Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 148

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 148
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 shares outstanding during the period. Unvested restricted stock, restricted stock units, and performance-based restricted stock units where the market conditions have not been met are excluded from the denominator of basic net loss per share. Diluted net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares plus common equivalent shares for the period, including any dilutive effect from such shares. Since the Company was in a net loss position for all periods presented, net loss per share attributable to common stockholders was the same on a basic and diluted basis, as the inclusion of all potential common equivalent shares outstanding would have been anti- dilutive. Anti-dilutive common equivalent shares were as follows: As of January 31, 2025 2024 2023 Options to purchase common stock 1,566,134 2,021,494 4,593,704 Restricted stock and restricted stock units 10,315,199 9,790,748 11,564,867 Shares estimated to be purchased under ESPP 366,055 487,529 517,140 Performance-based restricted stock units (1) 3,495,000 3,555,000 2,000,000 Total anti-dilutive common equivalent shares 15,742,388 15,854,771 18,675,711 (1) An additional 1.3 million shares of common stock may be awarded for certain PSUs based on the Company's total shareholder return ("TSR") relative to the TSR of companies in the S&P Software and Services Select Index over specified performance periods. See Note 10 "Stock-Based Compensation", for further discussion. In connection with the Acquisition, the Company may also be required to pay up to $75.0 million to the former holders of Hearsay's outstanding equity interests, subject to the achievement of certain ARR milestones over a two-year period. Payment can be settled in cash or shares at the Company's election. In addition, an incentive pool of $20.0 million is payable to Hearsay founders, early employees and current employees, which can be settled in cash or shares at the Company's election. 93

17. Segment Information The Company operates as one operating segment for which the CODM uses consolidated net (loss) income to measure segment profit or loss. This measure of segment profit or loss is used by the CODM to allocate resources and assess performance. See Note 2 "Summary of Significant Accounting Policies