| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VRM | Common Stock | Award | $0 | +500 | +4.83% | $0.00 | 10.8K | Mar 8, 2024 | Direct | F1, F2, F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Represents an award of restricted stock units that vests in full on March 17, 2025, subject to the reporting person's continued employment. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer. |
| F2 | On March 8, 2024, the board of directors of the Issuer amended the vesting schedule applicable to the award of (i) 5,000 restricted stock units originally granted on May 20, 2022 and (ii) 5,000 restricted stock units originally granted on March 20, 2023, each of which will now vest in full on March 17, 2025. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer. |
| F3 | The number of securities reported herein reflects the effects of a 1-for-80 reverse stock split effected by the Issuer on February 13, 2024, which was exempt from reporting pursuant to Rule 16a-9. |