Yext grants CEO Michael Walrath 11M stock options at $7.00, vesting on stock-price targets up to $88.08

Yext, Inc.

Board approved grant of 11,000,000 nonstatutory options on Oct 11, 2026; exercise price $7.00 vs $6.93 close on Oct 9, 2026.
Option has no time-based vesting; 14 tranches earn only if stock hits target prices from $21.00 to $88.08, with 5-, 7-, or 10-year performance periods.
Grant is outside Yext's 2016 Equity Incentive Plan and needs stockholder approval within 12 months; otherwise the entire option is forfeited.
Total exercise price is $77,000,000; option term is 10 years and is intended as Walrath's sole new equity comp for the next decade.
Earned shares face retention/release schedules; change-in-control or qualifying termination accelerate or adjust vesting, including additional shares for 15%+ CAGR.

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