Company: TRUE
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001327318-25-000016
Chunk: 200

Company: TrueCar, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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 events, such as involuntary terminations. IndemnificationsIn the ordinary course of business, the Company may provide indemnities of varying scope and terms to customers, vendors, lessors, investors, directors, officers, employees and other parties with respect to certain matters, including, but not limited to, losses arising out of the Company’s breach of such agreements, services to be provided by the Company, or intellectual property infringement claims made by third parties. While the Company’s future obligations under certain of these agreements may contain limitations on liability for indemnification, other agreements do not contain such limitations and under such agreements it is not possible to predict the maximum potential amount of future payments due to the conditional nature of the Company’s obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under such indemnities have not had a material effect on the Company’s business, financial condition, results of operations or cash flows. Additionally, the Company does not believe that any amounts that it may be required to pay under these indemnities in the future will be material to the Company’s business, financial position, results of operations, or cash flows.

6.    Stock-based Awards

Stock OptionsA summary of the Company’s stock option activity for the three months ended March 31, 2025 is as follows: Number ofOptionsWeighted-Average Exercise PriceWeighted-AverageRemainingContractual Life   (in years)Outstanding at December 31, 20241,318,123 $9.61 3.5Granted— —  Exercised— —  Forfeited/expired(27,085)16.76  Outstanding at March 31, 20251,291,038 $9.46 3.3At March 31, 2025, total remaining stock-based compensation expense for unvested stock option awards was less than $0.1 million, which is expected to be recognized over a weighted-average period of 0.1 years. For the three months ended March 31, 2025 and 2024, the Company recorded stock-based compensation expense for stock option awards of less than $0.1 million and $0.1 million, respectively.

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Restricted Stock UnitsActivity in connection with restricted stock units is as follows for the three months ended March 31, 2025: Number ofSharesWeighted- Average Grant Date Fair ValueNon