4//SEC Filing
Mudrick Jason 4
Accession 0001104659-25-059073
CIK 0001580864other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 9:27 PM ET
Size
73.4 KB
Accession
0001104659-25-059073
Insider Transaction Report
Form 4
Vroom, Inc.VRM
Mudrick Capital Management LLC
10% Owner
Transactions
- Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes) - Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes) - Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes)
Mudrick Jason
10% Owner
Transactions
- Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes) - Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes) - Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes)
Transactions
- Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes) - Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes) - Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes)
Transactions
- Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes) - Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes) - Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes)
Mudrick Capital Management, L.P.
10% Owner
Transactions
- Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes) - Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes) - Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes)
Transactions
- Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes) - Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes) - Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes)
Transactions
- Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes) - Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes) - Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes)
Pietroforte Matthew
Director
Transactions
- Purchase
Common Stock
2025-06-10$28.00/sh+13$364→ 3,963,602 total(indirect: See Notes) - Purchase
Common Stock
2025-06-11$28.00/sh+3,649$102,168→ 3,967,251 total(indirect: See Notes) - Award
Common Stock
2025-06-12+3,796→ 9,186 total(indirect: See Notes)
Footnotes (10)
- [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 Drawdown Fund III, L.P. ("Drawdown III"), Mudrick Distressed Opportunity Drawdown Fund III GP, LLC ("Drawdown III GP"), Mudrick Distressed Opportunity SIF Master Fund, L.P. ("SIF"), Mudrick Distressed Opportunity SIF GP, LLC ("SIF GP") and Matthew Pietroforte.
- [F10]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.
- [F2]Represents shares of Common Stock purchased as follows: 1 by Drawdown III; 2 by SIF; 10 by certain accounts managed by MCM.
- [F3]The shares of Common Stock were purchased in multiple transactions at a price of $28.00. The Reporting Persons undertake to provide to the Issuer, any security holder, and the SEC, as applicable, full information regarding the number of shares purchased and each price within the range upon request.
- [F4]Represents shares of Common Stock purchased as follows: 240 by Drawdown III; 480 by SIF; 2,929 by certain accounts managed by MCM.
- [F5]The shares of Common Stock were purchased in multiple transactions at prices ranging from $27.90 to $28.00. The Reporting Persons undertake to provide to the Issuer, any security holder, and the SEC, as applicable, full information regarding the number of shares purchased and each price within the range upon request.
- [F6]Represents shares of Common Stock directly held as follows: 1,058,822 by Mudrick Distressed Opportunity Fund Global, L.P.; 725,385 by Mudrick Distressed Opportunity Drawdown Fund II, L.P.; 67,695 by Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.; 44,746 by Drawdown III; 200,657 by Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.; 182,936 by SIF; and 1,687,010 by certain accounts managed by MCM.
- [F7]Represents restricted stock unit ("RSUs") awards granted to Matthew Pietroforte, who is a member of the Issuer's board of directors and a Managing Director and Senior Analyst at MCM, under the Issuer's 2020 Incentive Award Plan (as amended, the "Plan"), of which 3,796 will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of stockholders following the date of grant and (ii) June 12, 2026, subject to Mr. Pietroforte's continuing in service on the Board through the vesting date, 3,820 will vest in three equal installments on the first, second and third anniversary of the date Mr. Pietroforte joined the Board, in each case, subject to the terms of the Plan. Mr. Pietroforte has assigned all rights, title and interest in the RSUs (including the shares of Common Stock thereunder) granted to him to Mudrick Capital Management, L.P.
- [F8]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.
- [F9]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.
Issuer
Vroom, Inc.
CIK 0001580864
Entity typeother
Related Parties
1- filerCIK 0001367262
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 9:27 PM ET
- Size
- 73.4 KB