Jeff Swart - Mar 31, 2022 Form 4 Insider Report for TrueCar, Inc. (TRUE)

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Scott Watkinson, by Power of Attorney
Stock symbol
TRUE
Transactions as of
Mar 31, 2022
Transactions value $
-$6,709
Form type
4
Date filed
4/1/2022, 08:01 PM
Previous filing
Mar 16, 2022
Next filing
Apr 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUE Common Stock Award $0 +90.7K +35.7% $0.00 345K Mar 31, 2022 Direct F1
transaction TRUE Common Stock Award $0 +4.03K +1.17% $0.00 349K Mar 31, 2022 Direct F2
transaction TRUE Common Stock Tax liability -$6.71K -1.79K -0.51% $3.75 347K Mar 31, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities are represented by restricted stock units which vest in 16 equal quarterly installments beginning on June 15, 2022.
F2 The reported securities reflect the number of performance units ("PSUs") that vested upon the certification by the compensation and workforce committee of the Issuer's board of directors (the "Compensation Committee") of the achievement of certain performance criteria during the three-year performance period ended March 14, 2022. The PSUs were granted under the Issuer's 2014 Equity Incentive Plan. Based on the performance criteria set forth in the agreement governing the terms of the PSUs, the Compensation Committee determined that 34% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 7,831 PSUs were forfeited.
F3 The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.