YELP (NYSE: YELP) investor discloses planned sale of 13500 common shares

Rhea-AI Filing Summary

YELP has a Rule 144 notice for a planned sale of 13500 shares of common stock by holder David Schwarzbach through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of 410521.50 and an approximate sale date of 12/16/2025. Shares of this class outstanding were 61491989 at the time of the notice; this is a baseline figure, not the amount being sold.

The shares to be sold were acquired from the issuer as performance shares and restricted stock on 11/20/2022, 03/15/2023, and 11/20/2024 in amounts of 3124, 4892, 4427 and 1057. During the past 3 months, Schwarzbach has already sold 9611 shares for gross proceeds of 281678.23 on 11/26/2025 and 10000 shares for 335785.01 on 10/15/2025. He represents that he is not aware of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	13500	410521.50	61491989	12/16/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/20/2022	Performance Shares	ISSUER			3124	11/20/2022	Not Applicable
Common	11/20/2022	Restricted Stock	ISSUER			4892	11/20/2022	Not Applicable
Common	11/20/2024	Performance Shares	ISSUER			1057	11/20/2024	Not Applicable
Common	03/15/2023	Performance Shares	ISSUER			4427	03/15/2023	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
DAVID SCHWARZBACH 350 Mission Street, 10th Floor San Francisco CA 94105	Common	11/26/2025	9611	281678.23
DAVID SCHWARZBACH 350 Mission Street, 10th Floor San Francisco CA 94105	Common	10/15/2025	10000	335785.01

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does YELP's Rule 144 notice disclose?

The notice shows that David Schwarzbach plans to sell 13500 shares of YELP common stock on the NYSE under Rule 144 through Morgan Stanley Smith Barney LLC.

How many YELP shares is David Schwarzbach planning to sell?

He plans to sell 13500 shares of YELP common stock, with an aggregate market value of 410521.50 according to the notice.

Which broker and exchange are involved in the planned YELP share sale?

The planned sale will be handled by Morgan Stanley Smith Barney LLC Executive Financial Services, and the shares are to be sold on the NYSE.

When were the YELP shares being sold originally acquired and in what form?

The securities were acquired from the issuer as performance shares and restricted stock on 11/20/2022, 03/15/2023, and 11/20/2024 in amounts of 3124, 4892, 4427 and 1057 shares.

What YELP share sales has David Schwarzbach made in the last 3 months?

Over the past 3 months, he sold 9611 shares for gross proceeds of 281678.23 on 11/26/2025 and 10000 shares for 335785.01 on 10/15/2025.

Does the seller make any statement about undisclosed information on YELP?

By signing the notice, the seller represents that he does not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

How many YELP shares of this class are outstanding?

The notice states that the number of shares of this class outstanding is 61491989, which serves as a baseline figure alongside the planned sale.