Jeff Swart - 21 Mar 2024 Form 4 Insider Report for TrueCar, Inc. (TRUE)

Signature
/s/ Scott Watkinson, by Power of Attorney
Issuer symbol
TRUE
Transactions as of
21 Mar 2024
Net transactions value
-$51,692
Form type
4
Filing time
22 Mar 2024, 20:45:29 UTC
Previous filing
15 Mar 2024
Next filing
15 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUE Common Stock Award $0 +36,828 +9.2% $0.000000 435,119 21 Mar 2024 Direct F1
transaction TRUE Common Stock Tax liability $51,692 -14,769 -3.4% $3.50 420,350 21 Mar 2024 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 14, 2024. 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 80% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 9,208 PSUs were forfeited.
F2 The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.