---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-115505"
form_type: "8-K"
ticker: "VRM"
cik: "0001580864"
company_name: "Vroom, Inc."
filed_at: "2025-11-26T23:59:59+00:00"
generated_at: "2026-05-16T16:28:59.671461+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vroom issues up to $10.5M senior secured notes to Board Chair Mylod at SOFR+7.5%

## Summary
- Initial draw of $5M, maximum aggregate principal commitment $10.5M.
- Notes bear interest at Term SOFR (3-month) plus 7.50%, paid quarterly.
- Matures November 25, 2026; prepayable at any time without penalty.
- Proceeds to be used for working capital and general corporate purposes.
- Investor is Robert J. Mylod, Jr., Independent Executive Chair of Vroom's board.

## SEC filing metadata
- accession: 0001213900-25-115505
- form_type: 8-K
- ticker: VRM
- cik: 0001580864
- company_name: Vroom, Inc.
- filed_at: 2025-11-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580864/000121390025115505/0001213900-25-115505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580864/000121390025115505/ea0267339-8k_vroom.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-115505
- JSON: https://secwatch.observer/filing/0001213900-25-115505.json
- Plain text: https://secwatch.observer/filing/0001213900-25-115505.txt

## Key facts
- Debt Financings
  Vroom, Inc. incurred senior notes of $10,500,000 with Robert J. Mylod, Jr. at Term SOFR (three-month tenor) plus 7.50% maturing November 25, 2026.
  - Instrument: senior notes
  - Principal: $10,500,000
  - Counterparty: Robert J. Mylod, Jr.
  - Rate: Term SOFR (three-month tenor) plus 7.50%
  - Maturity: November 25, 2026
  - Event: incurrence
  source text: the Company agreed to issue Senior Secured Delayed Draw Notes due 2026 (the “Notes”) in a maximum aggregate principal commitment amount of $10,500,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000121390025115505/0001213900-25-115505-index.htm

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