Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 51

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 51
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 $ 2.31, and $ 3.49, respectively. For the years ended December 31, 2024, 2023, and 2022, the Company recorded $ 8.1million, $ 10.8million, and $ 12.1million in compensation expense, respectively. At December 31, 2024, total remaining stock-based compensation expense for non-vested RSUs is $ 15.7million, which is expected to be recognized over a weighted-average period of 2.6years.

Performance Stock Units

Performance stock units (“PSU”) vesting is subject to the achievement of certain market conditions over a three-yearperiod. The number of shares of common stock to be issued under a PSU agreement is based upon a comparison of the Company’s total stockholder return (“TSR”) determined by reference to the Company’s compound annual growth in stock price (“CAGR”) relative to the Russell 2000 Total Return Index (the “Index”), over a three-yearperformance period. If the CAGR is equal to that of the Index, the target number of PSUs will vest. For every percentage point that the CAGR exceeds the Index, the number of PSUs that are eligible to vest in excess of target is increased by a respective amount of percentage points, and for every percentage point that the CAGR is below the Index, the number of PSUs that are eligible to vest is decreased by a respective amount of percentage points as well. If the Company’s absolute CAGR is negative during the performance period of the PSUs, then the executives’ payout will be capped at 100% of target, irrespective of the extent to which the CAGR exceeds the Index. Payouts of the performance share awards range from 0% to 175% of the target awards based on the Company’s TSR ranking relative to the Index.

A summary of the Company’s PSU activity for the year ended December 31, 2024 is as follows:

|                                 |     | Performance Share Units |           |     | Weighted-Average Grant Date Fair Value |      |
|:--------------------------------|:----|:------------------------|----------:|:----|:---------------------------------------|-----:|
| Outstanding — December 31, 2023 |     |                         | 2,518,556 |     | $                                      | 4.18 |
| Granted                         |     |                         | 1,231,577 |     |                                        | 4.39 |
|