Jonathan Sandison - 12 Mar 2025 Form 4 Insider Report for Vroom, Inc. (VRM)

Role
Chief Financial Officer, UACC
Signature
/s /Anna-Lisa Corrales, Attorney-in-Fact for Jonathan Sandison
Issuer symbol
VRM
Transactions as of
12 Mar 2025
Net transactions value
+$799,875
Form type
4
Filing time
14 Mar 2025, 21:50:12 UTC
Next filing
19 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRM Common Stock Award $0 +40,991 +12273% $0.000000 41,325 12 Mar 2025 Direct F1, F2

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 VRM Stock Options (Right to buy) Award $457,125 +7,500 $60.95 7,500 12 Mar 2025 Common Stock 7,500 $60.95 Direct F3
transaction VRM Stock Options (Right to buy) Award $342,750 +7,500 $45.70 7,500 12 Mar 2025 Common Stock 7,500 $45.70 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units that will vest in full on January 18, 2029, subject to the Reporting Person's continued service on such date. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
F2 The number of shares of common stock in this Form 4 reflects the automatic conversion of the prior common stock at a ratio of 1-for-5 in connection with the Issuer's emergence from bankruptcy on January 12, 2025 (the "Recapitalization").
F3 Twenty-five percent of the shares of common stock that are subject to the option will vest on March 12, 2026 and the remaining Seventy-five percent will vest in three equal installments on each January 14, 2027, January 14, 2028, and January 14, 2029, in each case subject to Reporting Person's continued service on such date.