Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 52

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 52
---
 Vested                          |     |                         |  -364,837 |     |                                        | 5.99 |
| Forfeited                       |     |                         |  -131,555 |     |                                        | 5.25 |
| Outstanding — December 31, 2024 |     |                         | 3,253,741 |     | $                                      | 4.01 |

The total fair market value of PSUs that vested for the years ended December 31, 2024, 2023, 2022 was $ 1.3million, $ 0.7million and $ 0.1million, respectively.

The weighted-average grant-date fair value of PSUs granted for the years ended December 31, 2024, 2023, and 2022 was $ 4.39, $ 2.75, and $ 4.90, respectively. For the years ended December 31, 2024, 2023, and 2022, the Company recorded $ 3.4million, $ 2.6million, and $ 4.1million in compensation expense, respectively. At December 31, 2024, total remaining stock-based compensation expense for non-vested PSUs is $ 5.2million, which is expected to be recognized over a weighted-average period of 1.9years.

<div align='center'>F-30</div>

#### TrueCar, Inc.

### Notes to Consolidated Financial Statements (Continued)
Valuation Assumptions and Stock-based Compensation Cost

The fair value of stock options granted to employees is estimated on the grant date using the Black-Scholes option-pricing model. This valuation model requires the Company to make assumptions and judgments about the variables used in the calculation, including the expected term, the volatility of the Company’s common stock, risk-free interest rate, and expected dividends. The Company uses the simplified method under the SEC’s Staff Accounting Bulletin No. 107, Share-Based Payment , to calculate expected term for plain vanilla share options, as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. The computation of expected volatility is based on the historical volatility of the Company’s common stock. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected life of the option. The Company uses an expected dividend of zero, as it does not anticipate paying