Thomas H. Shortt - Jan 5, 2024 Form 4 Insider Report for Vroom, Inc. (VRM)

Signature
/s/ Alison Klein, Attorney-in-Fact for Thomas H. Shortt
Stock symbol
VRM
Transactions as of
Jan 5, 2024
Transactions value $
-$25,283
Form type
4
Date filed
1/9/2024, 04:30 PM
Previous filing
Mar 22, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRM Common Stock Sale -$25.3K -47K -1.46% $0.54 3.17M Jan 5, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares sold to satisfy tax withholding obligations incident to the vesting of certain equity awards.
F2 This transaction was executed in multiple trades at prices ranging from $0.5250 USD to $0.5536 USD; the price reported above reflects the weighted average sale price. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.