Anna-Lisa Corrales - Jan 14, 2025 Form 4 Insider Report for Vroom, Inc. (VRM)

Role
CLO, CCO, Secretary
Signature
/s/Anna-Lisa Corrales
Stock symbol
VRM
Transactions as of
Jan 14, 2025
Transactions value $
$541,539
Form type
4
Date filed
3/14/2025, 09:38 PM
Previous filing
Aug 30, 2024
Next filing
May 19, 2025
SEC
View on sec.gov
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRM Common Stock Award $0 +30.5K +4603.17% $0.00 31.1K Mar 12, 2025 Direct F1, F2
holding VRM Common Stock 0.36 Jan 14, 2025 By minor children 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 $305K +5K $60.95 5K Mar 12, 2025 Common Stock 5K $60.95 Direct F3
transaction VRM Stock Options (Right to buy) Award $229K +5K $45.70 5K Mar 12, 2025 Common Stock 5K $45.70 Direct F3
transaction VRM Warrants (Right to buy) Award $8.29K +136 $60.95 136 Mar 12, 2025 Common Stock 136 $60.95 Direct F4
* 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 which will vest in full on January 17, 2029, subject to the RSU holder's continued employment. 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.
F4 The warrants were issued to stockholders of the Issuer in connection with the Recapitalization. Each Warrant was immediately exercisable upon issuance.