Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099777
Chunk: 7

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 7
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 that are outstanding but not exercised will receive cash in an amount equal to $2.55 minus the applicable 
 exercise price for such option, for each option, subject to applicable taxes.                                                              |

| ii. | Out-of-the-money company stock options will be cancelled for no consideration |

| · | We will share more information on the treatment for current outstanding equity awards when available. |

| 11. | Will I continue to be subject to trading windows? |

Yes. Since we continue to operate as a public company until
close, all trading windows and blackout periods still apply, including our regularly scheduled quarterly blackout that will remain in
effect until one full trading day after our quarterly earnings are announced.

| 12. | Will there be new equity awards for employees after close? |

While nothing has been determined, we expect to work with
the investor group to develop a competitive compensation program following the closing as a private company.

| 13. | What does this mean for hiring? |

We are continuing with our current hiring strategy, subject
to certain limitations and approval requirements set forth in the merger agreement.

| 14. | Does this impact any of the existing approval processes and budgets? |

No, for now, approval processes and budgets remain the same.

| 15. | What does it mean to become a private company? Are there differences we will notice? |

As a private company, TrueCar stock will no longer trade
on any public exchange. The Company will no longer have quarterly reporting requirements or public stockholders.

| 16. | Can I post about the pending transaction on social media? |

We ask that you from posting or otherwise
commenting publicly, consistent with our policies and social media guidelines.

| 17. | What do I do if I’m contacted by the media, investors or other third parties? |

Consistent with company policy, please do not respond, and
immediately forward inquiries from investors or analysts to Oliver Foley. Inquiries from the media or other outside parties should be
sent to our Corporate Communications mailbox, communications@truecar.com.

| 18. | Who do I contact if I have further questions? |

If you have any additional questions, please feel free to
reach out to your manager or a member of the executive leadership team.

Please keep in mind that it is early in the process, and
we don’t have all of the answers today. We will keep you informed as we have updates to share.

Additional Information and Where to Find It

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