Harinstein Jason 4
Research Summary
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Groupon Director Jason Harinstein Receives RSUs and Converts Vested Shares
What Happened
- Jason Harinstein, a director of Groupon, Inc. (GRPN), received a grant of 12,349 restricted stock units (RSUs) on June 11, 2026 and on the same date converted 5,766 vested RSUs into common shares. The filing reports $0.00 per share for these transactions (no cash paid or received). The conversion entry shows 5,766 shares acquired and a matching 5,766-share disposition listed as a derivative.
Key Details
- Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely).
- Grant: 12,349 RSUs granted (reported as code A) at $0.00; per footnote, 100% of these RSUs vest on June 11, 2027.
- Conversion: 5,766 shares acquired via exercise/conversion of vested RSUs (code M) at $0.00; a simultaneous 5,766-share derivative disposition (code M) is also reported at $0.00.
- Footnotes: F1–F2 confirm the June 11, 2026 RSUs and that each RSU equals one share; F3 notes the RSUs granted 6/11/2025 fully vested 6/11/2026.
- Shares owned after the transactions: not specified in this Form 4.
- Filing timeliness: filed within the required two business days (not marked late).
Context
- The grant is an award (not a market purchase) and has no immediate cash cost to the director; the RSUs will convert to shares if and when they vest (here, 100% vests 6/11/2027).
- The paired acquire/dispose entries for 5,766 shares reflect conversion of vested RSUs and a derivative disposition; filings commonly show similar dispositions when shares are surrendered to cover tax withholding, though the Form 4 does not explicitly state the reason.
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