Yext, Inc. — Form 8-K
Filed October 14, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 72/100
What the filing says
On October 11, 2026, Yext granted CEO Michael Walrath a nonstatutory stock option for 11,000,000 shares at an exercise price of $7.00/share (total intrinsic value $77M if all tranches vest). The award is divided into 14 tranches with performance-based vesting tied to stock price targets ranging from $21.00 to $88.08 over a 10-year performance period, plus a separate retention/repurchase requirement. The grant requires stockholder approval within 12 months; if not obtained, the entire option forfeits. All vesting requires continuous CEO employment.
Why this rating
11M option shares (~1.5% fully diluted assuming ~750M base shares) and $77M notional value are material relative to $714.7M market cap (~11% of market value). However, vesting is highly contingent on stock price appreciation (targets from $21→$88, vs. current $7 grant price), CEO tenure, and stockholder approval. Represents meaningful long-term incentive but not immediate game-changer; significance tempered by steep performance hurdles and regulatory contingency.
Price action (we called it neutral)
before filing · preread $6.97 ▲ 0.14% | at our read · unknown $6.96 | +10 min · unknown $7.04 ▲ 1.22% | +30 min · unknown $7.09 ▲ 1.94% | +1 hr · unknown $7.13 ▲ 2.44% | +4 hrs · unknown $7.06 ▲ 1.44% |
The stock had already moved -0.14% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
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