Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 94

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 94
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 |       — | ​ | ​ | ​ | ​    | ​ |      -40 | ​                       | ​ |
| ​ | Provision for (benefit from) income taxes                  | ​ | ​ | ​    | ​ |      15 | ​ | ​ | ​ | ​    | ​ |      17 | ​ | ​ | ​ | ​    | ​ |   -2,560 | ​                       | ​ |
| ​ | Adjusted EBITDA                                            | ​ | ​ | ​    | $ |   1,641 | ​ | ​ | ​ | ​    | $ | -13,692 | ​ | ​ | ​ | ​    | $ |  -29,946 | ​                       | ​ |

(1) The excluded amounts include a $1.8 million from changes in fair value of a derivative asset recognized from the sale of our equity method investment in Accu-Trade during the first quarter of 2022. (2) The excluded amount represents lease exit gains and losses associated with certain of our previous office locations. We consider these charges to be unrelated to our underlying results of operations and believe that their exclusion is appropriate to facilitate period-to-period operating performance comparisons. (3) The excluded amount represents impairment charges on our ROU assets associated with certain of our existing office locations. We consider these charges to be unrelated to our underlying results of operations and believe that their exclusion is appropriate to facilitate period-to-period operating performance comparisons. (4) The excluded amount represents external legal, accounting, consulting and other third-party fees and costs we incurred in connection with the Digital Motors acquisition. The excluded amounts also included $0.25 million associated with acceleration of unvested options to purchase shares of Digital Motors stock held by Digital Motors employees at the time of the acquisition that are accounted for as post-combination

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TABLE OF CONTENTS 2025 ANNUAL PROXY STATEMENT

compensation expense. These expenses are included in general and administrative expenses in our consolidated statements of comprehensive income (loss). We consider these fees and costs, which are associated with merger and acquisition transactions outside the normal course of our operations, to be unrelated to our underlying results of operations and believe that their exclusion provides investors with a more complete understanding of the factors and trends affecting our business operations. (5) The excluded amounts represent charges associated with the realignment of the Company’s leadership structure beginning in the third quarter of 2023, as well as charges associated with the Restructuring Plan undertaken in the second