Kedar Deshpande - 24 Jan 2022 Form 4 Insider Report for Groupon, Inc. (GRPN)

Role
Chief Executive Officer, Director
Signature
/s/ Erin G. Stone
Issuer symbol
GRPN
Transactions as of
24 Jan 2022
Net transactions value
$0
Form type
4
Filing time
26 Jan 2022, 18:07:39 UTC
Previous filing
14 Dec 2021
Next filing
14 Mar 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GRPN Restricted Stock Units Award $0 +363,585 $0.000000 363,585 24 Jan 2022 Common Stock 363,585 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Common Stock.
F2 This Form 4 reports an award of 363,585 restricted stock units, which is the second of two restricted stock unit awards to the Reporting Person. The first award granted on December 10, 2021 was for 375,000 restricted stock units, which has been separately reported. These awards totaling 738,585 restricted stock units were granted in two installments because of a calendar year limit imposed by the Groupon, Inc. 2011 Incentive Plan, as amended. Both awards have the same vesting terms set forth in Footnote 3 below.
F3 The restricted stock units reported on this line will vest quarterly in twelve substantially equal installments, beginning on March 10, 2022, in each case subject to Mr. Deshpande's continued employment with the Company through each vesting date.