Yelp (NYSE: YELP) CPO gains 17,216 performance-based stock units

Rhea-AI Filing Summary

Yelp Inc.’s Chief Product Officer Craig Saldanha reported an equity award tied to prior performance goals. On March 4, 2026, he acquired 17,216 shares of Yelp common stock at a price of $0.00 per share through a grant classified as a grant, award, or other acquisition.

The award stems from performance-based restricted stock units originally covering 17,063 shares granted on February 7, 2025, where zero to 200% could become eligible based on performance. After the performance criteria were met, 17,216 shares became eligible to vest, with 31.25% scheduled to vest on March 15, 2026 and 6.25% vesting quarterly thereafter, subject to his continued service. Following this transaction, Saldanha directly owned 270,350 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

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^*

Saldanha Craig

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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	03/04/2026		A		17,216(1)	A	$0	270,350	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. On February 7, 2025, the Reporting Person was granted performance-based restricted stock units covering 17,063 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of performance goals. On March 4, 2026, the performance criteria were met, resulting in 17,216 shares becoming eligible to vest according to the following schedule, subject to the Reporting Person's continued service with the Issuer: 31.25% of the shares will vest on March 15, 2026; and 6.25% of the shares will vest quarterly thereafter until fully vested.

Remarks:

	/s/ Elizabeth Prosser, Attorney-in-Fact	03/06/2026
	** 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.
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FAQ

What insider transaction did Yelp (YELP) report for Craig Saldanha?

Yelp reported that Chief Product Officer Craig Saldanha acquired 17,216 shares of common stock through an equity award. The shares became eligible after performance criteria were met and will vest over time, adding to his existing direct ownership position in Yelp.

How many Yelp (YELP) shares did Craig Saldanha acquire in this Form 4?

Craig Saldanha acquired 17,216 shares of Yelp common stock in this reported transaction. These shares relate to performance-based restricted stock units that became eligible to vest after goals were achieved, increasing his direct holdings to 270,350 shares following the award.

What are the vesting terms of Craig Saldanha’s Yelp (YELP) performance-based stock units?

Once performance criteria were met, 17,216 shares became eligible to vest for Craig Saldanha. According to the schedule, 31.25% of these shares will vest on March 15, 2026, with 6.25% vesting quarterly thereafter, contingent on his continued service with Yelp.

When were Craig Saldanha’s Yelp (YELP) performance-based RSUs originally granted?

Craig Saldanha received performance-based restricted stock units on February 7, 2025, covering 17,063 Yelp common shares at the target level. Between zero and 200% of this amount could become eligible to vest depending on performance, ultimately resulting in 17,216 shares becoming eligible.

What was the price per share for Craig Saldanha’s newly acquired Yelp (YELP) shares?

The newly acquired 17,216 Yelp common shares were reported at a price of $0.00 per share. This reflects that the shares were obtained through a grant or award mechanism rather than an open-market purchase, consistent with performance-based equity compensation.