Statement of Changes in Beneficial Ownership (4)
December 22 2020 - 6:16PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Bond Darryl |
2. Issuer Name and Ticker or Trading Symbol
Yext, Inc.
[
YEXT
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Accounting Officer |
(Last)
(First)
(Middle)
61 NINTH AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/20/2020 |
(Street)
NEW YORK, NY 10011
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/20/2020 | | M | | 3750 | A | (1) | 32308 | D | |
Common Stock | 12/20/2020 | | M | | 2458 | A | (1) | 34766 | D | |
Common Stock | 12/20/2020 | | M | | 1563 | A | (1) | 36329 | D | |
Common Stock | 12/20/2020 | | M | | 1094 | A | (1) | 37423 | D | |
Common Stock | 12/22/2020 | | S(2) | | 3049 | D | $17.0052 (3) | 34374 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (1) | 12/20/2020 | | M | | | 3750 | (4) | (4) | Common Stock | 3750.0 | $0 | 56250 | D | |
Restricted Stock Unit | (1) | 12/20/2020 | | M | | | 2458 | (5) | (5) | Common Stock | 2458.0 | $0 | 0 | D | |
Restricted Stock Unit | (1) | 12/20/2020 | | M | | | 1563 | (6) | (6) | Common Stock | 1563.0 | $0 | 9375 | D | |
Restricted Stock Unit | (1) | 12/20/2020 | | M | | | 1094 | (7) | (7) | Common Stock | 1094.0 | $0 | 10938 | D | |
Explanation of Responses: |
(1) | Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock. |
(2) | This transaction was effected pursuant to non-discretionary, sell-to-cover arrangements mandated by the Issuer to fund tax withholding obligations in connection with the vesting of restricted stock units. |
(3) | Reflects a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $16.7300 to $17.2700, inclusive. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of common shares sold at each separate price |
(4) | One-sixteenth of shares subject to award vests on December 20, 2020 and then quarterly thereafter on each of March 20, June 20, September 20 and December 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on September 20, 2024. |
(5) | One-seventh of shares subject to award vests on June 20, 2019 and then quarterly thereafter on each of September 20, December 20, March 20 and June 20 thereafter, in each case subject to the executive's continued service on each such date, until the award is fully vested on December 20, 2020. |
(6) | One-sixteenth of shares subject to award vests on September 20, 2018 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on June 20, 2022. |
(7) | One-sixteenth of shares subject to award vests on September 20, 2019 and then quarterly thereafter on each of December 20, March 20, June 20 and September 20, in each case subject to the executive's continued service on each such date, until the award is fully vested on June 20, 2023. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bond Darryl 61 NINTH AVENUE NEW YORK, NY 10011 |
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| Chief Accounting Officer |
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Signatures
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/s/ Ho Shin, Attorney-in-Fact | | 12/22/2020 |
**Signature of Reporting Person | Date |
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