Yelp (YELP) director Royce Wells receives 10,646-share restricted stock grant

Rhea-AI Filing Summary

Wells Royce A. reported acquisition or exercise transactions in this Form 4 filing.

Yelp Inc. director Royce A. Wells received an equity grant of 10,646 shares of Common Stock in the form of restricted stock units. These units were awarded at no cash cost per share and are scheduled to vest on the earlier of one year from the grant date or the date of Yelp’s next annual meeting of stockholders. Following this grant, Wells directly holds 45,833 shares of Yelp Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wells Royce A.

Role null

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

Holdings After Transaction: Common Stock — 45,833 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 10,646 shares Grant price per share: $0.0000 per share Shares after transaction: 45,833 shares +1 more

4 metrics

RSU grant size 10,646 shares Restricted stock units granted to director Royce A. Wells

Grant price per share $0.0000 per share Stated price for RSU grant

Shares after transaction 45,833 shares Total Common Stock directly held after grant

Vesting trigger Earlier of one year or next annual meeting Time-based vesting condition for RSUs

Key Terms

restricted stock units, annual meeting of stockholders, Grant, award, or other acquisition, Common Stock

4 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.

annual meeting of stockholders financial

"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"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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^*

Wells Royce A.

(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	45,833	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 insider transaction did Yelp (YELP) disclose for Royce A. Wells?

Yelp reported that director Royce A. Wells received a grant of 10,646 restricted stock units of Common Stock. These were awarded at no cash cost per share as part of equity compensation, increasing his direct holdings to 45,833 shares after the grant.

How many Yelp (YELP) shares does Royce A. Wells hold after this Form 4?

After the reported grant, director Royce A. Wells directly holds 45,833 shares of Yelp Common Stock. This total includes the newly awarded 10,646 restricted stock units, which are subject to vesting based on time and the next annual stockholder meeting.

What are the vesting terms of Royce A. Wells’ new Yelp (YELP) RSU grant?

The 10,646 restricted stock units granted to Royce A. Wells 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 ongoing board service and shareholder oversight.

Was the Yelp (YELP) director RSU grant an open-market purchase or compensation award?

The Form 4 shows a compensation award, not an open-market purchase. The 10,646 Yelp restricted stock units were granted at a stated price of $0.0000 per share, reflecting a non-cash equity grant categorized as a “grant, award, or other acquisition.”

Does this Yelp (YELP) Form 4 indicate any share sales by Royce A. Wells?

No share sales are reported in this Form 4 for Royce A. Wells. The filing shows only an acquisition transaction: a grant of 10,646 restricted stock units of Yelp Common Stock, increasing his direct holdings to a reported 45,833 shares after the transaction.