Yext SEC Filings

Michael Walrath, CEO and director of Yext, Inc. (YEXT), reported restricted stock unit vesting and related share transactions on September 20, 2025. A grant of 78,125 RSUs vested in part, triggering issuance of 78,125 shares; 39,883 shares were withheld to satisfy tax obligations, leaving the reporting person with 3,376,875 shares directly owned after the transactions. The filing also discloses 32,485, 16,265 and 16,237 shares held indirectly in three family trusts. The RSU award vests in installments with one-eighth vested June 20, 2025 and remaining quarterly vesting through March 20, 2027.

Yext, Inc. reported interim results highlighting continued subscription-led revenue with inorganic growth from acquisitions and new financing to support operations. The company completed the acquisitions of Hearsay (Aug 1, 2024) and Places Scout (Feb 7, 2025) and finalized acquisition accounting adjustments during the period. Yext entered a May 15, 2025 credit agreement with BlackRock and borrowed $100.0 million of initial term loans; the facility includes up to $100.0 million available in delayed/d discretionary draws and matures May 15, 2030. As of July 31, 2025, remaining performance obligations were $445.0 million, current unearned revenue $185.6 million, and escrow balances related to acquisitions totaled $15.5 million (Hearsay) and $1.5 million (Places Scout). For the three months ended July 31, 2025, cost of revenue was $28.1 million and gross margin was 75.2%. The company reported net income of $27.5 million for the six months ended July 31, 2025, but an accumulated deficit of $679.6 million remains. On August 18, 2025, CEO Michael Walrath submitted a non-binding $9.00 per share proposal to acquire outstanding shares; the board formed a Special Committee to evaluate it.

Yext, Inc. disclosed that on Sept 8, 2025 it issued a press release reporting financial results for its second fiscal quarter ended July 31, 2025. The filing states the press release is attached as Exhibit 99.1 and that the release includes non‑GAAP financial information with a reconciliation to GAAP included. The company says it uses its Investor Relations webpage for disclosure and notes that the Item 2.02 information (including Exhibit 99.1) is not deemed "filed" under the Exchange Act for Section 18 liability or incorporation by reference except as expressly stated elsewhere.

Yext, Inc. disclosed that Chief Executive Officer and Chairman Michael Walrath has submitted a non-binding proposal to acquire all outstanding Yext shares he does not already own for $9.00 per share in cash.

The company furnished a press release that also provides updates to its anticipated financial results for the second fiscal quarter ended July 31, 2025 and guidance for the full fiscal year ending January 31, 2026. The release is attached as Exhibit 99.1 and is made available through Yext’s investor relations website.

The proposal is subject to approvals and may face risks such as required board, stockholder and regulatory approvals, potential litigation and possible business disruption, as highlighted in Yext’s forward-looking statements and referenced risk factors.

Yext General Counsel Ho Shin reported significant stock transactions on June 20, 2025, involving multiple Restricted Stock Unit (RSU) vestings and subsequent share dispositions:

• Acquired 254,331 shares through the vesting of four separate RSU grants: - 3,125 shares from a fully vested 2021 grant - 14,063 shares from an ongoing grant vesting through 2026 - 150,000 shares from a single-tranche vesting - 87,143 shares from a grant vesting through December 2025
• Disposed of 127,421 shares at $8.08 per share to satisfy tax obligations
• Following these transactions, Shin directly owns 239,084 shares and retains 91,107 unvested RSUs

These transactions represent a significant equity event for the General Counsel, with the majority of shares being immediately sold for tax purposes, suggesting a planned liquidation strategy aligned with vesting schedules.

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.

Michael Walrath, CEO and Director of Yext, reported significant insider transactions on June 20, 2025. The transactions involved both regular Restricted Stock Units (RSUs) and Performance-Based Restricted Stock Units (PSUs).

Key transaction details:

• Acquired 78,125 shares from RSUs and 391,875 shares from PSUs
• 230,654 shares were withheld for tax purposes at $8.08 per share
• Following transactions, Walrath directly owns 3,338,633 shares
• Maintains indirect ownership of 64,987 shares through various family trusts

Notable performance metrics: PSUs vested at 62.70% of target (391,875 of 625,000 units) for the first performance period (Dec 2023 - Mar 2025), with 233,125 PSUs forfeited. Remaining RSUs continue quarterly vesting through March 2027, subject to continued service.