TrueCar, Inc. — Director's Dealing 2023

Apr 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueCar, Inc. (TRUE)
CIK: 0001327318
Period of Report: 2023-03-30

Reporting Person: Darrow Michael (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-30	Common Stock	A	228200	—	Acquired	1409659	Direct
2023-03-30	Common Stock	F	113142	$2.32	Disposed	1296517	Direct

Footnotes

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 15, 2023. 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 70% of the target number of PSUs granted to the Reporting Person were eligible to vest, and the remaining 97,800 PSUs were forfeited.

F2: The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of PSUs.