Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 201

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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-vested — December 31, 20245,482,977 $3.15 Granted3,107,505 3.36 Vested(522,575)3.45 Forfeited(212,800)3.27 Non-vested — March 31, 20257,855,107 $3.21 At March 31, 2025, total remaining stock-based compensation expense for non-vested restricted stock units was $23.1 million, which is expected to be recognized over a weighted-average period of 3.1 years. For the three months ended March 31, 2025 and 2024, the Company recorded $2.2 million and $1.8 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 three months ended March 31, 2025: Number ofSharesWeighted- Average Grant Date Fair ValueOutstanding — December 31, 20243,253,741 $4.01 Granted2,267,368 2.41 Vested— — Forfeited— — Outstanding — March 31, 20255,521,109 $3.35 At March 31, 2025, total remaining stock-based compensation expense for non-vested performance stock units was $9.5 million, which is expected to be recognized over a weighted-average period of 2.4 years. For the three months ended March 31, 2025 and 2024, the Company recorded $1.1 million and $0.7 million in stock-based compensation expense for performance stock units, respectively.Stock-based Compensation CostThe Company recorded stock-based compensation cost relating to stock options, restricted stock units, and performance stock units in the following categories on the accompanying condensed consolidated statements of comprehensive loss (in thousands): Three Months Ended March 31, 20252024Cost of revenue$87 $52 Sales and marketing547 399 Technology and development554 496 General and administrative2,158 1,685 Total stock-based compensation expense3,346 2,632 Amount capitalized to internal-use software204 190 Total stock-based compensation cost$3,550 $2,822 

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7.    Income Taxes

In determining quarterly provisions for income taxes, the Company