Vroom: 10% owner Mudrick received convertible notes for 782,692 shares

What happened Mudrick Capital Management, L.P., identified as a 10% owner, acquired Senior Secured Delayed Draw Convertible Notes due 2032 (transaction code P) on Oct 14, 2026. The Form 4 transaction line lists N/A for the number of shares and price, and footnotes state the notes are convertible into an aggregate of 782,692 shares (see breakdown below). The Form 4 was filed on Oct 19, 2026 and is the second of two identical filings related to the same event.

Key details

• Transaction date: Oct 14, 2026; Form 4 filed Oct 19, 2026.
• Transaction type and code: Purchase of convertible notes (code P); the table row shows N/A shares and N/A price.
• Convertible shares by reporting entity (footnote F5): Mudrick Opp Global 233,206; Drawdown II 160,681; Drawdown II SC 14,996; Drawdown III 9,912; DISL 44,448; certain accounts managed by MCM 319,449. Total convertible shares: 782,692.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes: F4 (exchange agreement describing notes), F5 (conversion amounts), F1–F3 (list of reporting persons and relationships), F6 (disclaimer of beneficial ownership). Remarks note the filing was one of two identical Form 4s split due to EDGAR limits and was filed by the designated filer Mudrick Capital Management, L.P.

Why it may matter The transaction reported is an acquisition of convertible debt that may be converted into common stock under the stated terms; the filing lists potential conversion amounts rather than a cash purchase of shares. Mudrick Capital Management is reported as a 10% owner (a large holder, not an executive). A filing does not show why the insider traded or why the company acted.