Netzly Kyle 4

What Happened

• Kyle Netzly, Chief Accounting Officer of Groupon, had 4,267 restricted stock units (RSUs) vest on May 20, 2026. The RSUs converted into 4,267 shares valued at $17.32 each (gross value ~$73,904).
• To satisfy mandatory tax withholding, 1,911 of those shares were surrendered (withheld) at $17.32 for a withholding value of ~$33,099. Net shares retained by Netzly: 2,356 shares (net value ≈ $40,806).
• This transaction is a vesting/conversion of RSUs (not an open-market purchase or sale).

Key Details

• Transaction date: May 20, 2026. Report filed May 22, 2026 (filed within the SEC two-business-day Form 4 deadline).
• Prices and values: 4,267 shares acquired at $17.32 ($73,904 gross); 1,911 shares withheld for taxes at $17.32 ($33,099); net 2,356 shares retained (~$40,806).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — shares withheld to satisfy mandatory tax withholding (not an open market sale). F2 — each RSU converts to one share. F3 — an additional 4,267 RSUs are scheduled to vest on May 20, 2027, subject to continued employment.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding/share surrender for taxes.

Context

• This was a routine RSU vesting event with shares withheld to cover taxes (a common practice). It is neither a market purchase nor a market sale that signals trading intent.
• For retail investors, vested RSUs and share-withholding for taxes are administrative events; they don't necessarily indicate a change in insider sentiment.