---
schema_version: "secwatch.filing_event.v1"
accession: "0001614178-23-000077"
form_type: "8-K"
ticker: "YEXT"
cik: "0001614178"
company_name: "Yext, Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:50:20.699715+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Yext President & COO Marc Ferrentino steps down, becomes advisor through June 2024

## Summary
- Marc Ferrentino resigns as President & COO, effective Sept 30, 2023; serves as advisor through June 30, 2024 under 9-month advisory agreement.
- Receives immediate acceleration of 140,000 unvested RSUs; 159,375 RSUs continue vesting on Dec 20, 2023, Mar 20, 2024, Jun 20, 2024.
- Unvested stock options (including any previously granted) are forfeited upon employment termination.
- If a change in control occurs during advisory term, unvested time-based RSUs that would vest during term accelerate fully.
- Resignation not due to any disagreement with Yext concerning operations, policies, or practices.

## SEC filing metadata
- accession: 0001614178-23-000077
- form_type: 8-K
- ticker: YEXT
- cik: 0001614178
- company_name: Yext, Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614178/000161417823000077/0001614178-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614178/000161417823000077/yext-20230917.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001614178-23-000077
- JSON: https://secwatch.observer/filing/0001614178-23-000077.json
- Plain text: https://secwatch.observer/filing/0001614178-23-000077.txt

## Key facts
- Executive change
  Marc Ferrentino resigned as President and Chief Operating Officer at Yext, Inc..
  - Action: resigned
  - Role: President and Chief Operating Officer
  source text: On September 17, 2023, Marc Ferrentino notified the board of directors (the “Board”) of Yext, Inc. (the “Company”) of his intention to step down from his position as President and Chief Operating Officer of the Company effective September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614178/000161417823000077/0001614178-23-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.