secwatch.observer — SEC 8-K summary
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Issuer:     Yext, Inc. (YEXT)
CIK:        0001614178
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001104659-22-105885
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yext enters cooperation deal with Lead Edge Capital; appoints Evan Skorpen to board
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- Board expanded from 9 to 10 directors; Skorpen elected as Class I director with term through 2024 annual meeting.
- Standstill restricts Lead Edge from owning >15% of voting securities, expires at Class I election or 2 years.
- Skorpen must resign if Lead Edge's beneficial ownership falls below 7% of voting securities.
- Lead Edge may not sell shares for 9 months; thereafter volume-limited under Rule 144.
- Skorpen receives initial RSU grant worth $300,000 (62,370 units) vesting over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614178/000110465922105885/0001104659-22-105885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614178/000110465922105885/tm2227384d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-105885

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