Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099777
Chunk: 5

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 5
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 transaction, TrueCar will be a private company. We expect
the investor group to have deep operational experience, industry insight, and a long-term focus on innovation, united around a shared
commitment to supporting TrueCar as the most transparent and trusted platform in auto retail.

| 2. | How does this transaction benefit TrueCar? |

TrueCar is a publicly traded company, so it is the duty of
our Board of Directors to deliver the best outcome for our stockholders. We believe this transaction does that, delivering an all-cash
premium.

We have made huge strides building a differentiated network
of affinity partners and a powerful lead generation platform that connects dealers and OEMs with buyers. This transaction is a win-win
for TrueCar, our investors, our affinity partner network, Certified Dealers and car buyers. The investor group would bring deep operational
experience, industry insight, and long-term commitment to innovation, which should help TrueCar in its next chapter.

| 3. | Who is Scott Painter? |

Scott is the founder and former CEO of TrueCar. He helped
establish TrueCar as a leading car buying platform and is deeply committed to advancing our mission and supporting our success. Scott
is extremely excited to get to know the TrueCar team.

| 4. | When does this transaction close and what can we expect between now and then? |

The pending transaction is expected to close in the fourth
quarter of 2025 or early 2026, following the receipt of stockholder approval and satisfaction of other customary closing conditions. Until
the transaction closes, we will continue to operate as an independent, publicly traded company.

The best thing you can do is stay focused on your day-to-day
responsibilities. We will keep you informed as there are updates to share.

| 5. | What does this mean for employees? |

Between now and close, we are operating as an independent,
publicly traded company and it is business as usual. There are no changes to your role, responsibilities or reporting structure.

The buyer recognizes that TrueCar’s employees are the
foundation of its success. They are excited about our talented team, share our confidence in TrueCar’s future, and are excited to
work with us to cement TrueCar’s position as a leading car buying platform.

| 6. | Will we keep our name and brand once the transaction closes? |

Yes, the business will continue to operate under the TrueCar
name and brand.

| 7. | Will our compensation, benefits