Form 4: Yext Director Skorpen Acquires Shares Under Equity Award

Evan Skorpen, a director at Yext, Inc., acquired 6,541 shares of common stock at $6.65 per share on March 3, 2025, under an equity award.

Summary

• On March 3, 2025, Evan Skorpen, a director of Yext, Inc., acquired 6,541 shares of common stock at a price of $6.65 per share.
• This acquisition was made under an equity award, with 100% of the shares vesting on March 20, 2026, contingent upon Skorpen's continued service to Yext.
• Following the transaction, Skorpen beneficially owns 111,654 shares of Yext common stock, including restricted stock that vests on March 20, 2025 (7,335 shares), and June 12, 2025 (31,250 shares).
• Skorpen is a partner at Lead Edge Capital and is obligated to remit the proceeds of any sale of these shares to Lead Edge Capital, thus disclaiming beneficial ownership except for his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction by a director, indicating continued investment in the company, but also includes a disclaimer of full beneficial ownership.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates