Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 48

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 48
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 be suspended or discontinued at any time and does not obligate the Company to purchase any minimum number of shares. During the years ended December 31, 2024, 2023 and 2022 the Company repurchased and retired a total of 6.1million, zeroand 9.8million shares under the Program for $ 20.0million, zeroand $ 29.7million respectively, which excludes excise tax imposed under the Inflation Reduction Act of $0.1 million, zero, and zero respectively. As of December 31, 2024, the Company had a remaining authorization of $ 80.0million for future share repurchases.

Reserve for Unissued Shares of Common Stock

The Company is required to reserve and keep available out of its authorized but unissued shares of common stock such number of shares sufficient for the exercise of all outstanding awards, plus shares available for grant under the Company’s equity incentive plan.

The number of shares of the Company’s common stock reserved for these purposes at December 31, 2024 is as follows:

|                                                                                      |     | Number of Shares |            |
| Outstanding stock options                                                            |     |                  |  1,318,123 |
| Outstanding restricted stock units                                                   |     |                  |  5,482,977 |
| Outstanding performance stock units                                                  |     |                  |  3,253,741 |
| Additional shares reserved for maximum payout of outstanding performance stock units |     |                  |  2,440,294 |
| Additional shares available for grant under the equity plan                          |     |                  | 20,451,887 |
| Total                                                                                |     |                  | 32,947,022 |

#### 11. Stock-based Awards
The Company’s stockholders approved the Company’s 2023 Equity Incentive Plan (the “2023 Plan”) at its June 2023 Annual Meeting of Stockholders. The 2023 Plan serves as the successor to the 2014 Equity Incentive Plan (the “2014 Plan), which was terminated when the 2023 Plan was adopted. Prior awards granted under the 2014 Plan continue to be subject to the terms and provisions of the 2014 Plan. In connection with the Company’s initial public offering in May 2014 (the “IPO”), the Company’s 2005 Equity Incentive Plan and 2008 Equity Incentive Plan were terminated and the Company’s 2015 Inducement Equity