Odd Lot Index

Yext, Inc. YEXT

Odd lots go first

Read automatically from the filing
In a Dutch auction, tendering too high can cost you the priority. The company picks the lowest price that buys the shares it wants, and everyone at or below that price gets it. Tender above it and your shares come back unpurchased — and because you are not in the accepted pool at all, the odd-lot priority never applies. Most offers have a box meaning "accept whatever price is determined", which keeps you in the pool; the trade-off is that you give up any say in the price. The filing explains both.
StatusClosed
Closing date2026-03-12
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $5.75 to $6.50 per share, in steps of $0.10
Cleared at$5.75
Most an odd-lot tender could be$569.25

How it finished

Odd-lot holder (under 100 shares)100%
Everyone else38.5%
Expired2026-03-18
Shares accepted24,347,826
Proration factor38.5%

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

election_required = True...at or below the Purchase Price and not validly withdrawn, we will purchase Shares as follows: • first, from all holders of “odd lots” of less than 100 Shares who validly tender all of their Shares at prices at or below the Purchase Price determined by us who complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery; ​ • second, from all other stockholders who validly tender Shares at prices at or below the Purchase Price determined by us, on a pro rata basis (except for stockholders who tendered Shares conditionally for which the condition was not satisfied); and ​ • third, only if necessary...
expiry = 2026-03-12...Yext, Inc. of Up to $180,000,000 in Value of Shares of its Common Stock at a Purchase Price not less than $5.75 nor greater than $6.50 per Share ​ ​ THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MARCH 12, 2026, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH DATE AND TIME, AS THEY MAY BE EXTENDED, THE “EXPIRATION TIME”). ​ ​ Yext, Inc., a Delaware corporation (the “Company”, “Yext”, “we”, “our” or “us”), invites our stockholders to tender up to...
listed = True...der our existing credit facilities. The Offer is not conditioned on any minimum number of Shares being tendered and is not subject to a financing condition. The Offer is, however, subject to other conditions. See Sections 2, 7 and 9. The Shares are listed and traded on the New York Stock Exchange (the “NYSE”) under the symbol “YEXT.” On February 9, 2026, the last full trading day before the announcement of the Offer, the last reported sale price of our Shares on the NYSE was $4.91 per Share. Stockholders are urged to obtain current market quotations for the Shares before deciding whether and at what price to tender their Shares. See Section...
mechanism = DUTCH...he Board expressed confidence in Mr. Walrath’s ability to do so. Following a comprehensive review of a wide range of strategic options by the Special Committee, as advised by the Dealer Manager, the Board unanimously determined to repurchase Shares through a “modified Dutch auction” tender offer. The purpose of the Offer is to return capital to our stockholders. Our Board believes that the Offer represents a prudent use of our financial resources in light of our business profile, financial condition, capital structure, indebtedness and debt capacity, and reflects our confidence in the future outlook for our busines...
mechanism = DUTCHEX-99.(A)(5)(D) 2 tm265607d11_ex99-a5d.htm EXHIBIT 99.(A)(5)(D) Exhibit (a)(5)(D) Yext, Inc. Announces Preliminary Results of Modified Dutch Auction Tender Offer NEW YORK, March 19, 2026 — (BUSINESS WIRE) — Yext, Inc. (NYSE: YEXT) (“Yext”), the leading digital presence platform for multi-location brands, today announced the preliminary results of its “modified Dutch Auction” tender offer for shares of its common stock, which expired at 5:00 p.m., New York City time, on March 18, 2026...
mechanism = DUTCHEX-99.(A)(5)(E) 2 tm265607d12_ex99-a5e.htm EXHIBIT 99.(A)(5)(E) Exhibit (a)(5)(E) Yext, Inc. Announces Final Results of Modified Dutch Auction Tender Offer NEW YORK, March 20, 2026 — (BUSINESS WIRE) — Yext, Inc. (NYSE: YEXT) (“Yext”), the leading digital presence platform for multi-location brands, today announced the final results of its “modified Dutch Auction” tender offer for shares of its common stock, which expired at 5:00 p.m., New York City time, on March 18, 2026. Base...
must_tender_all = True...purchase price of Shares as we may elect to purchase, subject to applicable law) are validly tendered at or below the Purchase Price and not validly withdrawn, we will purchase Shares as follows: • first, from all holders of “odd lots” of less than 100 Shares who validly tender all of their Shares at prices at or below the Purchase Price determined by us who complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery; ​ • second, from all other stockholders who validly tender Shares at prices at or below the Purchase Price determined by us, on a pro rata basis (exc...
price = USD 5.75-6.5...e of shares of our common stock, par value $0.001 per share (each, a “Share,” and collectively, the “Shares”), for purchase by us at a price calculated as described herein that is not less than $5.75 and not greater than $6.50 per Share, to the seller in cash, less any applicable withholding taxes and without interest, upon the terms and subject to the conditions set forth in this Offer to Purchase and in the related Letter of Transmittal (wh...
price = USD 5.75...mon stock, par value $0.001 per share (each share of Yext’s common stock, a “Share,” and collectively, “Shares”), were properly tendered and not properly withdrawn at or below the purchase price of $5.75 per Share, including 19,257,357 Shares that were tendered by notice of guaranteed delivery. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the Depositary, Yext expects to pur...
price = USD 5.75...mon stock, par value $0.001 per share (each share of Yext’s common stock, a “Share,” and collectively, “Shares”), were properly tendered and not properly withdrawn at or below the purchase price of $5.75 per Share, including 17,772,669 shares that were tendered by notice of guaranteed delivery. Yext has accepted for purchase a total of 24,347,826 Shares through the tender offer at a price of $5.75 per Share, for an aggregate cost...
priority = True...in the related Letter of Transmittal (which, as they may be amended or supplemented from time to time, together constitute the “Offer”). Promptly following the Expiration Time, we will, upon the terms and subject to the conditions of the Offer, including the provisions relating to “odd lot” priority, proration and conditional tenders described in the Offer, determine a single price per Share (the “Purchase Price”), which will be not less than $5.75 and not greater than $6.50 per Share, that we will pay for Shares purchased in the Offer. The Purchase Price will be the lowest price per Share of not less than $5.75 and not greater than...
threshold = 100...e of those Shares will be purchased even if they are tendered at or below the Purchase Price. Odd Lots. The term “Odd Lots” means all Shares validly tendered prior to the Expiration Time at prices at or below the Purchase Price and not withdrawn by any person who owned beneficially or of record a total of fewer than 100 Shares and so certified in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery (an “Odd Lot Holder”). To qualify for this Odd Lot preference, an Odd Lot Holder must tender all Shares owned by such Odd Lot Holder in accordance with the procedures described in Section 3. Odd Lots will be acc...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 tm265607d1_ex99-a1a.htm EXHIBIT 99.(A)(1)(A) tm265607-1_sctoi_DIV_11-exha1a - none - 5.46877s TABLE OF CONTENTS Exhibit (a)(1)(A)​ Offer to Purchase for Cash by Yext, Inc. of Up to $180,000,000 in Value of Shares of its Common Stock at a Purchase Price not less than $5.75 nor greater than $6.50 per Share ​ ​ THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MARCH 12, 2026, UNLESS THE OFFER IS EXTENDED OR TERMINATED (SUCH DATE AND TIME,...
txn_type = TENDER_OFFEREX-99.(A)(5)(D) 2 tm265607d11_ex99-a5d.htm EXHIBIT 99.(A)(5)(D) Exhibit (a)(5)(D) Yext, Inc. Announces Preliminary Results of Modified Dutch Auction Tender Offer NEW YORK, March 19, 2026 — (BUSINESS WIRE) — Yext, Inc. (NYSE: YEXT) (“Yext”), the leading digital presence platform for multi-location brands, today announced the preliminary results of its “modified Dutch Auction” tender offer for shares of its common stock, which expired at 5:00 p.m., New York City time, on March 18, 2026. Based on th...
txn_type = TENDER_OFFEREX-99.(A)(5)(E) 2 tm265607d12_ex99-a5e.htm EXHIBIT 99.(A)(5)(E) Exhibit (a)(5)(E) Yext, Inc. Announces Final Results of Modified Dutch Auction Tender Offer NEW YORK, March 20, 2026 — (BUSINESS WIRE) — Yext, Inc. (NYSE: YEXT) (“Yext”), the leading digital presence platform for multi-location brands, today announced the final results of its “modified Dutch Auction” tender offer for shares of its common stock, which expired at 5:00 p.m., New York City time, on March 18, 2026. Based on the fina...
accepted = 24347826...hares”), were properly tendered and not properly withdrawn at or below the purchase price of $5.75 per Share, including 17,772,669 shares that were tendered by notice of guaranteed delivery. Yext has accepted for purchase a total of 24,347,826 Shares through the tender offer at a price of $5.75 per Share, for an aggregate cost of $139,999,999.50, excluding fees and expenses relating to the tender offer. Yext accepted the Shares on a pro rata basis, except for tenders of “odd lots,” which were accepted in full, and conditiona...
expired_on = 2026-03-18...: YEXT) (“Yext”), the leading digital presence platform for multi-location brands, today announced the final results of its “modified Dutch Auction” tender offer for shares of its common stock, which expired at 5:00 p.m., New York City time, on March 18, 2026. Based on the final count by Broadridge Corporate Issuer Solutions, LLC, the depositary for the tender offer, a total of 62,965,247 shares of Yext’s common stock, par value $0.001 per share (each share of Yext’s common stock, a “Share,” and collectively, “Shares”), were properly...
final_price = 5.75...247 shares of Yext’s common stock, par value $0.001 per share (each share of Yext’s common stock, a “Share,” and collectively, “Shares”), were properly tendered and not properly withdrawn at or below the purchase price of $5.75 per Share, including 17,772,669 shares that were tendered by notice of guaranteed delivery. Yext has accepted for purchase a total of 24,347,826 Shares through the tender offer at a price of $5.75 per Share, for an aggregate cost of $139,999,999.50, excluding fees and expenses relating to...
oddlot_filled = YES...rough the tender offer at a price of $5.75 per Share, for an aggregate cost of $139,999,999.50, excluding fees and expenses relating to the tender offer. Yext accepted the Shares on a pro rata basis, except for tenders of “odd lots,” which were accepted in full, and conditional tenders that were automatically regarded as withdrawn because the condition of the tender has not been met, and has been informed by the Depositary that the final proration factor for the Offer is approximately 38.5%. The total of 24,347,826 Shares that Yext has...
proration_pct = 38.5...ich were accepted in full, and conditional tenders that were automatically regarded as withdrawn because the condition of the tender has not been met, and has been informed by the Depositary that the final proration factor for the Offer is approximately 38.5%. The total of 24,347,826 Shares that Yext has accepted for purchase represents approximately 19.7% of the total number of Shares outstanding as of March 19, 2026. BofA Securities, Inc. acts as dealer manager for the tender offer and D.F. King & Co., Inc. acts as information agen...

The filings

FiledFormRoleOn EDGAR
2026-02-10SC TO-Ioriginal (governing)View
2026-03-19SC TO-I/AamendmentView
2026-03-20SC TO-I/AamendmentView