Schwarzbach David A 4

What Happened

• David A. Schwarzbach, Chief Financial Officer of Yelp Inc., was granted/recorded an award of 24,231 shares (performance-based restricted stock units) on March 4, 2026. The shares were reported as acquired at $0.00 (award), so no cash was paid by the insider.

Key Details

• Transaction date: March 4, 2026; Form 4 filed: March 6, 2026 (appears timely).
• Transaction type/code: A — Grant/award (performance-based RSUs).
• Shares recorded: 24,231 RSUs acquired at $0.00 (total $0 cash outlay).
• Shares owned after transaction: not disclosed in this filing.
• Footnote summary: Originally granted Feb 7, 2025 covering 24,015 shares at target (0–200% possible payout). On March 4, 2026 the performance criteria were met, producing 24,231 RSUs eligible to vest. Vesting schedule: 31.25% on March 15, 2026, then 6.25% quarterly thereafter until fully vested, subject to continued service.

Context

• These are performance-based restricted stock units that become actual shares only as they vest; this is a compensation award rather than an open-market purchase or sale. Such awards are common for executive pay and do not by themselves indicate the insider bought or sold shares on the market.