Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 70

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 70
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 termination occurs if such termination occurs prior to a change in control and 200% of Mr. Reigersman’s base salary and full target bonus if such termination occurs upon or following a change in control.

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TABLE OF CONTENTS 2025 ANNUAL PROXY STATEMENT (3) Reflects the aggregate value of unvested option grants with an exercise price less than $3.73, the closing price of our common stock on the last trading day of 2024 (December 31, 2024), and other equity awards. For unvested option grants with exercise prices less than $3.73, the aggregate value is determined by multiplying (i) the number of shares subject to such options as of December 31, 2024 by (ii) the difference between $3.73 and the exercise price of such options. The amounts do not reflect any dollar value associated with the acceleration of options with exercise prices in excess of $3.73. For unvested RSUs, the aggregate value is determined by multiplying (x) the number of shares subject to such awards as of December 31, 2024 by (y) $3.73. For unvested PSUs, the aggregate value is determined by multiplying (A) the number of shares subject to such PSUs that potentially vest (subject to other vesting conditions described further in these notes) as of December 31, 2024 by (B) $3.73. (4) Reflects the value of the immediate vesting of each then-outstanding equity award (other than PSUs) as to the number of shares that otherwise would have vested had the Executive remained employed through the 12-month anniversary of the termination date. For PSUs, the value is determined by multiplying the target payout by the quotient obtained by dividing the total number of days from the beginning of the performance period to December 31, 2024 by the total number of days during the performance period. (5) Reflects the value of the immediate vesting of 100% of each then-outstanding RSU and option award that is both outstanding as of the Executive’s termination date and was granted to him or her at least 90 days (60 days, in the case of Mr. Reigersman) before the change in control. Reflects a 96% target value for PSUs granted in 2022, a 175% target value for PSUs granted in 2023, and a 108% target value