Yandex Board of Directors set the share placement price for the long-term incentive program at ₽3980.5 per share, which corresponds to the weighted average price on the Moscow Stock Exchange on November 13. Company plans to issue up to 3.9 million shares by closed subscription in favor of ESOP SPV LLC, which operates the employee motivation program. The total number of outstanding shares will be calculated based on employee statements about the exercise of options.