MYLOD ROBERT J JR 4
Research Summary
AI-generated summary
Vroom (VRM) Director Robert J. Mylod Jr Receives 9,832 RSUs
What Happened
- Robert J. Mylod Jr., a director of Vroom, Inc. (VRM), was granted 9,832 Restricted Stock Units (RSUs) on June 11, 2026. The award was reported as an acquisition at $0.00 per share (i.e., no purchase price recorded).
- This was a compensation award (not a market purchase or sale), so it does not represent an immediate cash investment or liquidation by the insider.
Key Details
- Transaction date and price: June 11, 2026; 9,832 RSUs; $0.00 per share.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Vesting terms (Footnote F1): RSUs vest on the earlier of the day immediately before the first annual shareholders meeting after the grant or June 11, 2027, subject to Mylod’s continued service through the vesting date.
- Beneficial ownership note (Footnote F2): Mylod is the managing member of Annox Capital, LLC and may be deemed to beneficially own securities held by that entity; he disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Reported on Form 4 dated June 11, 2026 and filed June 12, 2026 (appears timely).
Context
- RSU grants are a form of equity compensation that convert to shares upon vesting; they are routine for executives and directors and do not indicate an immediate buy or sell decision.
- No options were exercised and no shares were sold in this filing. The award increases potential future shareholding only if vesting conditions are met.