Islet Management Exits Groupon Stake, Now Holds 0 Shares

TL;DR

**Islet Management dumped all its Groupon shares, now holding zero.**

AI Summary

Islet Management, LP, a Delaware-based investment firm, filed an amended SC 13G/A on January 17, 2024, indicating a significant change in its holdings of Groupon, Inc. common stock as of December 31, 2023. The filing shows Islet Management now beneficially owns 0 shares with sole voting power, a decrease from its previous holdings. This matters to investors because a major institutional investor has completely exited its position in Groupon, which could signal a lack of confidence in the company's future performance.

Why It Matters

This filing reveals a significant institutional investor, Islet Management, has sold off its entire stake in Groupon, which could be interpreted negatively by the market and potentially impact share price.

Risk Assessment

Risk Level: medium — The complete divestment by an institutional investor like Islet Management could signal underlying concerns about Groupon's prospects, posing a medium risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind Islet Management's complete exit from Groupon, potentially reviewing Groupon's recent financial performance and future outlook before making any investment decisions.

Key Numbers

• 0 — Shares Beneficially Owned (Islet Management, LP's current beneficial ownership with sole voting power in Groupon, Inc. as of December 31, 2023.)

Key Players & Entities

• Islet Management, LP (company) — the reporting person that filed the SC 13G/A
• Groupon, Inc. (company) — the subject company whose securities are being reported
• Delaware (company) — place of organization for Islet Management, LP
• December 31, 2023 (date) — the date of the event which required the filing
• 0 (dollar_amount) — number of shares beneficially owned by Islet Management, LP with sole voting power

Forward-Looking Statements

• Groupon's stock price may experience downward pressure due to this institutional divestment. (Groupon, Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) COMMON STOCK, PAR VALUE $0.0001 PER SHARE (Title of Class of Securitie

Filing Documents

• ef20018936_sc13ga.htm (SC 13G/A) — 76KB
• 0001140361-24-002562.txt ( ) — 78KB

(a)

Item 1(a). Name of Issuer: Groupon, Inc., a Delaware corporation (the "Issuer").

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 600 W Chicago Ave., Suite 400 Chicago, IL 60654

(a)

Item 2(a). Name of Person(s) Filing: This Schedule 13G filing relates to shares of Common Stock, $0.0001 par value per share (the "Common Stock"), of the Issuer. This Schedule 13G is being filed on behalf of the following persons/entities (collectively, the "Reporting Persons"): Islet Management, LP ("Islet") Joseph Samuels

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 590 Madison Avenue, 27th Floor New York, NY 10022

(c)

Item 2(c). Citizenship: Islet is organized under the laws of the State of Delaware. Joseph Samuels is a United States citizen.

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $0.0001 per share

(e)

Item 2(e). CUSIP Number: 399473206 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a(n): Not applicable. Item 4. (a) Amount beneficially owned: The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. Islet acts as investment manager to, and exercises investment discretion with respect to funds that hold the securities of the Issuer described herein (the "Accounts"). Mr. Samuels is the Chief Executive Officer and Chief Investment Officer of Islet. As investment manager to the Accounts, Islet, pursuant to an investment management agreement, has discretionary investment authority and voting power with respect to the Common Stock beneficially owned by the Accounts. Thus, it could be deemed to have the power to vote and dispose or direct the disposition of such Common Stock held by the Accounts. As the Chief Executive Officer and Chief Investment Officer of Islet, Mr. Samuels has the ability to exercise investment discretion over the Accounts. Thus, he could be deemed to share the power to vote and dispose or direct the disposition of the Common Stock beneficially owned by the Accounts. As of December 31, 2023, the Accounts directly held 50,000 shares of Common Stock representing 0.2% of the shares of Common Stock outstanding. 4 Calculations of the percentage of shares of Common Stock beneficially owned are based on 31,853,378 shares of Common Stock outstanding as of November 6, 2023, as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 9, 2023. (b) Percent of class: See Item 4(a) above (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: See Item 5 of each cover page hereof. (ii) Shared power to vote or to direct the vote: See Item 6 of each cover page hereof. (iii) Sole power to dispose or to

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 17, 2024 ISLET MANAGEMENT, LP By: /s/ Rebecca Waldman Name: Rebecca Waldman Title: General Counsel JOSEPH SAMUELS /s/ Joseph Samuels

View Full Filing

View this SC 13G/A filing on SEC EDGAR