Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 134

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 134
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. The following table summarizes the Company's stock-based compensation expense for equity classified awards for the periods presented: Fiscal year ended January 31, (in thousands) 2025 2024 2023 Equity classified awards: Cost of revenue $ 2,753 $ 2,900 $ 5,042 Sales and marketing 15,583 15,067 22,961 Research and development 10,265 11,349 16,401 General and administrative 23,179 15,645 18,674 Total stock-based compensation expense $ 51,780 $ 44,961 $ 63,078 During the fiscal years ended January 31, 2025, 2024 and 2023, the Company capitalized $0.3 million, $0.3 million and $0.5 million, respectively, of stock-based compensation related to software development. As of January 31, 2025, there was approximately $52.5 million of total unrecognized compensation cost related to unvested stock- based awards, which is expected to be recognized over an estimated remaining weighted-average vesting period of approximately 1.79 years. In addition, certain liability classified awards were granted in connection with the Acquisition and relate to portions of the incentive pool and earnout that generally vest over one year from the Acquisition Date. These awards may be settled in cash or shares at the Company's election, and are measured at fair value at each reporting date based on their expected value, with compensation cost being recognized over the related service period. The corresponding liabilities associated with these awards are included within accounts payable, accrued expenses and other current liabilities, and other long term liabilities on the Company's consolidated balance sheet depending on the estimated settlement date of the award. The following table summarizes the Company's compensation expense for liability classified awards for the periods presented: Fiscal year ended January 31, (in thousands) 2025 2024 2023 Liability classified awards: Cost of revenue $ 201 $ — $ — Sales and marketing 5,782 — — Research and development 2,419 — — General and administrative 703 — — Total compensation expense $ 9,105 $ — $ — 84

Stock Options The following table summarizes the activity related to the Company's stock options: Options Outstanding Outstanding Stock Options Weighted-Average Exercise Price Weighted- Average Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands) Balance, January 31, 2024 2,021,494 $