Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information for Common Stock
Our common stock began trading on the New York Stock Exchange under the symbol “YEXT” on April 13, 2017. Prior to that date, there was no public trading market for our common stock.
Dividend Policy
We have never declared or paid any dividends on our capital stock. We anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Accordingly, we do not expect to pay cash dividends on our common stock in the foreseeable future. In addition, our credit facility agreement contains customary covenants restricting our ability to pay dividends.
Stockholders
As of February 23, 2026, there were 25 registered stockholders of record of our common stock. The number of registered stockholders of record does not include beneficial holders whose shares are held by banks, brokers and other institutions.
Sales of Unregistered Equity Securities
None.
Purchases of Equity Securities by the Issuer
The following table sets forth issuer purchases of equity securities related to our share repurchase program for the fiscal year ended January 31, 2026:
Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced program Approximate dollar value of shares that may yet to be purchased under the program (in millions)
February 1, 2025 - February 28, 2025 575,658 $ 6.59 575,658 $ 28.2
March 1, 2025 - March 31, 2025 1,405,917 $ 6.29 1,405,917 $ 69.3
April 1, 2025 - April 30, 2025 2,492,058 $ 6.06 2,492,058 $ 54.2
May 1, 2025 - May 31, 2025 1,247,971 $ 6.72 1,247,971 $ 45.8
June 1, 2025 - June 30, 2025 546,759 $ 8.05 546,759 $ 41.4
July 1, 2025 - July 31, 2025 571,957 $ 8.25 571,957 $ 36.7
August 1, 2025 - August 31, 2025 676,428 $ 8.26 676,428 $ 31.1
September 1, 2025 - September 30, 2025 477,207 $ 8.78 477,207 $ 26.9
October 1, 2025 - October 31, 2025 544,907 $ 8.42 544,907 $ 22.3
November 1, 2025 - November 30, 2025 449,841 $ 8.43 449,841 $ 18.5
December 1, 2025 - December 31, 2025 429,146 $ 8.49 429,146 $ 14.9
January 1, 2026 - January 31, 2026 — $ — — $ 14.9
Total 9,417,849 9,417,849
As part of the share repurchase program, shares may be purchased in open market transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The timing, manner, price and amount of any repurchases will be determined at our discretion, and the share repurchase program may be suspended, terminated or modified at any time for any reason. The repurchase program does not obligate us to acquire any specific number of shares, and all open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. Amounts reflected in the above table exclude commissions paid on the repurchase of shares.
See Note 11 "Equity" to our consolidated financial statements for further discussion on our share repurchase program.
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Securities Authorized for Issuance under Equity Compensation Plans
The following table sets forth information regarding our equity compensation plans as of January 31, 2026.
Plan category (a) Number of securities to be issued upon exercise of outstanding options, vesting of restricted stock, restricted stock units, and performance-based restricted stock units (b) Weighted-average exercise price of outstanding options (1)
(c) Number of securities remaining available for future issuance under equity compensation plans (excludes securities reflected in column (a))
Equity compensation plans approved by security holders (2) 9,723,491 (3) $ 6.75 18,452,184 (4)
Equity compensation plans not approved by security holders 5,050,684 (5) — 1,229,221 (6)
Total 14,774,175 $ 6.75 19,681,405
(1) The weighted-average exercise price is calculated based solely on the exercise prices of the outstanding options to purchase shares of our common stock. It does not reflect the shares of our common stock that will be issued upon the vesting of outstanding restricted stock, restricted stock units and performance-based restricted stock units.
(2) These plans consist of our 2008 Equity Incentive Plan, 2016 Equity Incentive Plan and 2017 Employee Stock Purchase Plan. The 2008 Equity Incentive Plan was terminated in connection with the adoption of the 2016 Equity Incentive Plan and since its termination, we have not granted and will not grant any additional awards under the 2008 Equity Incentive Plan. However, the 2008 Equity Incentive Plan will continue to govern the terms and conditions of the outstanding awards previously granted thereunder.
(3) This amount includes 1,178,814 shares subject to outstanding options, 4,682,177 shares subject to outstanding restricted stock and restricted stock units, and 3,862,500 shares subject to outstanding performance-based restricted stock units granted under our 2008 Equity Incentive Plan and 2016 Equity Incentive Plan.
(4) This amount includes 12,842,891 shares of our common stock available for issuance under our 2016 Equity Incentive Plan and 5,609,293 shares of our common stock available for issuance under our 2017 Employee Stock Purchase Plan. The number of shares available for issuance under these plans automatically increase each February 1 st subject to the terms of the respective plans and such future increases are not reflected in the table above.
(5) This amount includes 2,000,000 performance-based restricted stock units, granted to an executive in March 2022. This grant was outside of the Company’s 2016 Equity Incentive Plan in reliance on the inducement award exception contained in NYSE Listing Rule 303A.08. This amount also includes 3,050,684 shares subject to outstanding restricted stock units and outstanding performance-based restricted stock units granted under our Hearsay Social Inc. 2019 Equity Incentive Plan, which was assumed in August 2024 in connection with our acquisition of Hearsay.
(6) This amount includes 1,229,221 shares available for issuance under our Hearsay Social, Inc. 2019 Equity Incentive Plan.
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Performance Graph
The following shall not be deemed soliciting material or to be filed with the SEC, nor shall such information be incorporated by reference into any of our other filings under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended.
The graph below compares the cumulative total stockholder return on our common stock with the cumulative total return on the Standard & Poor’s 500 Index and the Nasdaq Computer Index. The graph assumes an initial investment of $100 in our common stock at the market close on April 13, 2017, which was our initial trading day. Data for the Standard & Poor’s 500 Index and the Nasdaq Computer Index assume reinvestment of dividends.
The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance of our common stock.
Item 6. [Reserved]
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