Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099777
Chunk: 4

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 4
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of Directors.

Becoming
a private company represents a change in ownership but our dedication to our consumers and dealers will not change. We have tremendous
confidence in the potential of the TrueCar platform and team.

Today,
our focus remains steadfast: to serve our consumers and dealer partners with excellence. We will continue to be here for our dealer clients
— building tools and programs that make it easier to grow their businesses through TrueCar.

One
of our greatest strengths has always been our affinity network, and that focus will endure as we continue to deliver value through OEM
incentives, better service, and greater convenience for members looking to acquire, trade, or sell their cars.

We
currently expect the transaction to close by the end of 2025 or in early 2026, at which point TrueCar will officially become a private
company. However, the transaction is still subject to various closing conditions and we cannot guarantee that it will close on this timeline
or at all.

Scott
Painter, who founded TrueCar in 2005 before departing in 2015, will return as the company’s Chief Executive Officer following the
close of the transaction. Until then, it’s business as usual — no changes to our leadership, structure, or objectives. We’ll
continue executing on our plans and driving momentum as an independent, publicly traded company.

For
employees, your existing unvested equity will continue to vest as usual up to the close of the transaction. Details on the treatment of
your vested and unvested equity holdings in connection with the closing of the transaction are provided in the FAQS linked below.

I’ve
attached our official press release and an FAQ for additional information.

To
discuss next steps and answer any questions about today’s announcement, please join us for a Pulse & Progress session today
at 9:00 a.m. PT. A calendar invite with the Zoom link will follow shortly.

This
milestone reflects everything we’ve built together — our perseverance, our innovation, and our shared belief in TrueCar’s
mission. As we take this next step, we’re positioning TrueCar for long-term success.

Thank
you for all that you do. The best chapters of TrueCar’s story are still ahead.

Best,

Jantoon

Chief
Executive Officer

Employee FAQ

| 1. | Who is buying TrueCar? |

TrueCar has entered into an agreement to be acquired by an
investor group led by TrueCar founder Scott Painter. Upon completion of the