Director at Yext (NYSE: YEXT) receives 43,209 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Skorpen Evan reported acquisition or exercise transactions in this Form 4 filing.
Yext, Inc. director Evan Skorpen received a grant of 43,209 restricted stock units (RSUs), each representing one share of Yext common stock. The award vests 100% on June 10, 2027, conditional on his continued service with the company through that date.
The RSUs were granted as director compensation. Footnotes state Skorpen is a partner at Lead Edge Capital and must remit proceeds from any future sale of shares issued upon vesting to Lead Edge Capital, and he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Skorpen Evan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 43,209 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 43,209 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. 100% of the shares subject to the award vest on June 10, 2027, subject to the Reporting Person's continued service to the Company on such date. The restricted stock units were granted to the Reporting Person, a director of the Company. The Reporting Person is also a partner at Lead Edge Capital, and is obligated to remit the proceeds of any sale of shares of common stock issued to the Reporting Person upon vesting of the restricted stock units to Lead Edge Capital. As such, the Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of this pecuniary interest therein, if any.
Key Figures
RSUs granted: 43,209 units
Underlying common shares: 43,209 shares
Transaction price per RSU: $0.00 per unit
+2 more
5 metrics
RSUs granted
43,209 units
Restricted stock units awarded to director Evan Skorpen
Underlying common shares
43,209 shares
Each RSU represents one share of Yext common stock
Transaction price per RSU
$0.00 per unit
Equity grant, not an open-market purchase
Vesting date
June 10, 2027
100% of RSUs vest on this date, subject to continued service
Holdings after grant
43,209 RSUs
Total restricted stock units following this acquisition
Key Terms
Restricted Stock Unit, beneficial ownership, pecuniary interest, Section 16
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock."
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of this pecuniary interest therein, if any."
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Yext (YEXT) director Evan Skorpen report on this Form 4?
Yext director Evan Skorpen reported receiving a grant of 43,209 restricted stock units. Each RSU represents one share of Yext common stock, forming part of his director compensation as disclosed in the Form 4 filing.
How many Yext (YEXT) restricted stock units did Evan Skorpen receive?
Evan Skorpen received 43,209 restricted stock units from Yext. These RSUs are derivative securities that convert into an equal number of Yext common shares upon vesting, reflecting a sizeable equity-based compensation award for his board service.
When do Evan Skorpen’s Yext (YEXT) RSUs vest?
All 43,209 restricted stock units vest on June 10, 2027. Vesting is contingent on Skorpen’s continued service to Yext through that date, meaning he must remain in his role for the units to settle into common shares.
What does each Yext (YEXT) restricted stock unit represent in this filing?
Each restricted stock unit represents a contingent right to receive one share of Yext common stock. The units have a stated price of $0.00 per unit and convert into common shares only when the vesting conditions are satisfied.
Is this Yext (YEXT) Form 4 an open-market stock purchase or sale?
No, the Form 4 reflects a grant of restricted stock units, coded as an acquisition award. It is compensation-related, with no open-market purchase or sale reported and a transaction price per unit of $0.00 in the filing.