Jeff Swart - Mar 30, 2023 Form 4 Insider Report for TrueCar, Inc. (TRUE)

Signature
/s/ Scott Watkinson, by Power of Attorney
Stock symbol
TRUE
Transactions as of
Mar 30, 2023
Transactions value $
-$21,845
Form type
4
Date filed
3/31/2023, 07:20 PM
Previous filing
Mar 16, 2023
Next filing
May 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUE Common Stock Award $0 +21.1K +5.39% $0.00 413K Mar 30, 2023 Direct F1
transaction TRUE Common Stock Tax liability -$21.8K -9.42K -2.28% $2.32 404K Mar 30, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 15, 2023. 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 70% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 9,052 PSUs were forfeited.
F2 The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.