Form 4: Yext Director Evan Skorpen Receives Equity Grant

Yext director Evan Skorpen was granted 43,209 restricted stock units, vesting in full on June 10, 2027.

Summary

• Director Evan Skorpen received a grant of 43,209 restricted stock units (RSUs) on June 10, 2026.
• Each RSU represents a contingent right to receive one share of Yext, Inc. common stock.
• The award is subject to a one-year cliff vesting schedule, with 100% of the shares vesting on June 10, 2027, contingent upon continued service.
• The reporting person is a partner at Lead Edge Capital and is obligated to remit proceeds from these shares to the firm, disclaiming beneficial ownership except for any pecuniary interest.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding standard director compensation.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified; this is a standard director compensation grant.

Risks

• Vesting is contingent upon the director's continued service to the company.

Future Outlook

The filing does not provide forward-looking financial guidance, focusing solely on director equity compensation.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice in the technology sector to ensure board members maintain a vested interest in company performance.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation practices for publicly traded SaaS companies.
• The one-year vesting period is typical for annual director equity refreshers.

Related Party Transactions

• The reporting person is a partner at Lead Edge Capital and is obligated to remit proceeds from the sale of these shares to the firm.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine equity grant.

Next Steps

• Vesting of the 43,209 RSUs on June 10, 2027.

Key Dates

Keywords

Yext, YEXT, Director Compensation, Restricted Stock Units, Equity Grant, Insider Transaction