Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 139

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 139
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 7701(a)(30) of the Code), or (2) has a valid election in effect to be treated as a United States person for U.S. federal income tax purposes.

The receipt of cash by a U.S. Holder in exchange for shares of Common Stock pursuant to the Merger will be a taxable transaction for U.S. federal income tax purposes. In general, a U.S. Holder will recognize gain or loss in an amount equal to the difference between the amount of cash received in the Merger

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(determined before a deduction of any applicable withholding taxes) and the U.S. Holder’s adjusted tax basis in the shares of Common Stock surrendered pursuant to the Merger by such U.S. Holder. A U.S. Holder’s adjusted tax basis in the shares of Common Stock generally will equal the amount that such U.S. Holder paid for the shares of Common Stock. A U.S. Holder’s gain or loss on the disposition of shares of Common Stock pursuant to the Merger generally will be characterized as capital gain or loss. Any such gain or loss will be long-term capital gain or loss if such U.S. Holder’s holding period in such shares of Common Stock is more than one (1) year at the time of the completion of the Merger. Long-term capital gains of certain non-corporate Holders, including individuals, are generally subject to U.S. federal income tax at preferential rates. The deductibility of capital losses is subject to limitations. U.S. Holders who hold different blocks of shares of Common Stock (generally, shares of Common Stock) purchased or acquired on different dates or at different prices should consult their tax advisors to determine how the above rules apply to them.

#### Non-U.S. Holders
This section applies to “

#### Non-U.S. Holders
.” For purposes of this discussion, a “

#### Non-U.S. Holder
” means any beneficial owner of any shares of Common Stock that is not a U.S. Holder or an entity or arrangement treated as a partnership for U.S. federal income tax purposes.

Subject to the discussion below regarding backup withholding, a Non-U.S. Holder generally will not be subject to U.S. federal income tax on any gain realized on the disposition of any shares of Common Stock in connection with the Merger, unless:

•

the gain is effectively connected with a trade or business of such Non-U.S. Holder in the United States (and,