Yext, Inc. (YEXT) Form 8-K — Oct 14, 2026
Yext's board granted CEO Michael Walrath a nonstatutory stock option to purchase 11,000,000 shares at $7.00 per share, a premium to the $6.93 close on October 9, 2026, with a 10-year term. The option has no time-based vesting: shares are divided into 14 tranches that are earned only if the stock sustains target prices from $21.00 up to $88.08 over 180-day and 30-day average windows, and it is intended as Walrath's sole new equity compensation for ten years.
Key figures
- Offering Price
- 7
- Shares Offered
- 11000000
- Tranches
- 14
- Option term
- 10 years
- Exercise price
- $7.00 per share
- Pre grant close
- $6.93 (Oct 9, 2026)
- Lowest target price
- $21.00
- Highest target price
- $88.08
- Total exercise price
- $77,000,000.00
- Stockholder approval deadline
- 12 months after grant
AI analysis
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