Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 284

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 284
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 1,201 — General and administrative54 — 235 — Total compensation expense$893 $— $2,725 $— 

20

Stock OptionsThe following table summarizes the activity related to the Company's stock options:Options OutstandingOutstanding Stock OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Life (in years)Aggregate Intrinsic Value(in thousands)Balance, January 31, 20251,566,134 $6.78 1.48$450 Granted— $— Exercised(87,325)$5.03 Forfeited or canceled(45,600)$10.83 Balance, July 31, 20251,433,209 $6.75 0.97$2,044 Vested and expected to vest1,433,209 $6.75 0.97$2,044 Exercisable, July 31, 20251,433,209 $6.75 0.97$2,044 Restricted Stock and Restricted Stock UnitsThe following table summarizes the activity related to the Company's restricted stock and restricted stock units ("RSUs"):OutstandingWeighted-Average Grant Date Fair ValueBalance, January 31, 202510,315,199 $6.37 Granted 5,428,891 $7.59 Vested and converted to shares(3,958,322)$6.12 Forfeited or canceled(1,495,080)$6.53 Balance, July 31, 202510,290,688 $7.09 Performance-Based Restricted Stock Units ("PSUs")During the six months ended July 31, 2025, the Company granted 995,000 PSUs to certain executives which vest over approximately a two-year period based upon continued service and the achievement of pre-determined ARR and Adjusted EBITDA margin growth metrics. The total number of shares that are eligible to vest ranges from 0% to 250% of the target PSUs. The Company measures the fair value of PSUs on the grant date of the award, and stock-based compensation expense is recognized using the accelerated attribution method over the requisite service period. For PSUs with performance conditions, stock-based compensation is recognized when it becomes probable that the underlying performance targets will be achieved. The following table summarizes the activity related to the Company’s PSUs: Number of PSUsWeight