Lynrock Lake LP discloses 19% stake in Yext, appoints representative to board
Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul filed a Schedule 13D disclosing beneficial ownership of 19,015,087 shares (19.0% of class) of Yext, Inc. The filing supersedes prior Schedule 13G filings and discloses that on July 1, 2026, Yext's general counsel invited Ms. Paul to join the board; she accepted, and on July 7, 2026, the board formally approved her appointment as a director to serve until the 2027 Annual Meeting. The reporting persons stated they may engage in discussions with management and the board regarding business strategy, corporate governance, capital allocation, and other matters.
Key facts
- Cynthia Paul appointed to Yext board of directors on July 7, 2026, to serve until 2027 Annual Meeting
- Lynrock Lake LP beneficial ownership: 19,015,087 shares (19.0% of class)
- Initial Schedule 13G filed February 14, 2024; amended multiple times; superseded by this Schedule 13D on April 7, 2026
- Ms. Paul invited by Yext general counsel on July 1, 2026; accepted invitation
- Reporting persons may engage in discussions with board and management regarding strategy, governance, capital allocation, mergers and acquisitions, and executive compensation
Why it matters
Lynrock Lake's 19% stake and board seat for Ms. Paul give the investment firm direct influence over Yext's governance and strategic decisions, including potential M&A activity and capital allocation.
Share
Derived from SC 13D filed 2026-07-09. Not investment advice. View the source filing on SEC.gov →