Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 342

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 342
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 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 

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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 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 PSUsWeighted-Average Grant Date Fair ValueBalance, January 31, 20253,495,000 $5.97 Granted 1,025,000 $7.17 Vested(391,875)$5.69 Forfeited or canceled(303,125)$6.11 Balance, October 31, 20253,825,000 $6.31