Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 128

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 128
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Jeffrey J. Swart, Executive Vice President, General Counsel and Secretary; and

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Jay J. Ku, the Company’s former Chief Revenue Officer.

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TABLE OF CONTENTS

#### Treatment of Company Equity Awards
The Merger Agreement provides that at the Effective Time:

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each Company RSU that is (a) unvested and outstanding immediately prior to the Effective Time and (b) held by the Company’s current executive officers and non-employee directors will be accelerated and vest immediately prior to the Effective Time and be treated as Accelerated Company RSUs and no Company RSUs held by such individuals will be treated as Converted Stock Unit Cash Awards;

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each Vested Company RSU (including each Accelerated Company RSU), whether settleable in shares of Company Stock or cash, will be canceled, and Parent will cause the Surviving Corporation to pay each such holder, within sixty (60) days following the Effective Time, for each Vested Company RSU an amount in cash equal to the Merger Consideration per share of Company Stock, less any applicable withholding taxes;

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each Company PSU, whether or not vested, and whether settleable in shares of Company Stock or cash, will be canceled, and Parent will cause the Surviving Corporation to pay each holder, within sixty (60) days following the Effective Time, for each Company PSU that qualifies as a Change in Control Transaction Determined Unit an amount in cash equal to the Merger Consideration per share of Company Stock, less any applicable withholding taxes;

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each Company PSU that is not a Change in Control Transaction Determined Unit will be canceled for no consideration;

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each Company Option, whether or not vested, will be canceled, and Parent will cause the Surviving Corporation to pay to each holder of an In-the-Money Company Option, within sixty (60) days following the Effective Time, 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; and (ii) applicable withholding taxes; and

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each Company Option that is not an In-the-Money Company Option will be canceled for no consideration. None of the Company Options held by the Company’s NEOs or non-employee directors are In-the-Money Company Options and all Company Options will be canceled for no consideration.

For an estimate of the value of Company Equity Awards held by the NEOs