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Yelp Inc. Message Board

  • runforthehills971 runforthehills971 Jun 26, 2014 9:27 PM Flag

    What a big surprise,INSIDER SELLS SHARES AGAIN

    Major owner of Yelp Inc. just cashed-in 13,514 options
    Jeremy Stoppelman, a major owner of Yelp Inc. and Yelp Inc.'s Chief Executive Officer and a director of the company, recently cashed-in 13,514 options. The options were exercised at $0.00, while the disposals took place between $75.68 and $76.21 per share, on June 25, 2014. Stoppelman no longer owns any shares of the company. Stoppelman operates out of San Francisco, CA. Some additional info was provided as follows:

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    • Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock. Shares are held by Jeremy Stoppelman as Trustee UA 03/16/10 Jeremy Stoppelman Revocable Trust. The Reporting Person holds voting and dispositive power over the shares. Shares were sold pursuant to a duly adopted 10b5-1 trading plan. The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $75.11 to $75.97, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer. The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $76.00 to $76.50, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. All Class A Common Stock and Class B Common Stock will convert automatically into Common Stock on the earlier of (i) the date on which the number of outstanding shares of Class B Common Stock represents less than 10% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock and (ii) seven years following the effective date of the issuer's initial public offering. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock (i) upon any transfer, whether or not for value (subject to certain exceptions), or (ii) in the event of the death or disability (as defined in the amended and restated certificate of incorporation of the issuer) of the Reporting Person, or (iii) upon such date as is specified by the affirmative vote or written consent of at least 66 2/3% of the outstanding shares of Class B Common Stock. Not applicable.

      • 1 Reply to runforthehills971
      • Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman unloaded 13,514 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $75.98, for a total transaction of $1,026,793.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

        Shares of Yelp (NASDAQ:YELP) traded down 1.41% during mid-day trading on Thursday, hitting $76.90. The stock had a trading volume of 3,282,416 shares. Yelp has a 52-week low of $33.20 and a 52-week high of $101.75. The stock has a 50-day moving average of $65.31 and a 200-day moving average of $73.59. The company’s market cap is $5.511 billion.

 
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