Nachman Joseph R 4

What Happened

• Joseph R. Nachman, COO of Yelp Inc. (YELP), had 10,332 shares withheld to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The transaction is reported as a disposition: 10,332 shares at $22.47 per share, a value of $232,160, dated May 20, 2026.
• This was not an open-market sale or a purchase; it was a routine tax-withholding event associated with RSU vesting.

Key Details

• Transaction date: 2026-05-20
• Price per share: $22.47
• Shares withheld/disposed: 10,332
• Total value (not a cash sale): $232,160
• Footnote: F1 — shares were withheld to satisfy tax withholding on RSU vesting; those RSUs were previously reported in Table I after grant.
• Shares owned after transaction: not disclosed in the provided filing.
• Filing: Report accession 0001540652-26-000006 filed May 22, 2026 — appears timely (Form 4 is typically due within two business days).

Context

• Tax-withholding via share retention is common when RSUs vest and does not necessarily indicate insider sentiment (it's not the same as selling stock on the open market).
• The filing shows a disposition for tax purposes rather than a decision to monetize holdings; no 10b5-1 plan, gift, or option exercise beyond the RSU vesting is indicated in the provided notes.