Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 49

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 49
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 Incentive Plan was terminated in February 2022. Upon termination of the 2014 Plan, the shares reserved for issuance under the 2023 Plan included: (i) shares that have been reserved but not issued pursuant to any awards granted under the 2014 Plan and were not subject to any awards granted thereunder, plus (ii) shares subject to awards granted under the 2014 Plan that expire or otherwise terminate without having been exercised or issued in full, are forfeited to or repurchased by the Company due to failure to vest or are acquired by the Company (other than shares repurchased by the Company on the open market) pursuant to awards granted under the 2014 Plan used to pay the exercise price or purchase price of such an award or to satisfy the tax withholding obligations of such an award.

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#### TrueCar, Inc.

### Notes to Consolidated Financial Statements (Continued)
In accordance with the evergreen provision of the 2014 Plan, the shares available for issuance under the 2014 Plan included an annual increase on January 1 of each year equal to the least of: (x) 10,000,000shares; (y) 5% of the total outstanding shares of the Company’s common stock as of the last day of the prior fiscal year; or (z) such lesser amount as determined by the Company’s Board of Directors. On January 1, 2023, the final evergreen increase of the now-terminated 2014 Plan resulted in an additional 4,421,954shares of common stock being available for issuance under the 2014 Plan.

As of December 31, 2024, the total number of shares available for future issuance under the 2023 Plan was 20,451,887shares. Under the 2023 Plan, the Company has the ability to issue incentive stock options, nonstatutory stock options, restricted stock, restricted stock units, stock appreciation rights, performance units, and performance shares. The exercise price of stock options granted under the 2023 Plan must at least equal the fair market value of the Company’s common stock on the date of grant. Stock options granted generally vest monthly over a four-yearperiod and expire 10years from the date of grant. Restricted stock units generally vest quarterly over a four-yearperiod. Performance stock units granted generally vest at the end of a three-yearperiod.

Stock Options

A summary of the Company’s stock option activity for the