SEC Form 4 · accession 0001614178-18-000497
Yext, Inc. · YEXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darryl Bond
Officer — Chief Accounting Officer
Period of report
Dec 20, 2018
Accepted (ET)
Dec 26, 2018 · 4:33 pm EST
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 | Dec 20, 2018 | M | 1,562 | — | A | 7,039 | D | |
| Common StockF3 | Dec 21, 2018 | S | 577 | $13.5432 | D | 6,462 | 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,F4 | — | Dec 20, 2018 | M | 1,562 | D | — | — | Common Stock | 1,562 | 21,876 | 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.
- F3Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $13.0701 to $13.5500, 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.
- F4One-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.