Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 244

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 244
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ed employee stock purchase plan withholdings liability391 1,565 Other current liabilities (2)(3) 34,773 27,351 Total accounts payable, accrued expenses and other current liabilities$72,364 $70,022 (1)    As of April 30, 2025, accrued employee compensation included $8.9 million related to the portion of the incentive pool and other retention arrangements where continuing service is required arising from the Hearsay acquisition.(2)    As of April 30, 2025, other current liabilities included $15.5 million payable to Hearsay owners in connection with escrow funds held by Yext related to indemnity claims in connection with the Hearsay acquisition. (3)    As of April 30, 2025, other current liabilities included $8.8 million related to the incentive pool allocated to founders and early employees in connection with the Hearsay acquisition.

10. Stock-Based Compensation

Stock-Based Compensation ExpenseStock-based compensation represents the cost related to stock-based awards granted in lieu of monetary payment. The Company measures stock-based compensation associated with stock-based awards issued to employees at the grant date, based on the estimated fair value of the award, and recognizes expense, net of estimated forfeitures, over the requisite service period of the applicable award generally using the straight-line method or accelerated attribution method. The following table summarizes the Company's stock-based compensation expense for equity classified awards for the periods presented:Three months ended April 30,(in thousands)20252024Equity classified awards: Cost of revenue$671 $688 Sales and marketing2,411 2,751 Research and development3,134 2,783 General and administrative6,443 5,843 Total stock-based compensation expense$12,659 $12,065 In addition, certain liability classified awards were granted in connection with the Hearsay acquisition and relate to portions of the incentive pool and earnout that generally vest over one year from the Hearsay 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 condensed consolidated balance sheet depending on the estimated settlement date of the award. The following table