Form 4: Yext Inc. General Counsel Ho Shin Reports Stock Transactions
SEC Form 4
Ho Shin, General Counsel of Yext Inc., reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On September 20, 2024, Ho Shin, the General Counsel of Yext Inc., reported transactions involving Yext's common stock.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax liabilities.
- Specifically, 9,375 shares vested from an RSU granted earlier, and a portion of those shares were withheld to satisfy tax obligations.
- Additionally, 3,125 and 14,062 shares vested from other RSUs.
- Following these transactions, Shin directly owns 142,445 shares of Yext common stock and 98,438 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of Yext Inc.
Key Dates
| Date | Description |
|---|---|
| December 20, 2020 | One-sixteenth of shares subject to award vests on this date and then quarterly thereafter until fully vested on September 20, 2024. |
| September 20, 2021 | One-sixteenth of shares subject to award vested on this date and vests quarterly thereafter until fully vested on June 20, 2025. |
| September 20, 2022 | One-sixteenth of shares subject to award vested on this date and vests quarterly thereafter until fully vested on June 20, 2026. |
| September 20, 2024 | Date of reported transactions: vesting of restricted stock units and tax withholding. |
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