Yelp (YELP) CEO Jeremy Stoppelman exercises options and sells 90K shares

Rhea-AI Filing Summary

Yelp Inc. Chief Executive Officer and director Jeremy Stoppelman reported a series of option exercises and share sales over three days in January 2026. On January 21, 22, and 23, 2026, he exercised stock options to buy a total of 90,000 shares of Yelp common stock at an exercise price of $20.47 per share, drawing from fully vested options.

On each of those dates, he then sold shares of common stock in the open market: 30,000 shares on January 21 at a weighted average price of $28.3033, 30,000 shares on January 22 at $29.2881, and on January 23 he sold 28,600 shares at $28.7193 and 1,400 shares at $29.235. The filing states that these sales were made under a Rule 10b5-1 trading plan adopted on May 19, 2025. After the reported transactions, Stoppelman directly beneficially owned 756,458 shares of common stock and held 246,200 stock options.

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).

X

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^*

Stoppelman Jeremy

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

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	01/21/2026		M		30,000	A	$20.47	786,458	D
Common Stock	01/21/2026		S		30,000(1)	D	$28.3033(2)	756,458	D
Common Stock	01/22/2026		M		30,000	A	$20.47	786,458	D
Common Stock	01/22/2026		S		30,000(1)	D	$29.2881(3)	756,458	D
Common Stock	01/23/2026		M		30,000	A	$20.47	786,458	D
Common Stock	01/23/2026		S		28,600(1)	D	$28.7193(4)	757,858	D
Common Stock	01/23/2026		S		1,400(1)	D	$29.235(5)	756,458	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
Stock Option (Right to Buy)	$20.47	01/21/2026		M			30,000	(6)	03/09/2026	Common Stock	30,000	$0	306,200	D
Stock Option (Right to Buy)	$20.47	01/22/2026		M			30,000	(6)	03/09/2026	Common Stock	30,000	$0	276,200	D
Stock Option (Right to Buy)	$20.47	01/23/2026		M			30,000	(6)	03/09/2026	Common Stock	30,000	$0	246,200	D

Explanation of Responses:

1. Shares were sold pursuant to a duly adopted 10b5-1 trading plan, adopted by the reporting person on May 19, 2025.

2. The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $27.78 to $28.495, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

3. The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $28.7 to $29.56, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

4. The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $28.22 to $29.2, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

5. The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $29.22 to $29.3, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

6. Fully vested.

Remarks:

	/s/ Vanessa J. Oh, Attorney-in-Fact	01/23/2026
	** 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).
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FAQ

What insider transactions did Yelp (YELP) CEO Jeremy Stoppelman report?

Jeremy Stoppelman reported exercising stock options for 90,000 shares of Yelp common stock at $20.47 per share and selling 90,000 shares in market transactions over January 21–23, 2026.

What prices were involved in the recent Yelp (YELP) CEO share sales?

The reported weighted average sale prices were $28.3033 on January 21, $29.2881 on January 22, and on January 23, $28.7193 for 28,600 shares and $29.235 for 1,400 shares. Each day’s sales were executed in multiple transactions within stated price ranges.

Were Jeremy Stoppelman’s Yelp (YELP) share sales part of a 10b5-1 plan?

Yes. The filing explains that the shares were sold pursuant to a duly adopted Rule 10b5-1 trading plan that Jeremy Stoppelman adopted on May 19, 2025.

How many Yelp (YELP) shares does the CEO own after these transactions?

Following the reported transactions, Jeremy Stoppelman directly beneficially owned 756,458 shares of Yelp common stock, according to the filing.

What stock options does the Yelp (YELP) CEO hold after these Form 4 transactions?

After exercising options over the three days, Jeremy Stoppelman held 246,200 stock options (right to buy) with an exercise price of $20.47, as reported.

What were the details of the Yelp (YELP) stock option exercises reported?

On each of January 21, 22, and 23, 2026, Stoppelman exercised 30,000 stock options at an exercise price of $20.47 per share. The filing notes these options were fully vested and relate to common stock.