SEC Form 4 · accession 0001614178-18-000387
Yext, Inc. · YEXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Lerman
Officer — Chief Executive Officer · Director
Period of report
Sep 20, 2018
Accepted (ET)
Sep 24, 2018 · 5:10 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 StockF2 | Sep 20, 2018 | S | 17,401 | $25.0496 | D | 4,677,145 | D | |
| Common StockF3 | Sep 20, 2018 | S | 12,599 | $25.4804 | D | 4,664,546 | D | |
| Common StockF4 | Sep 20, 2018 | M | 9,375 | — | A | 4,673,921 | D | |
| Common StockF6 | Sep 21, 2018 | S | 3,294 | $24.8293 | D | 4,670,627 | D | |
| Common StockF7 | Sep 21, 2018 | S | 30,000 | $24.8757 | D | 4,640,627 | D | |
| Common StockF8 | holding | — | — | — | 1,200,000 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF4,F9 | — | Sep 20, 2018 | M | 9,375 | D | — | — | Common Stock | 9,375 | 140,625 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 Plan adopted by Reporting Person.
- F2Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $24.3800 to $25.3500, 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.
- F3Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.4100 to $25.6700, 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.
- F4Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock.
- F5This 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.
- F6Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $24.7700 to $24.8700, 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.
- F7Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $24.6500 to $25.4000, 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.
- F8These shares are held by a trust of which the Reporting Person is the trustee and sole beneficiary.
- F9One-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.