Vroom, Inc. Principal Accounting Officer Jacob Shlomo Benzaquen reported a very small open-market sale of 7 shares of common stock at a weighted average price of $12.0657 per share on March 20, 2026. The shares were sold to satisfy tax withholding obligations from vesting equity awards, and he continued to hold 10,315 shares afterward.
Vroom, Inc. chief executive officer Thomas H. Shortt reported routine share withholdings to cover taxes on vested restricted stock units. On March 11, 2026, a total of 3,740 shares of common stock were disposed of at $12.77 per share as tax-withholding transactions, not open-market sales. After these entries, Shortt directly owned 292,590 shares of Vroom common stock.
Vroom, Inc., through its wholly owned subsidiary United Auto Credit Corporation, completed an asset-backed securitization of subprime auto loans. UACC sold about $274,893,097 of retail installment contracts into a newly formed trust, which in turn issued $225,000,000 of fixed-rate asset-backed notes in five classes.
The notes bear interest ranging from 4.41% on Class A to 7.77% on Class E and are secured by the underlying receivables. The trust also issued residual certificates totaling $100,000, with an RR certificate portion expected to represent at least 5.0% of the combined fair value of the notes and certificates to satisfy risk retention rules. UACC remains servicer and earns a monthly fee equal to 3.25% per year of the receivables balance, and it has an option to purchase the trust estate once receivables fall to 10% or less of their initial balance.
Mudrick Capital and affiliates report a controlling-size stake in Vroom, Inc. common stock. The group of reporting persons, including Mudrick Capital Management, L.P., Mudrick Capital Management, LLC, various Mudrick Distressed Opportunity funds, and Jason Mudrick, together report beneficial ownership of 3,967,251 shares of Vroom common stock, representing 76.3% of the class based on 5,199,620 shares outstanding as of November 6, 2025.
The shares are held across multiple Mudrick-managed funds and related general partner entities, all reporting shared voting and dispositive power and no sole power. The amendment also notes a letter agreement under which Mudrick Capital Management, L.P. agreed to vote all Vroom shares it beneficially owns in favor of any stockholder proposal related to redemption of Vroom Automotive Preferred Units held by SPE HOLDINGS 2026-1, in line with Vroom Automotive LLC’s amended and restated limited liability company agreement.
Vroom, Inc. disclosed that its subsidiary, Vroom Automotive LLC, entered into a financing transaction by issuing preferred equity to a structured trust. On January 16, 2026, Vroom Automotive issued 15,000 Series A preferred units and 7,500 Series B preferred units to SPE Holdings 2026-1 for aggregate gross proceeds of $22,500,000.
The preferred units carry quarterly preferential distributions based on their liquidation preference and a variable rate tied to the 90‑day average Secured Overnight Financing Rate (SOFR), plus 8.25% for the Series A units and 9% for the Series B units. The Series B preferred units are convertible into common units of Vroom Automotive at the counterparty’s option, while the Series A units are not convertible.
Vroom Automotive expects to use the proceeds for the Company’s general corporate purposes, providing additional capital to support ongoing business needs under its broader strategic plan.
Insider sale to cover tax withholding: Vroom, Inc. reporting person Jacob S. Benzaquen, Principal Accounting Officer, disposed of 10,322 shares of Common Stock on 09/15/2025 to satisfy tax withholding obligations arising from vesting equity awards. The filing shows a weighted average sale price of $26.0677, with transaction prices ranging from $26.0466 to $26.1719. The disposal is reported as a direct sale and was signed by an attorney-in-fact on 09/17/2025. No derivative transactions or other purchases are reported in this Form 4.