Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 216

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 216
---
 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 At September 30, 2025, total remaining stock-based compensation expense for non-vested performance stock units was $6.5 million, which is expected to be recognized over a weighted-average period of 2.6 years. For the three months ended September 30, 2025 and 2024, the Company recorded $1.0 million and $0.9 million in stock-based compensation expense for performance stock units, respectively. For the nine months ended September 30, 2025 and 2024, the Company recorded $3.2 million and $2.5 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 income (loss) (in thousands): Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Cost of revenue$94 $66 $275 $180 Sales and marketing523 434 1,631 1,349 Technology and development479 496 1,542 1,524 General and administrative2,070 1,957 6,343 5,721 Total stock-based compensation expense3,166 2,953 9,791 8,774 Amount capitalized to internal-use software189 187 590 554 Total stock-based compensation cost$3,355 $3,140 $10,381 $9,328 

7.    Income Taxes

In determining quarterly provisions for income taxes, the