Vroom grants 30,000 stock options to CFO
Vroom, Inc. reported that CFO Jonathan Sandison received a grant of 30,000 stock options to purchase common stock.
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Form Type
4
Rhea-AI Filing Summary
Vroom, Inc. reported that CFO Jonathan Sandison received a grant of 30,000 stock options to purchase common stock. The options carry an exercise price of $13.68 per share and expire on August 6, 2036. Following this award, Sandison holds 30,000 options directly. The award vests in four tranches during 2029, each contingent on his continued service with Vroom and UACC.
Insider Trade Summary
Grant/Award: 30,000 shares
Grant/Award
1 txn
Insider
Sandison Jonathan
Role
CFO, Vroom and UACC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to buy) F1 | 30,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to buy) — 30,000 contracts (Direct)
Footnotes (1)
- F1. Represents an award of stock options which will vest on the following schedule, subject to Reporting Person's continued service on such date: 9,221 options to vest on January 17, 2029; 9,221 options to vest on February 21, 2029; 2,337 options to vest on March 23, 2029; and 9,221 options to vest on March 27, 2029.
Key Figures
Stock options granted: 30,000 options
Exercise price: $13.68 per share
Options expiration date: August 6, 2036
+5 more
8 metrics
Stock options granted
30,000 options
Grant of stock options to CFO Jonathan Sandison
Exercise price
$13.68 per share
Exercise price for 30,000 stock options
Options expiration date
August 6, 2036
Expiration of granted stock options
Vesting on January 17, 2029
9,221 options
First tranche of option vesting, subject to continued service
Vesting on February 21, 2029
9,221 options
Second tranche of option vesting, subject to continued service
Vesting on March 23, 2029
2,337 options
Third tranche of option vesting, subject to continued service
Vesting on March 27, 2029
9,221 options
Final tranche of option vesting, subject to continued service
Options held after transaction
30,000 options
Total stock options directly held by CFO after grant
Key Terms
Stock Options (Right to buy), exercise price, expiration date, continued service
4 terms
Stock Options (Right to buy) financial
"security_title: Stock Options (Right to buy)"
exercise price financial
"conversion_or_exercise_price: 13.6800"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2036-08-06"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
continued service financial
"subject to Reporting Person's continued service on such date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Vroom (VRM) disclose for CFO Jonathan Sandison?
Vroom disclosed that CFO Jonathan Sandison received a grant of 30,000 stock options to buy Vroom common stock, awarded at an exercise price of $13.68 per share and expiring on August 6, 2036.
What is the exercise price of the new stock options granted to the Vroom (VRM) CFO?
The new stock options granted to the CFO have an exercise price of $13.68 per share. This means he can purchase up to 30,000 shares of Vroom common stock at that price if the options vest and are exercised.
When do Jonathan Sandison’s Vroom (VRM) stock options vest?
The 30,000 stock options vest in 2029 as follows: 9,221 on January 17, 9,221 on February 21, 2,337 on March 23, and 9,221 on March 27, subject to continued service.
What is the expiration date of the stock options granted to the Vroom (VRM) CFO?
The stock options granted to the CFO expire on August 6, 2036. After that date, any unexercised portion of the 30,000 options can no longer be used to purchase Vroom common stock.
How many stock options does the Vroom (VRM) CFO hold after this grant?
After this grant, CFO Jonathan Sandison is reported as directly holding 30,000 stock options linked to Vroom common stock. These options all relate to this single award disclosed in the filing.
Is the Vroom (VRM) CFO’s option grant tied to continued service conditions?
Yes. The award of 30,000 stock options is scheduled to vest in four tranches during 2029, and each vesting date is conditioned on the CFO’s continued service with Vroom and UACC on that date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
