Yelp (NYSE: YELP) director awarded 10,646 restricted stock units

Rhea-AI Filing Summary

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

Yelp Inc. director Fred D. Anderson received a grant of 10,646 shares of common stock in the form of restricted stock units. The units were awarded at no cash cost and increase his direct holdings to 64,164 Yelp shares after the transaction.

The restricted stock units vest on the earlier of one year from the grant date or the date of Yelp's next annual meeting of stockholders. Until vesting, the award represents a promise of future shares as part of his equity-based director compensation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ANDERSON FRED D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,646	$0.00	--

Holdings After Transaction: Common Stock — 64,164 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 10,646 shares Grant price: $0.00 per share Total holdings after grant: 64,164 shares +1 more

4 metrics

RSU grant size 10,646 shares Restricted stock units granted to director on June 5, 2026

Grant price $0.00 per share Compensation award, not open-market purchase

Total holdings after grant 64,164 shares Director’s direct beneficial ownership following the transaction

Vesting condition Earlier of one year or next annual meeting Schedule for 10,646 restricted stock units to vest

Key Terms

restricted stock units, vesting, annual meeting of stockholders

3 terms

restricted stock units financial

"Represents the grant of restricted stock units that vest on the earlier of (a) one year from the date of grant..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"restricted stock units that vest on the earlier of (a) one year from the date of grant or (b) the date..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

annual meeting of stockholders financial

"the earlier of (a) one year from the date of grant or (b) the date of the Issuer's next annual meeting of stockholders"

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 94105

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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

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

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

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	06/05/2026		A		10,646(1)	A	$0	64,164	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 on the earlier of (a) one year from the date of grant or (b) the date of the Issuer's next annual meeting of stockholders.

Remarks:

	/s/ Elizabeth Prosser, Attorney-in-Fact	06/09/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Yelp (YELP) director Fred D. Anderson report in this Form 4?

Fred D. Anderson reported receiving a grant of 10,646 Yelp restricted stock units. These equity awards are part of his director compensation and were granted at no cash cost, increasing his direct beneficial ownership to a total of 64,164 shares.

How many Yelp shares were granted to Fred D. Anderson in this transaction?

Fred D. Anderson was granted 10,646 shares of Yelp common stock as restricted stock units. The grant is recorded at a price of $0.00 per share, reflecting a compensation award rather than an open-market purchase of stock.

What is the vesting schedule for Fred D. Anderson’s new Yelp restricted stock units?

The 10,646 restricted stock units vest on the earlier of one year from the grant date or Yelp’s next annual meeting of stockholders. This time-based vesting aligns director compensation with continued board service over the coming year.

How many Yelp shares does Fred D. Anderson own after this Form 4 transaction?

Following the restricted stock unit grant, Fred D. Anderson directly holds 64,164 shares of Yelp common stock. This total includes the newly awarded 10,646 restricted stock units, which will convert into shares once they vest under the specified schedule.

Was this Yelp (YELP) Form 4 an open-market stock purchase or sale?

This Form 4 does not show an open-market purchase or sale. It records a compensation-related grant of 10,646 restricted stock units to director Fred D. Anderson, awarded at $0.00 per share as part of his equity-based director compensation package.