United States
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant
to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed
Pursuant to § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
Vroom, Inc.
(Name of Issuer)
Common Stock, par value $0.001
(Title of Class of Securities)
92918V109
(CUSIP Number)
December 31, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 92918V109 | Schedule 13G | Page 2 of 13 |
| 1 |
Names of Reporting Persons
CGP2 Lone Star, L.P. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
10,589,776 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
10,589,776 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
10,589,776 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
8.1% | |||||
| 12 | Type of Reporting Person
PN | |||||
| CUSIP No. 92918V109 | Schedule 13G | Page 3 of 13 |
| 1 |
Names of Reporting Persons
CGP2 Zoom Holding, L.P. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
6,994,354 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
6,994,354 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
6,994,354 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
5.4% | |||||
| 12 | Type of Reporting Person
PN | |||||
| CUSIP No. 92918V109 | Schedule 13G | Page 4 of 13 |
| 1 |
Names of Reporting Persons
LCGP3 Accelerator, L.P. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
2,156,885 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
2,156,885 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,156,885 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
1.7% | |||||
| 12 | Type of Reporting Person
PN | |||||
| CUSIP No. 92918V109 | Schedule 13G | Page 5 of 13 |
| 1 |
Names of Reporting Persons
CGP2 Managers, L.L.C. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
17,584,130 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
17,584,130 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
17,584,130 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.5% | |||||
| 12 | Type of Reporting Person
OO (Limited Liability Company) | |||||
| CUSIP No. 92918V109 | Schedule 13G | Page 6 of 13 |
| 1 |
Names of Reporting Persons
CGP3 Managers, L.L.C. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
2,156,885 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
2,156,885 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,156,885 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
1.7% | |||||
| 12 | Type of Reporting Person
OO (Limited Liability Company) | |||||
| CUSIP No. 92918V1099 | Schedule 13G | Page 7 of 13 |
| 1 |
Names of Reporting Persons
Scott Arnold Dahnke | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
United States | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
19,741,015 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
19,741,015 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
19,741,015 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
15.2% | |||||
| 12 | Type of Reporting Person
IN | |||||
| CUSIP No. 92918V109 | Schedule 13G | Page 8 of 13 |
| 1 |
Names of Reporting Persons
James Michael Chu | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
United States | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
19,741,015 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
19,741,015 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
19,741,015 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
15.2% | |||||
| 12 | Type of Reporting Person
IN | |||||
| CUSIP No. 92918V109 | Schedule 13G | Page 9 of 13 |
| ITEM 1. | (a) Name of Issuer: |
Vroom, Inc. (the “Issuer”).
| (b) | Address of Issuer’s Principal Executive Offices: |
1375 Broadway, Floor 11, New York, NY 10018.
| ITEM 2. | (a) Name of Person Filing: |
Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:
CGP2 Lone Star, L.P.
CGP2 Zoom Holding, L.P.
LCGP3 Accelerator, L.P.
CGP2 Managers, L.L.C.
CGP3 Managers, L.L.C.
Scott Arnold Dahnke
James Michael Chu
| (b) | Address or Principal Business Office: |
The principal business address for Scott Arnold Dahnke is c/o Vroom, Inc., 1375 Broadway, Floor 11, New York, NY 10018. The principal business address for each of the remaining Reporting Persons is 599 West Putnam Avenue, Greenwich, CT 06830.
| (c) | Citizenship of each Reporting Person is: |
Each of CGP2 Lone Star, L.P., CGP2 Zoom Holding, L.P., LCGP3 Accelerator, L.P., CGP2 Managers, L.L.C. and CGP3 Managers, L.L.C. are organized under the laws of the state of Delaware.
Each of Scott Arnold Dahnke and James Michael Chu are citizens of the United States.
| (d) | Title of Class of Securities: |
Common stock, par value $0.001 per share (“Common Stock”).
| (e) | CUSIP Number: |
92918V109
| CUSIP No. 92918V109 | Schedule 13G | Page 10 of 13 |
| ITEM 3. |
|
Not applicable.
| ITEM 4. | Ownership. |
(a-c)
The ownership information presented below represents beneficial ownership of the shares of Common Stock as of December 31, 2020, based upon 130,241,341 shares of Common Stock outstanding as of November 12, 2020, based on the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2020.
| Reporting Person | Amount beneficially owned |
Percent of class: |
Sole power to vote or to direct the vote: |
Shared power to vote or to direct the vote: |
Sole of: |
Shared power to dispose or to direct the disposition of: |
||||||||||||||||||
| CGP2 Lone Star, L.P. |
10,589,776 | 8.1 | % | 0 | 10,589,776 | 0 | 10,589,776 | |||||||||||||||||
| CGP2 Zoom Holding, L.P. |
6,994,354 | 5.4 | % | 0 | 6,994,354 | 0 | 6,994,354 | |||||||||||||||||
| LCGP3 Accelerator, L.P. |
2,156,885 | 1.7 | % | 0 | 2,156,885 | 0 | 2,156,885 | |||||||||||||||||
| CGP2 Managers, L.L.C. |
17,584,130 | 13.5 | % | 0 | 17,584,130 | 0 | 17,584,130 | |||||||||||||||||
| CGP3 Managers, L.L.C. |
2,156,885 | 1.7 | % | 0 | 2,156,885 | 0 | 2,156,885 | |||||||||||||||||
| Scott Arnold Dahnke |
19,741,015 | 15.2 | % | 0 | 19,741,015 | 0 | 19,741,015 | |||||||||||||||||
| James Michael Chu |
19,741,015 | 15.2 | % | 0 | 19,741,015 | 0 | 19,741,015 | |||||||||||||||||
CGP2 Lone Star, L.P., CGP2 Zoom Holding, L.P. and LCGP3 Accelerator, L.P. are the record holders of 10,589,776, 6,994,354, and 2,156,885 shares of Common Stock, respectively.
CGP2 Managers, L.L.C. is the general partner for each of CGP2 Lone Star, L.P. and CGP2 Zoom Holdings, L.P. As a result, CGP2 Managers, L.L.C. may be deemed to share beneficial ownership of the shares of Common Stock held of record by each of CGP2 Lone Star, L.P. and CGP2 Zoom Holding, L.P.
CGP3 Managers, L.L.C. is the general partner of LCGP3 Accelerator, L.P. As such, CGP3 Managers, L.L.C. may be deemed to share beneficial ownership of the shares of Common Stock held of record by LCGP3 Accelerator, L.P.
Scott Arnold Dahnke and James Michael Chu are the members of the managing board of each of CGP2 Managers, L.L.C. and CGP3 Managers, L.L.C. As a result, each of them may be deemed to share beneficial ownership of the shares of Common Stock held of record by each of CGP2 Lone Star, L.P., CGP2 Zoom Holdings, L.P. and LCGP3 Accelerator, L.P.
| CUSIP No. 92918V109 | Schedule 13G | Page 11 of 13 |
| ITEM 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
| ITEM 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
| ITEM 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. |
Not applicable.
| ITEM 8. | Identification and Classification of Members of the Group. |
Not applicable.
| ITEM 9. | Notice of Dissolution of Group. |
Not applicable.
| ITEM 10. | Certification. |
Not applicable.
| CUSIP No. 92918V109 | Schedule 13G | Page 12 of 13 |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 10, 2021
| CGP2 Lone Star, L.P. | ||
| By: CGP2 Managers, L.L.C. | ||
| By: |
/s/ Scott A. Dahnke | |
| Name: |
Scott A. Dahnke | |
| Title: |
Managing Member | |
| CGP2 Zoom Holding, L.P. | ||
| By: CGP2 Managers, L.L.C. | ||
| By: |
/s/ Scott A. Dahnke | |
| Name: |
Scott A. Dahnke | |
| Title: |
Managing Member | |
| LCGP3 Accelerator, L.P. | ||
| By: CGP3 Managers, L.L.C. | ||
| By: |
/s/ Scott A. Dahnke | |
| Name: |
Scott A. Dahnke | |
| Title: |
Managing Member | |
| CGP2 Managers, L.L.C. | ||
| By: |
/s/ Scott A. Dahnke | |
| Name: |
Scott A. Dahnke | |
| Title: |
Managing Member | |
| CGP3 Managers, L.L.C. | ||
| By: |
/s/ Scott A. Dahnke | |
| Name: |
Scott A. Dahnke | |
| Title: |
Managing Member | |
| Scott Arnold Dahnke | ||
| /s/ Scott A. Dahnke | ||
| James Michael Chu | ||
| /s/ J. Michael Chu | ||
| CUSIP No. 92918V109 | Schedule 13G | Page 13 of 13 |
LIST OF EXHIBITS
| Exhibit |
Description | |
| 99 | Joint Filing Agreement. | |
Exhibit 99
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13G. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the 10th day of February, 2021.
| CGP2 Lone Star, L.P. | ||
| By: CGP2 Managers, L.L.C. | ||
| By: | /s/ Scott A. Dahnke | |
| Name: | Scott A. Dahnke | |
| Title: | Managing Member | |
| CGP2 Zoom Holding, L.P. | ||
| By: CGP2 Managers, L.L.C. | ||
| By: | /s/ Scott A. Dahnke | |
| Name: | Scott A. Dahnke | |
| Title: | Managing Member | |
| LCGP3 Accelerator, L.P. | ||
| By: CGP3 Managers, L.L.C. | ||
| By: | /s/ Scott A. Dahnke | |
| Name: | Scott A. Dahnke | |
| Title: | Managing Member | |
| CGP2 Managers, L.L.C. | ||
| By: | /s/ Scott A. Dahnke | |
| Name: | Scott A. Dahnke | |
| Title: | Managing Member | |
| CGP3 Managers, L.L.C. | ||
| By: | /s/ Scott A. Dahnke | |
| Name: | Scott A. Dahnke | |
| Title: | Managing Member | |
| Scott Arnold Dahnke | ||
| /s/ Scott A. Dahnke | ||
| James Michael Chu | ||
| /s/ J. Michael Chu | ||