Jeremy Stoppelman - 03 Nov 2023 Form 4 Insider Report for YELP INC (YELP)

Signature
/s/ Elizabeth Prosser, Attorney-in-Fact
Issuer symbol
YELP
Transactions as of
03 Nov 2023
Net transactions value
-$1,352,200
Form type
4
Filing time
08 Nov 2023, 09:12:25 UTC
Previous filing
03 Oct 2023
Next filing
16 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YELP Common Stock Sale $451,000 -10,000 -0.47% $45.10 2,112,010 03 Nov 2023 by Trust F1, F2
transaction YELP Common Stock Sale $450,000 -10,000 -0.47% $45.00 2,102,010 06 Nov 2023 by Trust F1, F2
transaction YELP Common Stock Sale $451,200 -10,000 -0.48% $45.12 2,092,010 07 Nov 2023 by Trust F1, 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 21, 2023.
F2 Shares are held by the Jeremy Stoppelman Revocable Trust dated March 16, 2010, for which the reporting person is the trustee. The reporting person holds voting and dispositive power over the shares.