Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 131

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 131
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 continue to comply with a confidential information agreement entered into with the Company. In the event any payment or benefit received by the executive in connection with the Merger would be subject to excise taxes imposed under Section 4999 of the Code, the amount of such payments or benefits provided would be reduced, but only to the extent such reduction results in a greater after-tax benefit to the executive.

For an estimate of the value of the severance benefits for the NEOs, assuming a qualifying termination immediately following the Effective Time, see “— Quantification of Payments and Benefits to Named Executive Officers” below.

#### Arrangements with Parent
As of the date of this proxy statement, no executive officer of TrueCar has entered into any agreement with Parent or any of its affiliates regarding individual employment arrangements with, or the right to purchase or participate in the equity of, the Surviving Corporation or one or more of its affiliates following the consummation of the Merger.

Quantification of Payments and Benefits to Named Executive Officers

The information set forth in the table below is intended to comply with Item 402(t) of Regulation S-K, which requires disclosure of information about certain compensation and benefits payable to each of TrueCar’s NEOs that is based on or otherwise relates to the Merger. The compensation shown in this table and described in the footnotes to the table is the subject of the non-binding, advisory vote of the TrueCar Stockholders at the Special Meeting, as described in “— Advisory Compensation Proposal (Proposal 2)” beginning on page 118.

The figures in the table are estimates based on current compensation levels, each NEO’s existing compensation arrangements with TrueCar and multiple assumptions that may or may not actually occur or be accurate on the relevant date, including the assumptions described below. For purposes of calculating such amounts, we have assumed:

•

November 13, 2025, as the closing date of the Merger (which is the assumed date solely for purposes of this golden parachute compensation disclosure);

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• a termination of each NEO’s employment without cause (and not by reason of the executive officer’s death or disability) or resignation for good reason under the applicable employment agreement, effective as of immediately following the Effective Time (other than Mr. Ku); • each NEO complies with all requirements necessary to receive all severance payments and benefits pursuant to his or her employment agreement; and • a price per share of Common Stock equal to the Merger Consideration. For purposes of