---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-005647"
form_type: "8-K"
ticker: "VRM"
cik: "0001580864"
company_name: "Vroom, Inc."
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:08:02.945402+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Vroom emerges from Chapter 11; $290.5M convertible notes converted to equity; trade creditors paid in full

## Summary
- Converted ~$290.5M principal of 0.75% convertible notes into 92.94% of new common stock; parent has no long-term debt.
- Every 5 old common shares reclassified into 1 new share (1-for-5 adjustment); ~5.16M shares outstanding post-emergence.
- Issued warrants to purchase 364,516 shares at $60.95 per share, exercisable immediately for 5 years.
- Matthew Pietroforte appointed to board of directors; management incentive plan reserves 15% of fully-diluted shares.
- Trade creditors and all allowed general unsecured creditors to be paid in full.

## SEC filing metadata
- accession: 0000950170-25-005647
- form_type: 8-K
- ticker: VRM
- cik: 0001580864
- company_name: Vroom, Inc.
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.02, 1.03, 5.03, 3.02, 3.03, 5.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580864/000095017025005647/0000950170-25-005647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580864/000095017025005647/vrm-20250108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-005647
- JSON: https://secwatch.observer/filing/0000950170-25-005647.json
- Plain text: https://secwatch.observer/filing/0000950170-25-005647.txt

## Key facts
- Executive change
  Matthew Pietroforte was appointed as Director at Vroom, Inc..
  - Action: appointed
  - Role: Director
  source text: On January 14, 2025 and pursuant to the terms of the Plan, as confirmed by the Bankruptcy Court under Chapter 11 of the Bankruptcy Code, Matthew Pietroforte, was appointed as a member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017025005647/0000950170-25-005647-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.