Yelp CPO Amara Carmen Sells Shares; RSUs Tax-Settled

What Happened
Amara Carmen, Chief People Officer of Yelp Inc. (YELP), had 4,955 shares withheld to satisfy tax obligations associated with RSU vesting on May 20, 2026 (withholding price $22.47, value $111,339). She also sold 500 shares in an open-market transaction on May 21, 2026 at $22.35 per share for $11,175. The withholding is a tax-settlement of vested RSUs (not a voluntary market sale); the 500-share sale was executed under a pre-established 10b5-1 plan.

Key Details

• Transactions and amounts:
  • May 20, 2026 — 4,955 shares withheld for taxes at $22.47 each; value $111,339 (Disposition; tax withholding).
  • May 21, 2026 — 500 shares sold open market at $22.35 each; proceeds $11,175 (Disposition; sale under 10b5-1).
• Footnotes:
  • F1: Withheld shares satisfy tax withholding on vested RSUs previously reported.
  • F2: The 500-share sale was pursuant to a 10b5-1 trading plan adopted Feb 19, 2026.
• Shares owned after the transactions: not specified in the provided filing details.
• Filing timeliness: Form 4 filed May 22, 2026 covering transactions on May 20–21, 2026 — appears to be filed within normal Form 4 timing rules.

Context
Tax withholding on vested RSUs is a routine administrative disposal and does not necessarily signal a change in insider sentiment. Sales executed under a 10b5-1 plan are prearranged and commonly used to avoid timing concerns; they also tend to be viewed as routine. Total value involved here is modest (~$122.5K combined), so this filing reflects routine tax settlement and a small planned sale rather than a large-scale insider exit.