Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 287

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 287
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126 $2,432 $3,126 (1)       For the three months ended October 31, 2025, the Company recognized a benefit of $0.2 million related to the earnout arrangement resulting from a decline in the estimated achievement of the defined milestones. See Note 4 "Business Combinations" for additional information.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(279,553)$6.34 Forfeited or canceled(45,600)$10.83 Balance, October 31, 20251,240,981 $6.72 0.78$2,182 Vested and expected to vest1,240,981 $6.72 0.78$2,182 Exercisable, October 31, 20251,240,981 $6.72 0.78$2,182 

21

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 5,948,721 $7.69 Vested and converted to shares(5,617,046)$6.20 Forfeited or canceled(1,789,562)$6.70 Balance, October 31, 20258,857,312 $7.30 Performance-Based Restricted Stock Units ("PSUs")During the nine months ended October 31, 2025, the Company granted 1,025,000 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