secwatch.observer — SEC 8-K summary
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Issuer:     Yext, Inc. (YEXT)
CIK:        0001614178
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001614178-23-000077
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614178/000161417823000077/0001614178-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614178/000161417823000077/yext-20230917.htm
  HTML page:      https://secwatch.observer/filing/0001614178-23-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer