Form 4: Yext Director Shane Battier Reports Share Disposals Following Term Expiration

Shane Battier, a director at Yext, Inc., reported the disposal of shares and vesting of restricted stock units following the expiration of his term as director.

Summary

• Shane Battier, a director of Yext, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates that Mr. Battier's term as a director expired at the 2024 Annual Stockholder Meeting, and he did not stand for re-election.
• As a result, the company accelerated the vesting of his unvested shares of restricted stock and restricted stock units (RSUs) as of June 12, 2024.
• Mr. Battier disposed of 7,252 shares of common stock on June 12, 2024, related to the vesting of restricted stock units.
• Following the reported transactions, Mr. Battier directly owns 80,491 shares of common stock and indirectly owns 16,500 shares through DPOY, LLC.
• The report was signed by Ho Shin, Attorney-in-Fact, on June 13, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company director, which is standard practice in corporate governance.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• Employees may be indirectly affected by changes in board composition.

Key Dates