SCHEDULE: Lynrock Lake Boosts Yext Stake to 10.7%

Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul increased their beneficial ownership in Yext, Inc. to 10.7% as of October 31, 2025.

Summary

• Reporting Persons, including Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul, have increased their beneficial ownership in Yext, Inc.
• As of October 31, 2025, the Reporting Persons collectively beneficially owned 13,218,396 shares of Yext Common Stock.
• This represents 10.7% of the class, an increase from 9.96% (12,270,731 shares) reported as of September 30, 2025.
• The percentage of class is based on 123,236,797 shares of Common Stock outstanding as of August 20, 2025, as reported in Yext's Form 10-Q.
• The shares are held directly by Lynrock Lake Master Fund LP, with Lynrock Lake LP serving as the investment manager.
• Cynthia Paul, as Chief Investment Officer of Lynrock Lake LP and Sole Member of Lynrock Lake Partners LLC, is deemed to exercise voting and investment power over these securities.

Sentiment

Score: 6

Explanation: The increase in beneficial ownership by a significant institutional investor is generally a positive signal, indicating confidence in the company. However, this filing is purely an ownership disclosure and does not contain operational or financial performance data to warrant a higher score.

Positives

• Increased institutional ownership by Lynrock Lake, indicating continued confidence in Yext, Inc.'s prospects.
• Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul now hold a significant 10.7% stake in Yext, Inc.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance from Yext, Inc. or the reporting persons regarding Yext's future performance.

Management Comments

• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

Increased institutional ownership by a significant investor like Lynrock Lake can be viewed positively by the market, suggesting confidence in Yext's long-term strategy and market position within the digital experience and search technology industry. This type of filing primarily reflects an investor's portfolio adjustments rather than direct industry trends.

Comparison to Industry Standards

• This filing reports a change in beneficial ownership by an institutional investor. Direct comparisons to industry-specific operational or financial benchmarks are not applicable here, as the filing focuses solely on ownership percentages.
• A 10.7% stake is a substantial position for an institutional investor in a publicly traded company like Yext, Inc., which operates in the competitive digital search and information management sector alongside companies such as Google, Yelp, and various SaaS providers in local SEO and brand management.

Stakeholder Impact

• Shareholders: Existing shareholders may view the increased stake by Lynrock Lake as a vote of confidence, potentially leading to positive sentiment.
• Management: The increased stake could imply greater scrutiny or engagement from a significant institutional investor.

Next Steps

• No specific future actions or milestones for Yext, Inc. are mentioned in this beneficial ownership filing. The reporting persons may continue to adjust their holdings in the future.

Key Dates

Recommendation

The filing indicates a significant institutional investor, Lynrock Lake, has increased its stake in Yext, Inc. to 10.7%. This suggests a positive long-term view from a sophisticated investor. While this is a positive signal, the filing itself does not provide new operational or financial data to warrant a 'buy' recommendation. It primarily reflects an investor's portfolio adjustment. Therefore, a 'hold' recommendation is appropriate for existing investors, while potential investors should conduct further due diligence on Yext's fundamentals and market position.

Keywords

Yext Inc, Lynrock Lake LP, Lynrock Lake Partners LLC, Cynthia Paul, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Institutional Investor, Investment Management