Jeff Swart - 09 Apr 2025 Form 4 Insider Report for TrueCar, Inc. (TRUE)

Signature
/s/ Scott Watkinson, by Power of Attorney
Issuer symbol
TRUE
Transactions as of
09 Apr 2025
Net transactions value
-$9,551
Form type
4
Filing time
11 Apr 2025, 17:49:38 UTC
Previous filing
17 Mar 2025
Next filing
16 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUE Common Stock Award $0 +17,133 +3.5% $0.000000 502,282 09 Apr 2025 Direct F1
transaction TRUE Common Stock Tax liability $9,551 -6,871 -1.4% $1.39 495,411 09 Apr 2025 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 29, 2025. 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 16% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 89,953 PSUs were forfeited.
F2 The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.