TrueCar, Inc. — Director's Dealing 2022

Apr 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueCar, Inc. (TRUE)
CIK: 0001327318
Period of Report: 2022-03-31

Reporting Person: Swart Jeff (EVP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-31	Common Stock	A	90666	—	Acquired	344630	Direct
2022-03-31	Common Stock	A	4033	—	Acquired	348663	Direct
2022-03-31	Common Stock	F	1789	$3.75	Disposed	346874	Direct

Footnotes

F1: The reported securities are represented by restricted stock units which vest in 16 equal quarterly installments beginning on June 15, 2022.

F2: 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, 2022. 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 34% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 7,831 PSUs were forfeited.

F3: The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.