Yelp CEO Sells Over 20,000 Shares to Cover Tax Obligations Amid Stock Decline
On August 20, 2026, Yelp's Chief Executive Officer Jeremy Stoppelman sold over 20,000 shares of the company’s stock. The transaction was a non-discretionary event where shares were withheld to cover tax liabilities arising from the vesting of restricted stock units (RSUs). Despite this large sale, Stoppelman still holds approximately 918,455 directly owned shares in Yelp, with an estimated market value of $21.68 million as of that date. Yelp's stock has experienced a significant decline over the past year, dropping by 24% and reaching a 52-week low earlier in February at $19.60 per share. The company reported only modest revenue growth—just 1% year-over-year to $376 million—in its second-quarter earnings for 2026. The stock was trading at $23.46 as of the following day, with a market capitalization of approximately $1.3 billion and trailing twelve-month (TTM) revenue of $1.5 billion.
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