SEC Form 4 · accession 0001614178-18-000388
Yext, Inc. · YEXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Distelburger
Officer — President · Director
Period of report
Sep 20, 2018
Accepted (ET)
Sep 24, 2018 · 5:11 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 StockF1 | Sep 20, 2018 | M | 3,750 | — | A | 4,505,291 | D | |
| Common Stock | Sep 21, 2018 | S | 1,318 | $24.8724 | D | 4,503,973 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | — | Sep 20, 2018 | M | 3,750 | D | — | — | Common Stock | 3,750 | 56,250 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock.
- F2This 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 and was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person.
- F3One-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.