Form 4: Yext Inc. General Counsel Ho Shin Reports Stock Transactions
SEC Form 4
Ho Shin, General Counsel of Yext Inc., reports the vesting of restricted stock units, tax withholding, and the sale of common stock.
Summary
- On June 20, 2024, Ho Shin, General Counsel of Yext Inc., acquired shares of common stock through the vesting of restricted stock units.
- A total of 26,563 shares were acquired through the vesting of three separate restricted stock unit awards.
- 9,325 shares were withheld to cover tax liabilities associated with the vesting.
- On June 21, 2024, Shin sold 35,000 shares of common stock at a weighted average price of $5.0413 per share, with prices ranging from $5.02 to $5.07.
- Following these transactions, Shin directly owns 125,207 shares of Yext Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects routine insider transactions related to compensation and tax obligations, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring compliance with SEC regulations.
- Similar filings are made by executives at companies like Salesforce (CRM) and HubSpot (HUBS) when they exercise options or sell shares.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by an executive.
- The vesting of restricted stock units is part of the executive compensation package, impacting employee benefits.
Key Dates
| Date | Description |
|---|---|
| 12/20/2020 | One-sixteenth of shares subject to award vested for one restricted stock unit. |
| 09/20/2021 | One-sixteenth of shares subject to award vested for another restricted stock unit. |
| 09/20/2022 | One-sixteenth of shares subject to award vested for another restricted stock unit. |
| 06/20/2024 | Vesting of restricted stock units and tax liability withholding. |
| 06/21/2024 | Sale of 35,000 shares of common stock. |
| 06/20/2025 | Date when one restricted stock unit award is fully vested. |
| 06/20/2026 | Date when one restricted stock unit award is fully vested. |
| 09/20/2024 | Date when one restricted stock unit award is fully vested. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.