Howard Lerman - Jun 20, 2021 Form 4 Insider Report for Yext, Inc. (YEXT)

Role
Chief Executive Officer, Director
Signature
/s/ Ho Shin, Attorney-in-Fact
Stock symbol
YEXT
Transactions as of
Jun 20, 2021
Transactions value $
-$127,371
Form type
4
Date filed
6/22/2021, 05:30 PM
Next filing
Jun 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YEXT Common Stock Options Exercise +12.5K +0.4% 3.14M Jun 20, 2021 Direct F1, F2
transaction YEXT Common Stock Options Exercise +12.5K +0.4% 3.16M Jun 20, 2021 Direct F1
transaction YEXT Common Stock Options Exercise +9.38K +0.3% 3.16M Jun 20, 2021 Direct F1
transaction YEXT Common Stock Sale -$127K -9.24K -0.29% $13.79 3.16M Jun 21, 2021 Direct F3, F4
holding YEXT Common Stock 469K Jun 20, 2021 See footnote F2, F5

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 Restricted Stock Unit Options Exercise $0 -12.5K -7.14% $0.00 163K Jun 20, 2021 Common Stock 12.5K Direct F1, F6
transaction YEXT Restricted Stock Unit Options Exercise $0 -12.5K -11.11% $0.00 100K Jun 20, 2021 Common Stock 12.5K Direct F1, F7
transaction YEXT Restricted Stock Unit Options Exercise $0 -9.38K -20% $0.00 37.5K Jun 20, 2021 Common Stock 9.38K Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock.
F2 Reflects the transfer of 235,653 shares to the Reporting Person and 469,482 shares to the trust referred to in footnote 5 from a trust of which the Reporting Person was the trustee and sole beneficiary. Such transfers were exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934.
F3 This transaction was effected pursuant to various non-discretionary, sell-to-cover arrangements mandated by the Issuer to fund tax withholding obligations in connection with the vesting of restricted stock units.
F4 Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $13.7300 to $13.9300, inclusive. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of common shares sold at each separate price
F5 These shares are held by a trust of which the Reporting Person's spouse is the trustee and beneficiary.
F6 One-sixteenth of shares subject to award vests on December 20, 2020 and then quarterly thereafter on each of March 20, June 20, September 20 and December 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on September 20, 2024.
F7 One-sixteenth of shares subject to award vests on September 20, 2019 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on June 20, 2023.
F8 One-sixteenth of shares subject to award vests on September 20, 2018 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on June 20, 2022.