Lynrock Lake LP Reports 19% Stake in Yext, Inc. as Cynthia Paul Joins Board of Directors

Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul (the Reporting Persons) have filed a Schedule 13D to report a 19.0% beneficial ownership stake in Yext, Inc., consisting of 19,015,087 shares of common stock. This filing supersedes a previously held Schedule 13G following a significant change in the nature of the investment. On July 1, 2026, Yext invited Cynthia Paul to join its Board of Directors, an invitation she accepted. Her appointment was formally approved by the board on July 7, 2026, to serve until the 2027 Annual Meeting. The Reporting Persons acquired these shares for investment purposes, with the aggregate purchase price totaling approximately $122,020,350. Over the past sixty days, the Lynrock Lake Master Fund LP executed numerous open-market purchases at prices ranging from approximately $3.44 to $4.04 per share. As a director, Ms. Paul intends to engage in regular discussions with management regarding business operations, capital allocation, and corporate governance. The Reporting Persons may further adjust their position based on market conditions.