MYLOD ROBERT J JR 4

What Happened
Robert J. Mylod Jr., a Vroom (VRM) director and managing member of Annox Capital, LLC, is reported to have acquired senior secured delayed-draw convertible notes issued by Vroom on May 14 and May 29, 2026. The Form 4 records these as acquisitions (transaction code A) of derivative securities (convertible notes) but does not disclose share counts, exercise/conversion prices, or total dollar values. Under the Exchange and Subscription Agreement (footnote F1), the notes are convertible into Vroom common stock pursuant to the note and agreement terms.

Key Details

• Transaction dates: May 14, 2026 and May 29, 2026 (both reported on Form 4 filed June 5, 2026).
• Transaction type: Acquisition of senior secured delayed-draw convertible notes due 2032 (derivative security). Form reports "A" (award/grant/acquisition).
• Amounts/prices/values: Not provided on the Form 4 (listed as N/A). No post-transaction share total reported.
• Footnotes:
  • F1: The notes were acquired under an Exchange and Subscription Agreement and are convertible into common stock under their terms.
  • F2: Mylod is the managing member of Annox Capital, LLC and may be deemed to beneficially own securities held by Annox; he disclaims beneficial ownership except to his pecuniary interest.
• Filing timeliness: The Form 4 was filed June 5, 2026 for mid-/late-May transactions, which is later than the typical two-business-day filing window for insider Form 4s; late filings can reduce reporting timeliness for investors and may draw SEC attention.

Context: These entries reflect acquisition of convertible debt (not an immediate purchase of common shares). If and when the notes convert, they would become common shares and could dilute existing shareholders; conversion depends on the note and exchange agreement terms. The Form does not show any immediate sale of underlying shares.