Mudrick Capital Management, L.P. - 13 Aug 2026 Form 4 Insider Report for Vroom, Inc. (VRM)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: VRM
Reported as of: 13 Aug 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 17 Aug 2026, 16:38:14 UTC
Prior SEC filing: 18 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 17 Aug 2026.

Key facts

This page summarizes Mudrick Capital Management, L.P.'s Form 4 filing for Vroom, Inc. (VRM).
1 reported transaction and 4 derivative rows are listed below.
Accepted by SEC: 17 Aug 2026, 16:38.

Change

Previous filing in this sequence was filed on 18 Jun 2026.
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 (4)

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: 17 Aug 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: 17 Aug 2026

CIK 0001813628

Mudrick Distressed Opportunity Fund Global, LP

Relationship: Director, 10%+ Owner
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 17 Aug 2026

CIK 0001656059

Mudrick GP, LLC

Relationship: Director, 10%+ Owner
Address: 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK
Signature: See Exhibit 99.1**
Signature date: 17 Aug 2026

Reported derivative securities

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

VRM transaction Derivative

Convertible Notes

Purchase

Transaction value
Shares
Change %
Price
Shares after: $20,000,000
Date: 13 Aug 2026
Ownership: See Notes
Underlying class: Common Stock
Underlying amount: 570,199
Exercise price: $11.42
Footnotes: F1, F2, F3, F4, F5, F6

VRM transaction Derivative

Convertible Notes

Purchase

Transaction value
Shares
Change %
Price
Shares after: $20,000,000
Date: 13 Aug 2026
Ownership: See Notes
Underlying class: Common Stock
Underlying amount: 570,199
Exercise price: $11.42
Footnotes: F1, F2, F3, F4, F5, F6

VRM transaction Derivative

Convertible Notes

Purchase

Transaction value
Shares
Change %
Price
Shares after: $20,000,000
Date: 13 Aug 2026
Ownership: See Notes
Underlying class: Common Stock
Underlying amount: 570,199
Exercise price: $11.42
Footnotes: F1, F2, F3, F4, F5, F6

VRM transaction Derivative

Convertible Notes

Purchase

Transaction value
Shares
Change %
Price
Shares after: $20,000,000
Date: 13 Aug 2026
Ownership: See Notes
Underlying class: Common Stock
Underlying amount: 570,199
Exercise price: $11.42
Footnotes: F1, F2, F3, F4, F5, F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 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. ("Mudrick Opp Global"); 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"); Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC ("DISL GP"); and Matthew Pietroforte, who is a member of the Issuer's board of directors and a Managing Director and Senior Analyst at MCM.

Footnote F2

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.

Footnote F3

MCM is the investment manager to Drawdown II, Global LP, Drawdown II SC, Drawdown III and DISL and certain accounts managed by MCM. Mr. Mudrick is the sole member of Mudrick GP, Drawdown II GP, Drawdown III GP, MCM GP, and DISL 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 and DISL and certain accounts managed by MCM.

Footnote F4

Pursuant to an Exchange and Subscription Agreement with the Issuer, dated as of May 14, 2026 (the "Exchange Agreement"), the Reporting Persons acquired from the Issuer 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 F5

Represents shares of Common Stock into which the Notes acquired from the Issuer on August 13, 2026 may be converted in each case, subject to adjustment and other terms of the Notes as follows: 152,498 by Drawdown II.; 14,232 by Drawdown II SC; 9,252 by Drawdown III; 42,185 by DISL; and 352,032 by certain accounts managed by MCM.

Footnote F6

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 4 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 identical 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