TrueCar, Inc. — Director's Dealing 2014

Nov 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueCar, Inc. (TRUE)
CIK: 0001327318
Period of Report: 2014-11-17

Reporting Person: Capricorn Investment Group LLC (10% Owner)
Reporting Person: Pacific Sequoia Holdings LLC (10% Owner)
Reporting Person: Skoll Foundation (10% Owner)
Reporting Person: Skoll Fund (10% Owner)
Reporting Person: Capricorn SA SICAV - SIF Global Non Marketable Strategies Sub Fund (10% Owner)
Reporting Person: Capricorn AIP-Private Investment Fund I, L.P. (10% Owner)
Reporting Person: HIT SPLITTLER LP (10% Owner)
Reporting Person: CARTHAGE LP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-17	Common Stock	S	400	$17.00	Disposed	7660	Direct
2014-11-17	Common Stock	S	395342	$17.00	Disposed	7576986	Indirect
2014-11-17	Common Stock	S	42173	$17.00	Disposed	808276	Indirect
2014-11-17	Common Stock	S	35973	$17.00	Disposed	689444	Indirect
2014-11-17	Common Stock	S	12747	$17.00	Disposed	244314	Indirect
2014-11-17	Common Stock	S	10306	$17.00	Disposed	197519	Indirect
2014-11-17	Common Stock	S	1619	$17.00	Disposed	31031	Indirect
2014-11-17	Common Stock	S	1440	$17.00	Disposed	27599	Indirect

Footnotes

F1: Capricorn Investment Group LLC ("Capricorn Group") may be deemed to have shared voting and investment control with respect to the shares held by the Capricorn Group, The Skoll Foundation, The Skoll Fund, Capricorn S.A. SICAV - SIF Global Non-Marketable Strategies Sub-Fund, Capricorn AIP - Private Investment Fund I, L.P., HIT Splitter, L.P., Carthage, L.P. and Pacific Sequoia Holdings LLC (collectively, the "Capricorn Entities"). Capricorn Group serves as the investment manager for the Capricorn Entities and may be deemed to have shared voting and investment control over the shares held by the Capricorn Entities.

F2: Capricorn Group is the general partner of Capricorn AIP - Private Investment Fund I, L.P. ("Capricorn AIP"), HIT Splitter, L.P. ("HSLP") and Carthage, L.P. ("Carthage") and has sole voting and investment control over the shares held by Capricorn AIP, HSLP and Carthage. Capricorn Group disclaims beneficial ownership of these securities except to the extent of its pecuniary interest in the securities held by Capricorn Group, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.