Stoppelman Jeremy 4

What Happened

Yelp CEO Jeremy Stoppelman was credited with 48,779 performance-based restricted stock units (RSUs) on March 4, 2026. The RSUs were recorded as an award/acquisition at $0.00 (no cash paid). The award reflects performance criteria being met and makes those shares eligible to vest according to a set schedule.

Key Details

• Transaction type: Grant/Award (Form 4 code A) — acquisition at $0.00.
• Transaction date: March 4, 2026; Form filed March 6, 2026.
• Shares involved: 48,779 RSUs became eligible to vest. Reported acquisition value: $0.
• Vesting schedule (per footnote): 31.25% of the shares vest on March 15, 2026; then 6.25% vest quarterly thereafter until fully vested, subject to continued service.
• Original grant: On Feb 7, 2025 Stoppelman was granted performance-based RSUs covering 48,345 shares at target, with 0–200% payout depending on performance; the performance criteria were met, producing the 48,779-share allocation.
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Filed within the typical Form 4 window (not indicated as late).

Context

This was an issuance of performance-based RSUs (compensation), not an open-market purchase or sale. Such awards are common executive pay and represent potential future ownership if the RSUs vest and any service conditions are met. Because no cash was paid and the shares are subject to vesting, this filing signals compensation realization rather than an immediate buy or sell decision by the CEO.