Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 198

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 198
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 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 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 $— 

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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 V