Teresa Luong - 16 Feb 2023 Form 3 Insider Report for TrueCar, Inc. (TRUE)

Role
Chief Financial Officer
Signature
/s/ Scott Watkinson, by Power of Attorney
Issuer symbol
TRUE
Transactions as of
16 Feb 2023
Net transactions value
$0
Form type
3
Filing time
23 Feb 2023, 18:51:03 UTC
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TRUE Common Stock 125,024 16 Feb 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 16,666 $12.81 Direct F2
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 6,203 $12.81 Direct F3
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 1,802 $19.29 Direct F2
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 9,035 $10.85 Direct F2
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 22,500 $18.91 Direct F2
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 6,048 $18.91 Direct F2
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 10,639 $10.57 Direct F2
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 12,096 $6.93 Direct F4
holding TRUE Employee Stock Option (Right to Buy) 16 Feb 2023 Common Stock 17,046 $2.68 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities includes 57,083 restricted stock units.
F2 The shares subject to the option are fully vested and immediately exercisable.
F3 An option to purchase 7,008 shares was granted on May 15, 2014. This option was subject to performance vesting. Only 88.5% of the target was achieved. As a result, 805 of the shares underlying the option were canceled. The remaining 6,203 shares subject to the option are fully vested and immediately exercisable.
F4 The shares subject to the option vest in 48 equal monthly installments beginning on April 15, 2019.
F5 An option to purchase 22,727 shares was granted on March 16, 2020. The shares subject to the option vest in 36 equal monthly installments beginning on March 15, 2021. Following a partial exercise of this option, 17,046 shares remain subject to the option.

Remarks:

Ex. 24 - Power of Attorney