David A. Schwarzbach - 10 Mar 2022 Form 4 Insider Report for YELP INC (YELP)

Role: Chief Financial Officer
Signature: /s/ Elizabeth Prosser, Attorney-in-Fact
Issuer symbol: YELP
Transactions as of: 10 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Mar 2022, 18:20:58 UTC
Previous filing: 24 Feb 2022
Next filing: 17 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YELP	Common Stock	Award	$0	+69,753	+43%	$0.000000	230,500	10 Mar 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 5, 2021, the Reporting Person was granted performance-based restricted stock units covering 51,179 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of performance goals. On March 10, 2022, the performance criteria were met, resulting in 69,753 shares becoming eligible to vest according to the following schedule, subject to the Reporting Person's continued service with the Issuer: 31.25% of the shares will vest on March 15, 2022; and 6.25% of the shares will vest quarterly thereafter until fully vested.

Content

On February 5, 2021, the Reporting Person was granted performance-based restricted stock units covering 51,179 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of performance goals. On March 10, 2022, the performance criteria were met, resulting in 69,753 shares becoming eligible to vest according to the following schedule, subject to the Reporting Person's continued service with the Issuer: 31.25% of the shares will vest on March 15, 2022; and 6.25% of the shares will vest quarterly thereafter until fully vested.