Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 155

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part II, Item 2
Chunk 155
---
Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds

(a)Sales of Unregistered Securities

None.

(b)Purchases of Equity Securities by the Issuer and Affiliated Purchasers

The Company’s board of directors originally approved a share repurchase program (the “Program”) in August 2020. In February 2024, the Company’s board of directors increased the remaining authorization under the Program to $100.0 million and extended the expiration date of the Program to December 31, 2026. The Program may be suspended or discontinued at any time and does not obligate the Company to repurchase any dollar amount of its shares.

The Company had no share repurchases during the nine months ended September 30, 2025.

80

Item 5.   Other Information

During the three months ended September 30, 2025, no director or officer of the Company who is required to file reports under Section 16 of the Exchange Act adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

81

Item 6.   Exhibits

The documents listed below are incorporated by reference or are filed with this Quarterly Report on Form 10-Q, in each case as indicated therein (numbered in accordance with Item 601 of Regulation S-K).Exhibit NumberDescriptionIncorporated by Reference From FormIncorporated by Referencefrom ExhibitNumberDate Filed2.1Agreement and Plan of Merger, dated as of October 14, 2025, among the Registrant, Fair Holdings, Inc. and Rapid Merger Subsidiary, Inc.*8-K2.1October 15, 20252.2Equity Commitment Letter, dated as of October 14, 2025, by and between Fair Holdings, Inc. and Alpha Auto 2, LLC8-K2.2October 15, 20253.1Amended and Restated Certificate of Incorporation of the Registrant.10-Q3.1August 7, 20203.2Amended and Restated Bylaws of the Registrant.S-1/A File No. 333-1950363.4May 5, 201410.1#Separation Agreement and Release, dated as of September