Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 161

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 161
---
30, 2025 is as follows: Number ofOptionsWeighted-Average Exercise PriceWeighted-AverageRemainingContractual Life   (in years)Outstanding — December 31, 20241,318,123 $9.61 3.5Granted— —  Exercised— —  Forfeited/expired(67,997)15.21  Outstanding — June 30, 20251,250,126 $9.31 3.1At June 30, 2025, there was no remaining stock-based compensation expense for unvested stock option awards. For each of the three months ended June 30, 2025 and 2024, the Company recorded stock-based compensation expense for stock option awards of less than $0.1 million. For the six months ended June 30, 2025 and 2024, the Company recorded stock-based compensation expense for stock option awards of $0.1 million and $0.1 million, respectively.

15

Restricted Stock UnitsActivity in connection with restricted stock units is as follows for the six months ended June 30, 2025: Number ofSharesWeighted- Average Grant Date Fair ValueNon-vested — December 31, 20245,482,977 $3.15 Granted3,541,717 3.13 Vested(1,668,381)3.21 Forfeited(591,841)3.16 Non-vested — June 30, 20256,764,472 $3.12 At June 30, 2025, total remaining stock-based compensation expense for non-vested restricted stock units was $20.2 million, which is expected to be recognized over a weighted-average period of 2.9 years. For the three months ended June 30, 2025 and 2024, the Company recorded $2.1 million and $2.3 million in stock-based compensation expense for restricted stock units, respectively. For the six months ended June 30, 2025 and 2024, the Company recorded $4.3 million and $4.1 million in stock-based compensation expense for restricted stock units, respectively. Performance Stock UnitsActivity in connection with performance stock units is as follows for the six months ended June 30, 2025: Number ofSharesWeighted- Average Grant