Company: TRUE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001327318-25-000006
Chunk: 138

Company: TrueCar, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 138
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Item 5.    Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information for Common Stock

Our common stock has been listed on the Nasdaq Global Select Market under the symbol “TRUE” since May 16, 2014. Before that date, there was no public trading market for our common stock. 

Holders of Record

As of February 12, 2025, there were 108 holders of record of our common stock. The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees. This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.

Dividend Policy

We have never declared or paid any cash dividends on our common stock. We currently intend to retain any future earnings and do not anticipate paying any dividends on our common stock in the foreseeable future. Any future determination to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition, operating results, capital requirements, general business conditions, any restrictions on paying dividends, and other factors that our board of directors may deem relevant.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers 

Share repurchase activity during the three months ended December 31, 2024 was as follows:

PeriodTotal Number of Shares PurchasedAverage Price Paid Per Share(2)Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or ProgramsOctober 1, 2024 — October 31, 20241,583,315$3.591,583,315$80,660,467November 1, 2024 — November 30, 2024167,777$3.94167,777$80,000,003December 1, 2024 — December 31, 2024—$——$80,000,003Total1,751,092$3.621,751,092$80,000,003

(1)On August 6, 2020, the Company issued a press release announcing that its Board of Directors (the “Board”) had authorized a share repurchase program of up to $75 million to allow for the repurchase of the Company’s common stock, with such authorization