Thomas H. Shortt - 14 Jan 2025 Form 4 Insider Report for Vroom, Inc. (VRM)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: VRM
Reported as of: 14 Jan 2025
Net transaction value: +$13,845,548
SEC form: 4
Accepted by SEC: 14 Mar 2025, 21:07:00 UTC
Prior SEC filing: 12 Mar 2024
Next SEC filing: 13 Mar 2026
Source filing: View source filing
Reporting owner signature: /s /Anna-Lisa Corrales, Attorney-in-Fact for Shortt, Thomas H

Key filing fact

Thomas H. Shortt filed Form 4 for Vroom, Inc. (VRM) on 14 Mar 2025.

Key facts

This page summarizes Thomas H. Shortt's Form 4 filing for Vroom, Inc. (VRM).
4 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 14 Mar 2025, 21:07.

Change

Previous filing in this sequence was filed on 12 Mar 2024.
Current net transaction value: +$13,845,548.

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VRM transaction

Common Stock

Award

Transaction value: $0
Shares: +287,949
Change %: +3436%
Price: $0.000000
Shares after: 296,330
Date: 12 Mar 2025
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

VRM transaction Derivative

Warrants (Right to buy)

Award

Transaction value: $13,043
Shares: +214
Change %
Price: $60.95
Shares after: 214
Date: 14 Jan 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 214
Exercise price: $60.95
Footnotes: F3

VRM transaction Derivative

Stock Options (Right to buy)

Award

Transaction value: $7,905,215
Shares: +129,700
Change %
Price: $60.95
Shares after: 129,700
Date: 12 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 129,700
Exercise price: $60.95
Footnotes: F4

VRM transaction Derivative

Stock Options (Right to buy)

Award

Transaction value: $5,927,290
Shares: +129,700
Change %
Price: $45.70
Shares after: 129,700
Date: 12 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 129,700
Exercise price: $45.70
Footnotes: F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents an award of restricted stock units RSUs, fifty percent of which will vest on January 16, 2029, and fifty percent of which will vest January 17, 2029, in each case subject to the Reporting Person's continued service on such date. Each RSU represents a contingent right to receive one share of common stock of the Issuer.

Footnote F2

The number of shares of common stock in this Form 4 reflect 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 14, 2025, the Recapitalization.

Footnote F3

The warrants were issued to stockholders of the Issuer in connection with the Recapitalization. Each Warrant was immediately exercisable upon issuance.

Footnote F4

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.

SEC remarks

All share numbers reported in this Form 4 reflect an automatic conversion of the Common Stock at a ratio of 1-for-5 effectuated by the Amended and Restated Certificate of Incorporation adopted by the Issuer on January 14, 2025.