Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 82

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 82
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 equity awards that would vest based on our annualized CAGR compared to that of the Russell 2000 Total Return Index and revalued those awards as of the end of the year for the interim years during the performance period (as applicable) using the same valuation methodology for purposes of this table. We remeasured the fair value at the end of the applicable performance periods and on vesting dates based on the payout resulting from our annualized CAGR compared to that of the Russell 2000 Total Return Index and the closing price of our common stock on the vesting date, as previously disclosed in the Company’s prior proxy statements related the applicable vesting period. The remeasured fair value of the March 2020 awards was $ 5.00per share as of December 31, 2020, $ 3.12per share as of December 31, 2021 and $ 2.18per share as of December 31, 2022. The remeasured fair value of the March 2021 awards was $ 2.72as of December 31, 2021, $ 2.14per share as of December 31, 2022 and $ 2.80per share as of December 31, 2023. The remeasured fair value of the March 2022 awards was $ 2.68as of December 31, 2022, $ 3.96as of December 31, 2023 and $ 3.41as of December 31, 2024. The remeasured fair value of the March 2023 awards was $ 4.74as of December 31, 2023 and $ 5.01as of December 31, 2024. The remeasured fair value of the March 2024 awards was $ 4.45as of December 31, 2024. We used the Black-Scholes option-pricing model to determine the grant date fair value of stock options awards granted to our employees. We granted these stock options awards at the money and used the “simplified” method as describe in SAB Topic 14 Question 6 to estimate the expected term. Since these options were no longer at the money after the grant date, we used Rev. Proc. 2003-68 to re-value these stock options awards for purposes of this table. The range of fair values of remeasured stock option awards for our Non-PEO NEO