Mudrick Capital Management, L.P. - 14 May 2026 Form 4 Insider Report for Vroom, Inc. (VRM)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: VRM
Reported as of: 14 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Jun 2026, 20:26:57 UTC
Prior SEC filing: 12 Jun 2025
Next SEC filing: 15 Jun 2026
Source filing: View source filing
Reporting owner signature: See Exhibit 99.1**

Key filing fact

Mudrick Capital Management, L.P. filed Form 4 for Vroom, Inc. (VRM) on 03 Jun 2026.

Key facts

This page summarizes Mudrick Capital Management, L.P.'s Form 4 filing for Vroom, Inc. (VRM).
2 reported transactions and 12 derivative rows are listed below.
Accepted by SEC: 03 Jun 2026, 20:26.

Change

Previous filing in this sequence was filed on 12 Jun 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (6)

CIK 0001655183 Primary reporting owner

Mudrick Capital Management, L.P.

Relationship: Director, 10%+ Owner
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 03 Jun 2026

CIK 0001860577

Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.

Relationship: Director, 10%+ Owner
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 03 Jun 2026

CIK 0001959099

Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC

Relationship: Director, 10%+ Owner
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 03 Jun 2026

CIK 0001875540

Mudrick Distressed Opportunity SIF Master Fund, L.P.

Relationship: Director, 10%+ Owner
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 03 Jun 2026

CIK 0001959041

Mudrick Distressed Opportunity SIF GP, LLC

Relationship: Director, 10%+ Owner
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 03 Jun 2026

CIK 0001926971

Pietroforte Matthew

Relationship: Director
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 03 Jun 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $8,000,000
Date: 14 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 584,800
Exercise price: $13.68
Footnotes: F1, F2, F3, F4, F5, F6, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $8,000,000
Date: 14 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 584,800
Exercise price: $13.68
Footnotes: F1, F2, F3, F4, F5, F6, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $8,000,000
Date: 14 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 584,800
Exercise price: $13.68
Footnotes: F1, F2, F3, F4, F5, F6, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $8,000,000
Date: 14 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 584,800
Exercise price: $13.68
Footnotes: F1, F2, F3, F4, F5, F6, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $8,000,000
Date: 14 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 584,800
Exercise price: $13.68
Footnotes: F1, F2, F3, F4, F5, F6, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $8,000,000
Date: 14 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 584,800
Exercise price: $13.68
Footnotes: F1, F2, F3, F4, F5, F6, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $15,488,373
Date: 29 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 517,515
Exercise price: $14.47
Footnotes: F1, F2, F3, F4, F5, F7, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $15,488,373
Date: 29 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 517,515
Exercise price: $14.47
Footnotes: F1, F2, F3, F4, F5, F7, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $15,488,373
Date: 29 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 517,515
Exercise price: $14.47
Footnotes: F1, F2, F3, F4, F5, F7, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $15,488,373
Date: 29 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 517,515
Exercise price: $14.47
Footnotes: F1, F2, F3, F4, F5, F7, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $15,488,373
Date: 29 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 517,515
Exercise price: $14.47
Footnotes: F1, F2, F3, F4, F5, F7, F8

VRM transaction Derivative

Convertible Notes

Award

Transaction value
Shares
Change %
Price
Shares after: $15,488,373
Date: 29 May 2026
Ownership: See notes
Underlying class: Common Stock
Underlying amount: 517,515
Exercise price: $14.47
Footnotes: F1, F2, F3, F4, F5, F7, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

This statement is being filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("MCM"), Mudrick Capital Management, LLC ("MCM GP"), Jason Mudrick , Mudrick Distressed Opportunity Fund Global, L.P. ("Global LP"), Mudrick GP, LLC ("Mudrick GP"), Mudrick Distressed Opportunity Drawdown Fund II, L.P. ("Drawdown II"), Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. ("Drawdown II SC"), Mudrick Distressed Opportunity Drawdown Fund II GP, LLC ("Drawdown II GP"), Mudrick Distressed Opportunity Drawdown Fund III, L.P. ("Drawdown III"), Mudrick Distressed Opportunity Drawdown Fund III GP, LLC ("Drawdown III GP"), Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. ("DISL"),

Footnote F2

Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC ("DISL GP"), Mudrick Distressed Opportunity SIF Master Fund, L.P. ("SIF"), and Mudrick Distressed Opportunity SIF GP, LLC ("SIF GP") and Matthew Pietroforte, who is a member of the Issuer's board of directors ("Board") and a Managing Director and Senior Analyst at MCM.

Footnote F3

Mudrick GP is the general partner of Global LP and may be deemed to beneficially own the number of securities of the Issuer directly held by Global LP. Drawdown II GP is the general partner of Drawdown II and Drawdown II SC and may be deemed to beneficially own the securities of the Issuer directly held by Drawdown II and Drawdown II SC. Drawdown III GP is the general partner of Drawdown III and may be deemed to beneficially own the securities of the Issuer directly held by Drawdown III. DISL GP is the general partner of DISL and may be deemed to beneficially own the number of securities of the Issuer held by DISL. SIF GP is the general partner of SIF and may be deemed to beneficially own the securities of the Issuer directly held by SIF.

Footnote F4

MCM is the investment manager to Drawdown II, Global LP, Drawdown II SC, Drawdown III, DISL, SIF and certain accounts managed by MCM. Mr. Mudrick is the sole member of Mudrick GP, Drawdown II GP, Drawdown III GP, MCM GP, DISL GP and SIF GP. By virtue of these relationships, each of MCM, MCM GP and Mr. Mudrick may be deemed to beneficially own the securities held directly by Global LP, Drawdown II, Drawdown II SC, Drawdown III, DISL, SIF and certain accounts managed by MCM.

Footnote F5

Pursuant to an Exchange and Subscription Agreement with the Issuer, dated as of May 14, 2026 (the "Exchange Agreement"), the Reporting Persons Senior Secured Delayed Draw Convertible Notes due 2032 ("Notes") that are convertible into shares of Common Stock pursuant to the terms of the Exchange Agreement and the terms of the Senior Secured Delayed Draw Convertible Note.

Footnote F6

Represents shares of Common Stock into which the Notes may be converted in each case, subject to adjustment and other terms of the Notes as follows: 156,670 by Global LP.; 107,333 "acquired from the Issuer" by Drawdown II.; 10,017 by Drawdown II SC; 6,512 by Drawdown III; 29,691 by DISL.; 26,806 by SIF; and 247,771 by certain accounts managed by MCM.

Footnote F7

Represents shares of Common Stock into which the Notes may be converted in each case, subject to adjustment and other terms of the Notes as follows: 137,735 by Drawdown II.; 12,854 by Drawdown II SC; 8,497 by Drawdown III; 38,101 by DISL.; and 320,328 by certain accounts managed by MCM.

Footnote F8

The Reporting Persons disclaim any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities of the Issuer in excess of their respective pecuniary interests. The Reporting Persons are jointly filing this Form 3 pursuant to Rule 16a-3(j) under the Exchange Act. Exhibit List: Joint Filer Information. This filing shall not be deemed an admission that any of the Reporting Persons is subject to Section 16 of the Exchange Act.

SEC remarks

Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference. This Form 4 is the second of two Form 4s filed relating to the same event. The Form 4 has been split into two filings because there are more than 10 Reporting Persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 Reporting Persons. Each Form 4 is filed by Designated Filer, Mudrick Capital Management, L.P.