Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 245

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 245
---
 summarizes the Company's compensation expense for liability classified awards for the periods presented:Three months ended April 30,(in thousands)20252024Liability classified awards:Cost of revenue$491 $— Sales and marketing473 — Research and development687 — General and administrative181 — Total compensation expense$1,832 $— 

19

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(32,325)$3.64 Forfeited or canceled(17,000)$8.34 Balance, April 30, 20251,516,809 $6.82 1.23$570 Vested and expected to vest1,516,809 $6.82 1.23$570 Exercisable, April 30, 20251,516,809 $6.82 1.23$570 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 2,731,998 $6.43 Vested and converted to shares(887,298)$6.95 Forfeited or canceled(232,559)$6.04 Balance, April 30, 202511,927,340 $6.35 Performance-Based Restricted Stock Units ("PSUs")During the three months ended April 30, 2025, the Company granted 625,000 PSUs to an executive 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