Robert R. Krakowiak - 20 May 2022 Form 4 Insider Report for Vroom, Inc. (VRM)

Role: Chief Financial Officer
Signature: /s/ Alison Klein, Attorney-in-Fact for Robert R. Krakowiak
Issuer symbol: VRM
Transactions as of: 20 May 2022
Net transactions value: $0
Form type: 4
Filing time: 24 May 2022, 16:16:16 UTC
Previous filing: 04 Oct 2021
Next filing: 16 Sep 2022
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	+500,000	+613%	$0.000000	581,559	20 May 2022	Direct	F1

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 Option	Award	$0	+300,000		$0.000000	300,000	20 May 2022	Common Stock	300,000	$7.50	Direct	F2

* 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 vest on May 20, 2025, subject to the Reporting Person's continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer. One third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $7.50 per share for twenty consecutive trading days during the three-year vesting period; a further third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $15.00 per share for twenty consecutive trading days in the second or third years of the vesting period; and the last third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $21.00 per share for twenty consecutive trading days during the third year of the vesting period.
F2	The option will vest and become exercisable in three equal annual installments beginning on May 20, 2023.

Content

Represents an award of restricted stock units that vest on May 20, 2025, subject to the Reporting Person's continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer. One third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $7.50 per share for twenty consecutive trading days during the three-year vesting period; a further third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $15.00 per share for twenty consecutive trading days in the second or third years of the vesting period; and the last third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $21.00 per share for twenty consecutive trading days during the third year of the vesting period.

The option will vest and become exercisable in three equal annual installments beginning on May 20, 2023.