Groupon shareholder Nick Nemeth urged the company’s Board and management to accelerate share repurchases, adopt a $120 million operating cash-balance goal and establish an automated Rule 10b5-1 plan that could continue purchases during routine earnings blackouts. Groupon shares rose 12.89% to $21.54 Monday afternoon, according to Benzinga Pro data. Nemeth said the turnaround restored annual growth and reduced costs, with 2025 billings up 7%, North America Local up 14%, SG&A down approximately $22 million and headcount down 17%. The 2026 restructuring targets another $20 million to $25 million in annualized payroll savings, partly reinvested in growth. Groupon reported $226 million of cash at June 30, while analyst estimates imply $68 million of second-half 2026 free cash flow and $112 million in 2027. Nemeth estimates potential gross SumUp proceeds of $180 million or more within 12 months, although no sale has been announced and timing, valuation, taxes and costs remain uncertain. Using 40.7 million shares outstanding, the September 18 close of $19.08 and other stated assumptions, he values Groupon’s operating enterprise value after subtracting SumUp at $661 million, or 6.4 times 2027 consensus EBITDA of $102.6 million. He argues that repurchases could retire 17.7 million shares at $20, or 15.4 million after reserving $47 million for March debt maturity, and potentially 21 million through year-end 2027 including projected 2027 free cash flow. Nemeth asked the Board to use the existing authorization, which had approximately $214 million remaining at June 30, and to report net share-count reduction after equity compensation.