Cynthia Paul, together with Lynrock Lake LP, disclosed a 19.0% stake in Yext, Inc. common stock. The filing, accepted on Jul. 09, 2026, switches their status from a passive Schedule 13G to an active Schedule 13D. The move comes as Yext invited Paul to join its board, and the board approved her appointment on July 7, 2026.

Investor Intent

Paul accepted an invitation to join Yext’s board on July 1, 2026, and the board approved her appointment on July 7, 2026, to serve until the 2027 annual meeting. As a director, she will hold regular discussions with management and the board about the company’s business, operations, and performance.

Lynrock Lake may talk with management and other shareholders about strategy, governance, capital allocation, capital structure, M&A, and executive pay. They may also buy more shares or sell shares over time. "The board formally approved the appointment of Ms. Paul as a director" and the investors "may engage in conversations with management and/or the Board regarding a range of issues."

Investor's Background

Lynrock Lake LP is a Delaware-based investment manager headquartered in Rye Brook, New York, focused on public equities. Cynthia Paul serves as Chief Investment Officer of Lynrock Lake LP and is the sole member of its general partner. The firm pursues fundamental, research-driven investments, often concentrating in technology and related sectors with an active, long-term approach.

Original SEC Filing: Yext, Inc. [ YEXT ] - SCHEDULE 13D - Jul. 09, 2026