly notes prior restricted stock (6,541 and 27,131 shares) and the vesting schedule that completed on 09/30/2025, clarifying the timing of equity recognition. The disclosure that proceeds must be remitted to Lead Edge Capital and the attendant disclaimer reduce the reporting person's claimed control over these shares for Section 16 purposes, which is relevant for assessing true insider influence on trading and potential conflict of interest.
TL;DR: Equity compensation follows standard vesting cadence; the partner relationship with Lead Edge Capital creates a pecuniary but disclaimable interest.
The structure—RSUs converting one-for-one to common stock with time-based vesting—matches common governance practices for director compensation. The reporting person’s disclosure that proceeds will be remitted to Lead Edge Capital is an important governance detail: it signals the economic benefit may flow to the partner firm rather than the individual, and the reporting person formally disclaims beneficial ownership for Section 16 except for any pecuniary interest. This distinction matters for insider reporting, potential voting influence, and future Form 4 disclosures if shares are sold following vesting.