Yelp Insider's Regular Stock Sales Continue: What Investors Should Know
Rhea-AI Filing Summary
Form 144 Notice of Proposed Sale filed for Yelp (NYSE: YELP) indicates insider Craig Saldanha plans to sell 1,000 shares of common stock with an aggregate market value of $34,340. The proposed sale is scheduled for June 23, 2025, through Morgan Stanley Smith Barney LLC.
The securities were originally acquired as Restricted Stock from the issuer on February 20, 2023. The filing reveals a pattern of regular sales by the same insider over the past three months:
- May 23, 2025: 1,000 shares sold for $37,530
- April 23, 2025: 1,000 shares sold for $34,450
- March 24, 2025: 1,000 shares sold for $36,340
Total outstanding shares reported: 63,842,428. This planned sale represents a continuation of the insider's regular monthly selling pattern, suggesting a predetermined trading schedule possibly under Rule 10b5-1.
Positive
- None.
Negative
- Insider Craig Saldanha has established a pattern of consistent monthly sales, disposing of 4,000 shares over 4 months worth approximately $142,660, indicating ongoing selling pressure from management