David A. Schwarzbach - Mar 15, 2024 Form 4 Insider Report for YELP INC (YELP)

Signature
/s/ Vanessa (Jee Won) Oh, Attorney-in-Fact
Stock symbol
YELP
Transactions as of
Mar 15, 2024
Transactions value $
-$372,881
Form type
4
Date filed
3/19/2024, 05:06 PM
Previous filing
Mar 11, 2024
Next filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YELP Common Stock Sale -$104K -2.75K -1.01% $37.70 269K Mar 15, 2024 Direct F1
transaction YELP Common Stock Tax liability -$269K -7.18K -2.67% $37.52 262K Mar 15, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were sold pursuant to a duly adopted 10b5-1 trading plan, adopted by the reporting person on February 28, 2023.
F2 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of certain RSUs, which were previously reported in Table I following the date of grant.