Recent Updates — YEXT

The board of directors approved a nonstatutory stock option grant to Chief Executive Officer Michael Walrath, allowing him to purchase up to 11,000,000 shares at an exercise price of $7.00 per share. The award is performance-based and divided into 14 tranches, with vesting contingent on the company's stock price reaching targets ranging from $21.00 to $88.08 over periods of five to ten years. No portion vests based solely on time, and the grant requires stockholder approval within twelve months or it will be forfeited. This option serves as Walrath's sole new equity compensation for a ten-year period. Yext, Inc. operates in the technology sector, providing digital marketing and customer engagement solutions.

Yext reported second quarter fiscal 2027 results with revenue of $111.1 million and GAAP net income per share of $0.13. Adjusted EBITDA reached $34.0 million, reflecting a 31% margin. Annual Recurring Revenue (ARR) totaled $440.8 million, driven by growth in the enterprise cohort ($50K+ ARR), which increased 2% year-over-year to $405.9 million, while sub-$50K ARR declined 22%. The company completed its acquisition of GoShine and released a working prototype of Corvo AI. Yext repurchased approximately 1.8 million shares during the quarter. Yext operates in the enterprise software industry, providing an agentic marketing platform for brand visibility optimization.

Yext, Inc. expanded its board of directors from seven to eight members and elected Cynthia Paul to a Class I position on July 7, 2026. Ms. Paul, the founder and CEO of Lynrock Lake LP, received an initial grant of 89,058 restricted stock units valued at $350,000, which will vest in equal annual installments over three years. Her term expires at the 2027 annual meeting. Yext, Inc. is a technology company providing digital presence management and search engine optimization solutions.