{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-065872","form_type":"8-K","ticker":"YEXT","cik":"0001614178","company_name":"Yext, Inc.","filed_at":"2026-10-14T20:07:06+00:00","discovered_at":"2026-10-14T20:08:00.415260+00:00","generated_at":"2026-10-14T20:08:08.733185+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Yext grants CEO Michael Walrath 11M stock options at $7.00, vesting on stock-price targets up to $88.08","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-065872","json":"https://secwatch.observer/filing/0001628280-26-065872.json","markdown":"https://secwatch.observer/filing/0001628280-26-065872.md","text":"https://secwatch.observer/filing/0001628280-26-065872.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1614178/000162828026065872/0001628280-26-065872-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1614178/000162828026065872/yext-20261011.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-14T20:08:08.733185+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}