YELP YELP INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q2 2026: $66M, Q1 2026: $62M, Q3 2025: $66M, Q2 2025: $60M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $66M vs trailing avg $63M (+5%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-97M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 12,600,556 shares = 42.0% of 59,954,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $2M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 18858724.0x more than bought. 6 C-suite officers among sellers

• Nachman Joseph R (Chief Operating Officer) sold 4,500 shares on 2026-08-03
• Amara Carmen (Chief People Officer) sold 1,500 shares on 2026-07-01
• Amara Carmen (Chief People Officer) sold 23,233 shares on 2026-07-02
• Nachman Joseph R (Chief Operating Officer) sold 9,000 shares on 2026-06-30
• Nachman Joseph R (Chief Operating Officer) sold 4,500 shares on 2026-07-01
• Amara Carmen (Chief People Officer) sold 1,000 shares on 2026-06-05
• Amara Carmen (Chief People Officer) sold 500 shares on 2026-06-01
• Amara Carmen (Chief People Officer) sold 500 shares on 2026-05-21
• Saldanha Craig (Chief Product Officer) sold 1,200 shares on 2026-05-01
• Schwarzbach David A (Chief Financial Officer) sold 7,500 shares on 2026-04-15