Form 4: Yext CFO Darryl Bond Reports Stock Transactions

Darryl Bond, CFO of Yext, Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On June 20, 2024, Darryl Bond, the Chief Financial Officer of Yext, Inc., engaged in transactions involving restricted stock units.
• These transactions included the vesting of several tranches of restricted stock units, specifically 3,750, 3,125, 5,000, 37,500 and 3,438 units.
• Following the vesting, shares were withheld to cover tax liabilities, with 19,041 shares withheld at a price of $4.99.
• After these transactions, Bond's direct ownership of common stock is reported as 331,083 shares.
• Bond also retains beneficial ownership of derivative securities, specifically restricted stock units, with varying vesting schedules and totaling 262,500 units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.

Stakeholder Impact

• The transactions reported may have a minor impact on the overall share supply, but the effect is likely negligible.

Key Dates