Michael Walrath - Jan 12, 2024 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: Jan 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/16/2024, 08:42 AM
Previous filing: Mar 10, 2022

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	+1.25M		$0.00	1.25M	Jan 12, 2024	Common Stock	1.25M		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 common stock of Yext, Inc. (the "Company").
F2	A target number of 1,250,000 PSUs will become eligible to vest based on the Company's total shareholder return ("Company TSR") during each of the following performance periods (each, a "Performance Period") relative to the total shareholder return of companies in the S&P Software and Services Select Index (the "Indexed Companies"): (i) December 19, 2023 to March 31, 2025 ; and (ii) December 19, 2023 to March 31, 2026. PSUs that become eligible to vest based on performance for a Performance Period vest on June 20 following the applicable Performance Period, subject to continued service to the Company through the vesting date. The total number of PSUs that will be eligible to vest range from 0% to 200% of the target number of PSUs.

Content

Each performance-based restricted stock unit, or PSU, represents a contingent right to receive one share of common stock of Yext, Inc. (the "Company").

A target number of 1,250,000 PSUs will become eligible to vest based on the Company's total shareholder return ("Company TSR") during each of the following performance periods (each, a "Performance Period") relative to the total shareholder return of companies in the S&P Software and Services Select Index (the "Indexed Companies"): (i) December 19, 2023 to March 31, 2025 ; and (ii) December 19, 2023 to March 31, 2026. PSUs that become eligible to vest based on performance for a Performance Period vest on June 20 following the applicable Performance Period, subject to continued service to the Company through the vesting date. The total number of PSUs that will be eligible to vest range from 0% to 200% of the target number of PSUs.