---
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"
generated_at: "2026-10-14T20:08:08.733185+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-065872
- JSON: https://secwatch.observer/filing/0001628280-26-065872.json
- Plain text: https://secwatch.observer/filing/0001628280-26-065872.txt

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