Jeff Swart - 21 Jan 2026 Form 4 Insider Report for TrueCar, Inc. (TRUE)

Reporting relationship: EVP, Gen. Counsel & Secretary
Issuer ticker: TRUE
Reported as of: 21 Jan 2026
Net transaction value: -$1,189,391
SEC form: 4
Accepted by SEC: 23 Jan 2026, 19:05:41 UTC
Prior SEC filing: 15 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Andrew Lackey, by Power of Attorney

Key filing fact

Jeff Swart filed Form 4 for TrueCar, Inc. (TRUE) on 23 Jan 2026.

Key facts

This page summarizes Jeff Swart's Form 4 filing for TrueCar, Inc. (TRUE).
9 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 23 Jan 2026, 19:05.

Change

Previous filing in this sequence was filed on 15 Dec 2025.
Current net transaction value: -$1,189,391.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001688838 Primary reporting owner

Swart Jeff

Relationship: EVP, Gen. Counsel & Secretary
Address: C/O TRUECAR, INC., 225 SANTA MONICA BLVD, 12TH FLOOR, SANTA MONICA
Signature: /s/ Andrew Lackey, by Power of Attorney
Signature date: 23 Jan 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TRUE transaction

Common Stock

Disposed to Issuer

Transaction value: $1,189,391
Shares: -466,428
Change %: -100%
Price: $2.55
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TRUE transaction Derivative

Performance Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -228,631
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 228,631
Exercise price
Footnotes: F1, F3

TRUE transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -200,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200,000
Exercise price: $10.85
Footnotes: F1, F4, F5

TRUE transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -56,736
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 56,736
Exercise price: $18.91
Footnotes: F1, F4, F6

TRUE transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -90,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 90,000
Exercise price: $18.91
Footnotes: F1, F4, F7

TRUE transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -78,337
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 78,337
Exercise price: $9.59
Footnotes: F1, F4, F8

TRUE transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -54,432
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 54,432
Exercise price: $6.93
Footnotes: F1, F4, F9

TRUE transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -127,273
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 127,273
Exercise price: $2.68
Footnotes: F1, F4, F10

TRUE transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -46,592
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 21 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 46,592
Exercise price: $5.18
Footnotes: F1, F4, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Jeff Swart is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 11 footnotes

Footnote F1

On January 21, 2026 (the "Effective Time"), pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 14, 2025, by and between TrueCar, Inc., a Delaware corporation (the "Company"), Fair Holdings, Inc., a Delaware corporation ("Parent"), and Rapid Merger Subsidiary, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Subsidiary"), Merger Subsidiary merged with and into the Company, with the Company surviving the Merger as a wholly-owned subsidiary of Parent (the "Merger"). Defined terms not otherwise defined herein shall have the meaning set forth in the Merger Agreement.

Footnote F2

Pursuant to the terms of the Merger Agreement, at the Effective Time (i) each outstanding share of Company Stock was canceled and converted into the right to receive $2.55 per share in cash (the "Merger Consideration"), and (ii) each outstanding Company RSU held by the reporting person was canceled in exchange for an amount in cash equal to the Merger Consideration per share of Company Stock underlying each Company RSU, less any applicable withholding taxes.

Footnote F3

Pursuant to the terms of the Merger Agreement, at the Effective Time each outstanding Company PSU was canceled without consideration or, in the case of a Company PSU that qualified as a Change in Control Transaction Determined Unit (as determined in accordance with the Performance Unit Award Determination, Vesting and Issuance Criteria attached to the Performance Unit Award Agreement evidencing the award of such Company PSU and reflected herein), was canceled in exchange for an amount in cash equal to the Merger Consideration per share of Company Stock underlying each Company PSU, less any applicable withholding taxes.

Footnote F4

At the Effective Time each outstanding Company Option held by the Reporting Person was canceled for no consideration pursuant to the terms of the Merger Agreement applicable to Company Options that are not In-the-Money Company Options (as defined in the Merger Agreement).

Footnote F5

4,166 shares subject to the option vested on August 11, 2016 and the remaining shares vested in forty-seven (47) equal monthly installments beginning on August 24, 2016.

Footnote F6

The option vested in 48 monthly installments beginning on July 15, 2017.

Footnote F7

The option vested as to 10% of the total number of shares subject to the option on June 15, 2018, as to 20% of such shares on June 15, 2019, as to 30% of such shares on June 15, 2020 and as to 40% of such shares on June 15, 2021.

Footnote F8

The option vested in 48 monthly installments beginning on May 15, 2018.

Footnote F9

The option vested in 48 monthly installments beginning on March 15, 2019.

Footnote F10

The option vested in 48 monthly installments beginning on March 15, 2020.

Footnote F11

The option vested in 48 equal monthly installments beginning on March 15, 2021.