Yelp (YELP) director Fred Anderson receives 3,154-share restricted stock grant

Rhea-AI Filing Summary

ANDERSON FRED D reported acquisition or exercise transactions in this Form 4 filing.

Yelp Inc. director Fred D. Anderson reported receiving a grant of 3,154 shares of common stock in the form of restricted stock units. The grant was at no cash cost per share and will vest in equal quarterly installments over one year from the grant date. Following this award, Anderson directly holds a total of 53,518 Yelp common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

ANDERSON FRED D

(Last) (First) (Middle)

C/O YELP INC.

350 MISSION STREET, 10TH FLOOR

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
YELP INC [ YELP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		A		3,154(1)	A	$0	53,518	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the grant of restricted stock units that vest in equal quarterly installments over one year from the date of grant.

Remarks:

	/s/ Elizabeth Prosser, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Yelp (YELP) director Fred D. Anderson report?

Fred D. Anderson reported an acquisition of 3,154 Yelp common shares through a restricted stock unit grant. The grant was awarded at no cash cost per share and represents additional equity-based compensation, increasing his directly held position in Yelp stock.

How many Yelp (YELP) shares does Fred D. Anderson hold after this Form 4?

After the reported grant, Fred D. Anderson directly holds 53,518 shares of Yelp common stock. This total includes the 3,154 shares received via restricted stock units that were granted as equity compensation and will vest in stages over the following year.

What type of award did Yelp (YELP) grant to Fred D. Anderson?

Yelp granted Fred D. Anderson restricted stock units covering 3,154 shares of common stock. Restricted stock units are equity awards that convert into shares over time, providing stock-based compensation that typically aligns director or executive incentives with long-term shareholder interests.

How do the new Yelp (YELP) restricted stock units vest for Fred D. Anderson?

The 3,154 restricted stock units granted to Fred D. Anderson vest in equal quarterly installments over one year from the grant date. This quarterly vesting schedule gradually delivers actual Yelp shares, encouraging continued board service and alignment with the company’s performance over that period.

Did Fred D. Anderson pay cash for the new Yelp (YELP) shares?

No, the filing shows a transaction price per share of 0.0000 for the 3,154 shares. This indicates the shares were received as an equity award rather than purchased in the open market, reflecting stock-based compensation instead of a cash investment transaction.

Is the Yelp (YELP) Form 4 transaction a buy or a grant for Fred D. Anderson?

The transaction is classified as a grant, award, or other acquisition rather than an open-market purchase. It reflects the issuance of 3,154 restricted stock units to Fred D. Anderson as compensation, not a traditional buy or sell trade executed through the stock market.