secwatch.observer — SEC 8-K summary
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Issuer:     Yext, Inc. (YEXT)
CIK:        0001614178
Form:       8-K
Filed at:   2026-10-14T20:07:06+00:00
Accession:  0001628280-26-065872
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614178/000162828026065872/0001628280-26-065872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614178/000162828026065872/yext-20261011.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-065872

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