Company: YEXT
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0001614178-25-000020
Chunk: 1

Company: Yext, Inc.
Filing Date: 2025-03-05
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01. Other Events

On March 4, 2025, the Company’s board of directors (the “ Board”) approved the repurchase of up to an additional $50 million of the Company’s common stock, increasing the share repurchase program that the Board approved in March 2022 and subsequently increased in September 2023. Such repurchases may be made from time to time subject to pre-determined price and volume guidelines established by the Company’s board of directors. As of January 31, 2025, a total of 19,512,448 shares have been purchased for a total cost of $118.1 million since the commencement of the share repurchase program.

As part of the share repurchase program, shares may be purchased in open market transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”). The timing, manner, price and amount of any repurchases will be determined at the Company’s discretion, and the share repurchase program may be suspended, terminated or modified at any time for any reason. The repurchase program does not obligate the Company to acquire any specific number of shares, and all open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

  Exhibit Number      Description                                                                  
            99.1      Press release, dated March 5, 2025                                           
            99.2      Letter to Stockholders, dated March 5, 2025                                  
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             104      Cover Page Interactive Data File (embedded within the Inline XBRL document)  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

           YEXT, INC.                     
  By:      /s/ Darryl Bond                
           Darryl Bond                    

Date: March 5, 2025