Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 247

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 247
---
iii) assuming compliance with the matters referred to in Section 4.3 , require any notice, consent or other action by any Person under, constitute a breach of or default under, or cause or permit the termination, cancellation, acceleration or other change of any right or obligation or the loss of any benefit to which the Company or any of its Subsidiaries is entitled under any provision of any Material Contract, in each case with or without notice, lapse of time, or both, as applicable, or (iv) result in the creation or imposition of any Lien (other than a Permitted Lien) on any asset of the Company or any of its Subsidiaries, with only such exceptions, in the case of each of clauses (ii) through (iv), as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Section 4.5 Capitalization.

(a) The authorized capital stock of the Company consists of 1,000,000,000 shares of Company Stock and 20,000,000 shares of preferred stock, par value $0.0001 per share in each case. As of close of business on October 10, 2025 (the “

#### Capitalization Date
”), 88,848,869 shares of Company Stock (which excludes the shares of Company Stock reserved for issuance upon the settlement of Company Equity Awards) were outstanding. There are no outstanding shares of preferred stock of the Company. All outstanding shares of capital stock of the Company have been, and all shares that may be issued pursuant to the Company Equity Plans will be, when issued in accordance with the respective terms thereof and Applicable Law, duly authorized, validly issued, fully paid and nonassessable and were not issued in violation of any preemptive or similar rights. The Company holds no shares of Company Stock in the treasury of the Company. No shares of Company Stock are owned by any Subsidiary of the Company.

(b) As of the Capitalization Date, the Company has reserved 31,288,287 shares of Company Stock for issuance pursuant to the Company Equity Plans. As of the Capitalization Date, there were outstanding (i) Company RSUs that may be settled into 5,877,587 shares of Company Stock, (ii) Company PSUs that may be settled into 8,289,461 shares of Company Stock (assuming achievement of all applicable performance goals at maximum-level performance), and (iii) Company Options that may be exercised