SEC Form 4 · accession 0001614178-18-000256
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
Jun 19, 2018
Accepted (ET)
Jun 21, 2018 · 5:00 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 | Jun 19, 2018 | M | 12,500 | $2.27 | A | 50,264 | D | |
| Common StockF2 | Jun 19, 2018 | S | 12,500 | $19.3478 | D | 37,764 | D | |
| Common StockF3 | Jun 20, 2018 | M | 7,272 | — | A | 45,036 | D | |
| Common StockF3 | Jun 20, 2018 | M | 15,625 | — | A | 60,661 | D | |
| Common StockF5 | Jun 21, 2018 | S | 22,897 | $19.4054 | 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 | $2.27 | Jun 19, 2018 | M | 12,500 | D | — | May 31, 2023 | Common Stock | 12,500 | 386,941 | D |
| Restricted Stock UnitF3,F7 | — | Jun 20, 2018 | M | 7,272 | D | — | — | Common Stock | 7,272 | 72,728 | D |
| Restricted Stock UnitF3,F8 | — | Jun 20, 2018 | M | 15,625 | D | — | — | Common Stock | 15,625 | 218,750 | 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 $19.1600 to $19.5300, 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 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 $19.0500 to $19.6300, 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.
- F6Twenty-five percent (25%) of shares subject to the option vested on May 31, 2014 and 1/36th of the remaining shares subject to the option vest in equal monthly installments on the last day of each full calendar month thereafter.
- F7One-tenth of shares subject to award vests on June 20, 2018 and then quarterly thereafter on each of September 20, December 20, March 20 and June 20 thereafter, in each case subject to the executive's continued service on each such date, until the award is fully vested on December 20, 2020.
- F815,625 shares subject to award vest on March 20, 2018 and then quarterly thereafter 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.