Form 4 for VRM Vroom, Inc.

Accepted 2022-05-11 00:00:00 ET · period of report 2022-05-09 · accession 0001562180-22-003979 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-05-11	2022-05-09	VRM	Shortt Thomas H	CEO	A - Grant	$0.00	+1.20M	1.46M	+459%	$0
D	2022-05-11	2022-05-09	VRM	Shortt Thomas H	CEO	A - Grant	$0.00	+600.0K	600.0K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-05-09	A	A	1,200,000	$0.00	1,461,461	D	—	—	(F1) Represents an award of restricted stock units that vest on May 9, 2025, subject to the Reporting Person's continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer. One third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $7.50 per share for twenty consecutive trading days during the three-year vesting period; a further third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $15.00 per share for twenty consecutive trading days in the second or third years of the vesting period; and the last third of the restricted stock units are subject to accelerated vesting if the Issuer's closing price for its common stock is at or above $21.00 per share for twenty consecutive trading days during the third year of the vesting period.
2	Derivative	Stock Option	2022-05-09	A	A	600,000	$0.00	600,000	D	$7.50 · — to 2032-05-09	600,000 Common Stock	(F2) The option will vest and become exercisable in three equal annual installments beginning on May 9, 2023.