Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 240

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 240
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 settleable in shares of Company Stock or cash, shall be canceled, and Parent shall cause the Surviving Corporation to pay each holder at the time and in the manner provided under Section 2.7(a) for each Change in Control Transaction Determined Unit an amount in cash equal to the Merger Consideration per share of Company Stock (the “

#### Company PSU Consideration
”), less any applicable Taxes withheld pursuant to Section 2.8 . For the avoidance of doubt, each Company PSU that is not a Change in Control Transaction Determined Unit shall be canceled for no consideration.

(c) Company Stock Options . At the Effective Time, each option to purchase shares of Company Stock under any Company Equity Plan that is outstanding (but not yet exercised) immediately prior to the Effective Time (each, a “

#### Company Option
” and together with the Company RSUs and Company PSUs, collectively, the “

#### Company Equity Awards
”), whether or not vested, shall be canceled, and Parent shall cause the Surviving Corporation to pay each holder of an In-the-Money Company Option at the time and in the manner provided under Section 2.7(a) for each share underlying an In-the-Money Company Option an amount in cash equal to the Merger Consideration per share of Company Stock less (i) the exercise price per share of Company Stock of the Company Option (the “

#### In-the-Money Company Option Consideration
”) and (ii) any applicable Taxes withheld pursuant to Section 2.8 . For the avoidance of doubt, each Company Option that is not an In-the-Money Company Option shall be canceled for no consideration.

(d) Termination at the Effective Time . As of the Effective Time, each of the Company Equity Plans shall terminate and no holder of Company Equity Awards shall have any rights to acquire, or other rights in respect of, the capital stock of the Company, the Surviving Corporation or any of their Subsidiaries, except the rights contemplated by this Section 2.5 .

(e) Further Actions . Prior to the Effective Time, and subject to the prior review and comment by Parent (which review and comment shall be reasonably considered), the Board of Directors of the Company (or, if appropriate, any committee thereof administering the applicable Company Equity Plan) shall take such actions as are necessary or appropriate to (i) approve and effectuate the foregoing provisions of this Section 2.5 , including delivery of all required notices to each holder of Company Equity Awards, making any determinations