Lead Edge updates 7.9% Yext ownership after tender
Lead Edge Capital filed an amended Schedule 13D updating its ownership in Yext, Inc. after the company’s recent tender offer.
Rhea-AI Filing Summary
Lead Edge Capital filed an amended Schedule 13D updating its ownership in Yext, Inc. after the company’s recent tender offer. The filing shows Lead Edge funds now hold a combined 7,843,296 shares of Yext common stock, representing 7.9% of the 98,997,302 shares outstanding.
Fund V directly holds 2,518,405 shares (about 2.5%), Fund VI holds 2,432,999 shares (about 2.5%), and Lead Edge Public Fund holds 2,891,892 shares (about 2.9%). The amendment reflects sales into Yext’s modified Dutch auction tender, where Fund V, Fund VI and the Public Fund sold 1,589,005, 1,535,117 and 1,824,660 shares, respectively, at $5.75 per share back to the company.
Positive
- None.
Negative
- None.
Insights
Lead Edge trims Yext stake via tender, remains sizeable holder.
The amendment shows several Lead Edge funds selling Yext shares into the company’s modified Dutch auction at $5.75 per share. After these transactions, related entities report a combined 7,843,296 shares, or 7.9% of the common stock outstanding.
The filing details direct holdings by Fund V, Fund VI and the Public Fund, and explains that general partners and managing members may be deemed to share voting and dispositive power. This keeps Lead Edge a significant, though not controlling, shareholder. Future ownership updates would continue to appear in similar beneficial ownership reports.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Lead Edge Capital report in Yext (YEXT) in this Schedule 13D/A?
What tender offer transactions by Lead Edge are disclosed for Yext (YEXT)?
How was the Yext (YEXT) ownership percentage calculated in this Schedule 13D/A?
What type of security is covered in this Yext (YEXT) Schedule 13D/A amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.