SCHEDULE: Lead Edge Capital Reduces Yext Stake Post-Tender Offer

Lead Edge Capital entities reduced their beneficial ownership in Yext, Inc. to 7.9% following the company's modified Dutch Auction tender offer.

Summary

• Lead Edge Capital entities, including Lead Edge Capital V, LP, Lead Edge Capital VI, LP, and Lead Edge Public Fund, LP, collectively sold 4,948,782 shares of Yext, Inc. Common Stock.
• The shares were sold to Yext, Inc. at an offer price of $5.75 per share as part of the company's modified Dutch Auction tender offer.
• The tender offer, which expired on March 18, 2026, resulted in Yext, Inc. accepting 24,347,826 shares for purchase.
• Following the tender offer, the total outstanding shares of Yext, Inc. Common Stock decreased from 123,345,128 to 98,997,302.
• Lead Edge Capital Management, LLC, and its managing members (Mitchell Green, Brian Neider, and Nimay Mehta), now beneficially own an aggregate of 7,843,296 shares, representing 7.9% of the outstanding Common Stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as moderately positive. While a major investor reduced its stake, the company's share repurchase program effectively reduced the outstanding share count, which can be a positive for per-share metrics, indicating capital return to shareholders.

Positives

• The company's tender offer reduced the total outstanding shares by 24,347,826, which could potentially increase earnings per share for remaining shareholders.

Negatives

• Lead Edge Capital, a significant investor, reduced its stake in Yext, Inc. by selling 4,948,782 shares.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that share repurchases, such as Yext's modified Dutch Auction tender offer, are a common strategy for companies to return capital to shareholders and can signal management's belief that the stock is undervalued. A reduction in outstanding shares typically aims to boost earnings per share and improve valuation metrics. The decision by a significant institutional investor like Lead Edge Capital to participate in the tender offer suggests they found the offer price attractive for a portion of their holdings, or are rebalancing their portfolio.

Stakeholder Impact

• Shareholders: Remaining shareholders may benefit from a higher EPS due to reduced share count. Lead Edge Capital, as a selling shareholder, realized cash from the tender offer.

Key Dates

Recommendation

The filing indicates a significant share repurchase by Yext, which is generally a positive signal as it reduces share count and can boost per-share metrics. However, a major institutional investor, Lead Edge Capital, significantly reduced its stake, which could be interpreted as a lack of conviction in the company's long-term growth prospects at the tender offer price. Given these mixed signals, a 'hold' recommendation is appropriate, suggesting investors maintain their current position while monitoring future company performance and investor sentiment.

Keywords

Yext Inc, YEXT, Lead Edge Capital, Schedule 13D/A, beneficial ownership, tender offer, share repurchase, stock ownership, institutional investor