Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 128

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 128
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 terminated for a reason other than “cause,” (and not by reason of Mr. Reigersman’s death or “disability”) or he resigns from his employment for “good reason,” and, in each case, the termination occurs upon or after a “change in control” (each as defined in the employment agreement), then he will receive as severance: (i) a lump-sum cash payment equal to twenty-four (24) months of his base salary as in effect on the date of the termination; (ii) a lump-sum cash payment equal to payment of 200% of his full target bonus for the year in which the termination occurs; (iii) the immediate vesting as to 100% of his outstanding equity awards (other than Company PSUs) that both are outstanding as of the employment termination date and were granted at least sixty (60) days before the applicable change in control; and (iv) reimbursement or direct payment, as determined by the Company, for medical, vision and dental coverage for Mr. Reigersman and his eligible dependents under Title X of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (the “

#### COBRA Coverage
”), for up to eighteen (18) months following his termination. If the Company cannot provide the COBRA Coverage to which Mr. Reigersman becomes entitled without a

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violation of applicable laws, the Company may instead provide a monthly cash payment, plus a gross-up amount to cover the taxes on the payment, during the eighteen (18) months following his termination (which Mr. Reigersman may, but does not have to, use toward his health care continuation costs). If the Company cannot provide these cash payments in lieu of COBRA Coverage without violating applicable law, then the Company will not provide Mr. Reigersman with the COBRA Coverage or these cash payments.

Pursuant to the Company’s employment agreement with each of Messrs. Foley and Swart and Ms. Angel, if the Company terminates the executive’s employment for a reason other than “cause” (and not by reason of the executive’s death or “disability”) or the executive resigns from his or her employment for “good reason,” and in each case, the termination occurs upon the closing of a “change in control” or later (each as defined in the respective employment agreement), then he or she will receive: (i) continuing payments