SCHEDULE 13G/A: Lynrock Lake LP Discloses 9.3% Stake in Yext, Inc.

Lynrock Lake LP, along with Lynrock Lake Partners LLC and Cynthia Paul, has reported a beneficial ownership of 9.3% in Yext, Inc.'s common stock as of March 31, 2025.

Summary

• Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul (collectively, the "Reporting Persons") have filed a Schedule 13G Amendment No. 3 regarding their beneficial ownership in Yext, Inc.
• As of March 31, 2025, the Reporting Persons collectively beneficially own 11,680,363 shares of Yext, Inc.'s Common Stock.
• This ownership represents 9.3% of Yext, Inc.'s outstanding Common Stock.
• The percentage is based on 125,866,826 shares of Common Stock outstanding as of March 31, 2025, as reported in Yext, Inc.'s Proxy Statement filed on April 28, 2025.
• Lynrock Lake LP serves as the investment manager for Lynrock Lake Master Fund LP, which directly holds the shares.
• Cynthia Paul, as the 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.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Yext, Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by an institutional fund in Yext, Inc., a company operating in the digital knowledge management and search experience industry. Such filings are common for investment firms accumulating substantial stakes in publicly traded companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by an institutional investor like Lynrock Lake LP may be viewed as a vote of confidence in Yext, Inc.'s long-term prospects, potentially influencing investor sentiment positively.

Key Dates

Keywords

Yext Inc., Lynrock Lake LP, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Institutional Investor, Investment Management