SEC Form 4 · accession 0001614178-18-000104
Yext, Inc. · YEXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom Christopher Dixon
Officer — Chief Technology Officer
Period of report
Mar 20, 2018
Accepted (ET)
Mar 22, 2018 · 6:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614178
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 20, 2018 | M | 12,500 | $1.83 | A | 42,500 | D | |
| Common StockF2 | Mar 20, 2018 | S | 12,500 | $11.9309 | D | 30,000 | D | |
| Common StockF3 | Mar 20, 2018 | M | 15,625 | — | A | 45,625 | D | |
| Common StockF5 | Mar 21, 2018 | S | 7,861 | $11.78 | D | 37,764 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F6 | $1.83 | Mar 20, 2018 | M | 12,500 | D | — | Mar 2, 2020 | Common Stock | 12,500 | 387,485 | D |
| Restricted Stock UnitF3,F7 | — | Mar 20, 2018 | M | 15,625 | D | — | — | Common Stock | 15,625 | 234,375 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person.
- F2Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.8900 to $12.0000, 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.
- F3Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock.
- F4This transaction was effected pursuant to a non-discretionary, sell-to-cover arrangement mandated by the Issuer to fund tax withholding obligations in connection with the vesting of restricted stock units. This transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person, separate from the plan referenced in footnote 1.
- F5Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.7100 to $11.9100, 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.
- F6Shares are immediately excerciseable.
- F715,625 shares subject to award vest quarterly on each June 20, September 20, December 20 and March 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on December 20, 2021