Every material Form 8-K Yext, Inc. has filed with the SEC since July 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Yext's board on October 11, 2026 approved a nonstatutory stock option for CEO Michael Walrath covering 11,000,000 shares at a $7.00 exercise price, a premium to the $6.93 close on October 9, 2026. The option vests only if the stock hits one of 14 escalating price targets over up to ten years, and it requires stockholder approval within twelve months. The grant is significant because it aligns the CEO's potential pay with large share price gains, but its value depends entirely on those gains being achieved.
Option covers 11,000,000 shares at $7.00 per share, with a ten-year term
Vesting is tied to 14 tranches with target prices from $21.00 to $88.08 per share
Option is subject to stockholder approval within twelve months and is granted outside the 2016 Equity Incentive Plan
Exhibit 10.1, the Stand-Alone Stock Option Agreement dated October 11, 2026, is filed with the report
Yext reported results for its fiscal second quarter ended July 31, 2026. Revenue fell 2% to $111.1 million and GAAP net income fell to $13.1 million from $26.8 million, while Adjusted EBITDA rose 29% to $34.0 million. For shareholders, the top-line and GAAP profit declines sit alongside stronger non-GAAP profit and a 1.8 million share buyback in the quarter.
Revenue was $111.1 million versus $113.1 million a year earlier, a 2% decrease.
GAAP net income was $13.1 million ($0.13 basic EPS) versus $26.8 million ($0.22 basic EPS) a year earlier.
Adjusted EBITDA was $34.0 million versus $26.4 million, with a margin of 30.6%; non-GAAP diluted EPS was $0.21 versus $0.12.
Total ARR was $440.8 million, down 1% year over year; customers with $50,000 or more in ARR grew 2% to $405.9 million.
Yext's board increased its size from seven to eight directors and elected Cynthia Paul, founder and CEO of investment firm Lynrock Lake LP, to fill the new seat as a Class I member. Her term runs to the 2027 annual meeting, and she receives standard outside director compensation including an initial restricted stock unit grant valued at $350,000.
Board expanded from seven to eight authorized directors; Paul elected July 7, 2026, with term expiring at the 2027 annual meeting.
Paul's initial grant is restricted stock units valued at $350,000, or 89,058 units, vesting in roughly equal annual installments over three years.
Outside directors also receive an annual award valued at $175,000 under the policy, and Paul signed the standard director and officer indemnification agreement.
Paul previously served on the boards of Allot Ltd., ON24, Inc. and DSP Group, Inc.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Yext, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →