Brian Distelburger - 12 Jun 2024 Form 4 Insider Report for Yext, Inc. (YEXT)

Role
Director
Signature
/s/ Ho Shin, Attorney-in-Fact
Issuer symbol
YEXT
Transactions as of
12 Jun 2024
Net transactions value
-$65,838
Form type
4
Filing time
13 Jun 2024, 21:02:53 UTC
Previous filing
22 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YEXT Common Stock Options Exercise +18,750 +0.6% 3,148,814 12 Jun 2024 Direct F1
transaction YEXT Common Stock Options Exercise +31,250 +0.99% 3,180,064 12 Jun 2024 Direct F1
transaction YEXT Common Stock Tax liability $65,838 -13,089 -0.41% $5.03 3,166,975 12 Jun 2024 Direct F2

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 -18,750 -100% $0.000000* 0 12 Jun 2024 Common Stock 18,750 Direct F1, F3
transaction YEXT Restricted Stock Unit Options Exercise $0 -31,250 -100% $0.000000* 0 12 Jun 2024 Common Stock 31,250 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brian Distelburger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 Shares withheld to satisfy tax liability upon vesting of restricted stock units on June 12, 2024.
F3 One-sixteenth of shares subject to award vested 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 Reporting Person's continued service on each such date, until the award was to fully vest on September 20, 2024. Mr. Distelburger's term as a director of the Company had expired at the 2024 Annual Stockholder Meeting, and he did not stand for re-election. The Company has accelerated the vesting of his unvested RSUs as of immediately prior to the expiration of his term on June 12, 2024.
F4 One-sixteenth of shares subject to award vested on September 20, 2021 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20, in each case subject to the Reporting Person's continued service on each such date, until the award was to fully vest on June 20, 2025. Mr. Distelburger's term as a director of the Company had expired at the 2024 Annual Stockholder Meeting, and he did not stand for re-election. The Company has accelerated the vesting of his unvested RSUs as of immediately prior to the expiration of his term on June 12, 2024.