13D Filings
Vroom, Inc.
VRM
Amendment
Ownership

76.20%

Total Shares

3,967,251

Issuer CIK

1580864

Event Date

May 13, 2026

Accepted

Jun 3, 2026, 08:49 PM

Reporting Persons (14)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
Mudrick Capital Management, L.P.
Other
76.20%3,967,25103,967,251
Mudrick Capital Management, LLC
Other
76.20%3,967,25103,967,251
Jason Mudrick
Individual
76.20%3,967,25103,967,251
Mudrick Distressed Opportunity Fund Global, L.P.
Partnership
20.30%1,058,82201,058,822
Mudrick GP, LLC
Other
20.30%1,058,82201,058,822
Mudrick Distressed Opportunity Drawdown Fund II GP, LLC
Other
15.20%793,0800793,080
Mudrick Distressed Opportunity Drawdown Fund II, L.P.
Partnership
13.90%725,3850725,385
Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.
Other
3.90%200,6570200,657
Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC
Other
3.90%200,6570200,657
Mudrick Distressed Opportunity SIF GP, LLC
Other
3.50%182,9360182,936
Mudrick Distressed Opportunity SIF Master Fund, L.P.
Partnership
3.50%182,9360182,936
Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.
Partnership
1.30%67,695067,695
Mudrick Distressed Opportunity Drawdown Fund III, L.P.
Partnership
0.90%44,746044,746
Mudrick Distressed Opportunity Drawdown Fund III GP, LLC
Other
0.90%44,746044,746
Disclosure Items (6)

Security Title

Common Stock, par value $0.001

Issuer Name

Vroom, Inc.

Issuer Address

4700 Mercantile Dr., Fort Worth, TX, 76137

This Item 3 of the Schedule 13D is amended and supplemented as follows: The information set forth in Item 4 of this Amendment No. 3 is incorporated by reference into this Item 3.

This Item 4 of the Schedule 13D is amended and supplemented as follows: On May 14, 2026, Mudrick Capital Management, L.P., on behalf of certain of the Reporting Persons ("MCM") entered into an Exchange and Subscription Agreement (the "Exchange Agreement") with the Issuer and a collateral agent, pursuant to which MCM agreed to acquire from the Issuer up to $22 million aggregate principal amount of Senior Secured Delayed Draw Convertible Notes due 2032 (the "Notes"), of which $8.0 million were issued on the same date in respect of $8.0 million in aggregate principal amount of notes outstanding under a delayed draw term loan facility. On May 29, 2026, MCM acquired an additional $7.5 million in Notes pursuant to the subsequent funding notice delivered by the Issuer, leaving $6.5 million of remaining delayed draw commitments that the Issuer may request from MCM, in each case, pursuant to the Exchange Agreement. The Notes shall accrue interest at a rate per annum of 5.0%, computed on the basis of a 360 day year and the actual number of days elapsed, from and including the issue date to and excluding the Maturity Date, or earlier redemption and payment in full, which interest shall be paid quarterly on the last day of each of March, June, September and December. Additionally, subject to specified limitations under the terms of the Notes, MCM may convert the Notes on and after April 1, 2032, and the Notes may also become convertible in connection with certain specified corporate events. The Company may settle conversions in shares of common stock, cash or a combination thereof. The conversion price for each Note will equal 120% of the applicable reference price, determined at signing for Notes issued at the closing and at the applicable funding notice date for any Additional Notes.

Item 5(a) of the Schedule 13D is hereby amended and supplemented as follows: There has been no change in the number of shares of Common Stock beneficially owned by the Reporting Persons since the filing of Amendment No. 2. The percentages set forth in row 11 of the cover pages to Amendment No. 3 changed (but not materially) as a result of the change in the number of shares of the Issuer outstanding and are incorporated by reference into this Item 5. By virtue of the relationships described herein, the Reporting Persons may be deemed to constitute a "group" within the meaning of Rule 13d-5 under the Exchange Act. The filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons beneficially own those securities held by another member of such group. In addition, each Reporting Person expressly disclaims beneficial ownership of any securities reported herein except to the extent such Reporting Person actually exercises voting or dispositive power with respect to such securities.

Item 6 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 4 of this Amendment No. 3 is incorporated by reference into this Item 6.

1. Joint Filing Agreement, dated as of January 22, 2025, by and among the Reporting Persons (incorporated herein by reference to Exhibit 1 of the original Schedule 13D). 2. Exchange and Subscription Agreement by and between Vroom, Inc. and the Investors, dated as of May 14, 2026 (incorporated herein by reference to Exhibit 10.8 of the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 15, 2026). 3. Senior Delayed Draw Convertible Note, dated as of May 14, 2026 (filed herewith).

Vroom, Inc. — Schedule 13D | 13D Filings