Michael Walrath - 08 Mar 2022 Form 4 Insider Report for Yext, Inc. (YEXT)

Role: Director
Signature: /s/ Ho Shin, Attorney-in-Fact
Issuer symbol: YEXT
Transactions as of: 08 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 09 Mar 2022, 20:18:56 UTC
Previous filing: 10 Jun 2021
Next filing: 10 Mar 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	YEXT	Performance-Based Restricted Stock Unit	Award	$0	+2,000,000		$0.000000	2,000,000	08 Mar 2022	Common Stock	2,000,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance-based restricted stock unit, or PSU, represents a contingent right to receive one share of the Company's common stock.
F2	The shares subject to the PSUs will be eligible to vest following the award's grant date based on the Company's average stock price trading at each of the following milestones: $15, $17, $19 and $21 per share. Once a price threshold is achieved, the portion of the award related to that threshold will vest as to 1/16 quarterly on each June 20, September 20, December 20 and March 20 following March 20, 2022, subject to the executive's continued service on such date.

Content

Each performance-based restricted stock unit, or PSU, represents a contingent right to receive one share of the Company's common stock.

The shares subject to the PSUs will be eligible to vest following the award's grant date based on the Company's average stock price trading at each of the following milestones: $15, $17, $19 and $21 per share. Once a price threshold is achieved, the portion of the award related to that threshold will vest as to 1/16 quarterly on each June 20, September 20, December 20 and March 20 following March 20, 2022, subject to the executive's continued service on such date.