Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 176

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 176
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 2025, there was no remaining stock-based compensation expense for unvested stock option awards as all awards have fully vested. For the three months ended September 30, 2025, the Company recorded no stock-based compensation expense for stock option awards given all outstanding awards have fully vested. For the three months ended September 30, 2024, the Company recorded stock-based compensation expense for stock option awards of less than $0.1 million. For the nine months ended September 30, 2025 and 2024, the Company recorded stock-based compensation expense for stock option awards of $0.1 million and $0.2 million, respectively.Restricted Stock UnitsActivity in connection with restricted stock units is as follows for the nine months ended September 30, 2025: Number ofSharesWeighted- Average Grant Date Fair ValueNon-vested — December 31, 20245,482,977 $3.15 Granted3,541,717 3.13 Vested(2,326,378)3.22 Forfeited(823,155)3.23 Non-vested — September 30, 20255,875,161 $3.10 At September 30, 2025, total remaining stock-based compensation expense for non-vested restricted stock units was $17.0 million, which is expected to be recognized over a weighted-average period of 2.7 years. For the three months ended September 30, 2025 and 2024, the Company recorded $2.2 million and $2.0 million in stock-based compensation expense for restricted stock units, respectively. For the nine months ended September 30, 2025 and 2024, the Company recorded $6.5 million and $6.1 million in stock-based compensation expense for restricted stock units, respectively. 

17

Performance Stock UnitsActivity in connection with performance stock units is as follows for the nine months ended September 30, 2025: Number ofSharesWeighted- Average Grant Date Fair ValueOutstanding — December 31, 20243,253,741 $4.01 Granted2,267,368 2.41 Vested(155,994)4.97 Forfeited(1,192,186)4.16 Outstanding — September 30, 20254,172,929 $3.06