Yelp Investor Presentation Deck

Track record of enhancing governance Focused on driving shareholder value 2016 Collapsed dual-class share structure 2017 Initiated stock buyback program 2018 Transitioned to net share withholding to reduce dilution Adopted director resignation policy Adopted stock ownership guidelines 2019 Added three new independent directors 2020 Added two new independent directors, expanding the Board to a total of nine directors Introduced performance- based stock grants for executive compensation 2021 Began phased Board declassification Adopted majority vote standard with director resignation policy Strong Governance 2022 Implemented proxy access Incorporated long-term component for executive compensation 35

View entire presentation