[Form 4] TrueCar, Inc. Insider Trading Activity
Jeff Swart, Executive Vice President, General Counsel & Secretary of TrueCar, Inc. (TRUE), reported a sale of 9,661 shares of TrueCar common stock on 09/15/2025 at a price of $2.43 per share. After the transaction, the reporting person beneficially owns 476,089 shares.
The filing states the shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units, indicating the disposition was a tax-related withholding rather than an open-market discretionary sale. The Form 4 was signed by a power of attorney on 09/16/2025.
Jeff Swart, vicepresidente esecutivo, consulente generale e segretario di TrueCar, Inc. (TRUE), ha annunciato la vendita di 9.661 azioni ordinarie di TrueCar a un prezzo di 2,43 USD per azione, in data 15/09/2025. Dopo la transazione, la persona che presenta il rapporto detiene 476.089 azioni per beneficio proprio.
La documentazione indica che le azioni sono state trattenute per soddisfare gli obblighi fiscali derivanti dall’acquisizione di unità azionarie limitate, suggerendo che la disposizione sia stata una ritenuta fiscale dovuta a tassazione anziché una vendita discrezionale in mercato aperto. Il modulo Form 4 è stato firmato da un procuratore il 16/09/2025.
Jeff Swart, vicepresidente ejecutivo, asesor jurídico y secretario de TrueCar, Inc. (TRUE), informó la venta de 9.661 acciones ordinarias de TrueCar a un precio de 2,43 USD por acción, el 15/09/2025. Tras la transacción, la persona que reporta posee 476.089 acciones de beneficio propio.
La presentación indica que las acciones fueron retenidas para satisfacer las obligaciones fiscales derivadas del vesting de unidades de acciones restringidas, lo que indica que la disposición fue una retención fiscal relacionada con impuestos en lugar de una venta discrecional en el mercado abierto. El Formulario 4 fue firmado por un apoderado el 16/09/2025.
제프 스워트는 TrueCar, Inc. (TRUE)의 Execuitve Vice President, General Counsel & Secretary로서 2025년 9월 15일 주당 $2.43의 가격으로 9,661주의 TrueCar 보통주를 매도했다고 보고했습니다. 거래 후 보고자는 476,089주를 유익하게 소유합니다.
신고서는 주식이 제한 주식 단위의 가속권 행사로 인한 세금 의무를 충당하기 위해 보류되었음을 명시하고 있어, 해당 처분이 공개시장 자유재량 매매가 아닌 세금 관련 원천징수의 배분임을 시사합니다. Form 4는 2025년 9월 16일 위임장으로 서명되었습니다.
Jeff Swart, Vice-président exécutif, conseiller juridique et secrétaire de TrueCar, Inc. (TRUE), a déclaré la vente de 9 661 actions ordinaires TrueCar au prix de 2,43 USD par action, le 15/09/2025. Après la transaction, la personne déclarée détient bénéficiellement 476 089 actions.
Le dépôt indique que les actions ont été retenues pour satisfaire les obligations fiscales liées à l’acquisition d’unités d’actions restreintes, ce qui suggère que la cession était une retenue fiscale liée à l’impôt plutôt qu’une vente discrétionnaire sur le marché libre. Le Formulaire 4 a été signé par procuration le 16/09/2025.
Jeff Swart, Executive Vice President, General Counsel & Secretary von TrueCar, Inc. (TRUE), meldete den Verkauf von 9.661 TrueCar-Stammaktien zum Preis von 2,43 USD pro Aktie am 15.09.2025. Nach der Transaktion besitzt die meldende Person beneficial 476.089 Aktien.
Die Einreichung besagt, dass die Aktien zurückgehalten wurden, um Steuerabzüge aus dem Vesting von Restricted Stock Units zu befriedigen, was darauf hindeutet, dass die Verfügung eine steuerbezogene Abführung war statt eines offenen Marktes freier Ermessensverkaufs. Das Formular 4 wurde am 16.09.2025 von einer Vollmacht unterzeichnet.
جيف سوارْت، نائب الرئيس التنفيذي للشؤون العامة وكبير المستشارين وم Secretary في TrueCar, Inc. (TRUE)، أبلغ عن بيع 9,661 سهماً من أسهم TrueCar العادية بسعر 2.43 دولاراً للسهم في تاريخ 15/09/2025. بعد المعاملة، يمتلك الشخص المبلغ عنه 476,089 سهماً لفائدته.
يذكر الإبلاغ أن الأسهم قد خُصِمت لتلبية الالتزامات الضريبية الناتجة عن vesting وحدات الأسهم المقيدة، ما يشير إلى أن التصرف كان خصماً ضريبياً وليس بيعاً في السوق المفتوح وفقاً لاختيار حر. تم توقيع النموذج Form 4 من قبل وكيل بتاريخ 16/09/2025.
Jeff Swart，TrueCar, Inc.（TRUE）执行副总裁、总法律顾问兼秘书，报告在 2025/09/15 以每股 $2.43 的价格出售了 9,661 股 TrueCar 普通股。交易后，披露人实际持有 476,089 股。
filings 指出这些股票被扣留以满足因限制性股票单位归属而产生的税务代扣义务，表明该处置是税务相关的代扣，而非公开市场的自由裁量出售。Form 4 表格于 2025/09/16 由授权代理签署。
- Transaction disclosed promptly with required details including date, price, and post-transaction ownership
- Sale was for tax withholding tied to vested restricted stock units, indicating a compensation-related administrative action rather than a discretionary sale
- Insider holdings decreased by 9,661 shares as a result of the withholding
- Shares sold at $2.43, which reflects the price for this specific withholding event
Insights
TL;DR: Routine tax-withholding disposition of vested RSUs; compliance filing shows a modest reduction in insider holdings.
The Form 4 reports a common and routine mechanism where vested restricted stock units are net-settled or shares are withheld to cover tax liabilities. The reported amount, 9,661 shares at $2.43, is small relative to the remaining beneficial ownership of 476,089 shares, and the filing was executed by power of attorney the day after the transaction, which is consistent with standard administrative practice. There is no indication of other derivatives or additional transactions in this filing.
TL;DR: Disclosure is timely and complete for an RSU withholding transaction; no governance red flags in this Form 4 alone.
The form clearly states the nature of the transaction as tax withholding for vested RSUs and provides the post-transaction beneficial ownership. The role of the reporting person is identified and the signature via power of attorney is noted with date, satisfying routine disclosure requirements. This single-item transaction does not by itself suggest changes to executive compensation policy or governance practices.
Jeff Swart, vicepresidente esecutivo, consulente generale e segretario di TrueCar, Inc. (TRUE), ha annunciato la vendita di 9.661 azioni ordinarie di TrueCar a un prezzo di 2,43 USD per azione, in data 15/09/2025. Dopo la transazione, la persona che presenta il rapporto detiene 476.089 azioni per beneficio proprio.
La documentazione indica che le azioni sono state trattenute per soddisfare gli obblighi fiscali derivanti dall’acquisizione di unità azionarie limitate, suggerendo che la disposizione sia stata una ritenuta fiscale dovuta a tassazione anziché una vendita discrezionale in mercato aperto. Il modulo Form 4 è stato firmato da un procuratore il 16/09/2025.
Jeff Swart, vicepresidente ejecutivo, asesor jurídico y secretario de TrueCar, Inc. (TRUE), informó la venta de 9.661 acciones ordinarias de TrueCar a un precio de 2,43 USD por acción, el 15/09/2025. Tras la transacción, la persona que reporta posee 476.089 acciones de beneficio propio.
La presentación indica que las acciones fueron retenidas para satisfacer las obligaciones fiscales derivadas del vesting de unidades de acciones restringidas, lo que indica que la disposición fue una retención fiscal relacionada con impuestos en lugar de una venta discrecional en el mercado abierto. El Formulario 4 fue firmado por un apoderado el 16/09/2025.
제프 스워트는 TrueCar, Inc. (TRUE)의 Execuitve Vice President, General Counsel & Secretary로서 2025년 9월 15일 주당 $2.43의 가격으로 9,661주의 TrueCar 보통주를 매도했다고 보고했습니다. 거래 후 보고자는 476,089주를 유익하게 소유합니다.
신고서는 주식이 제한 주식 단위의 가속권 행사로 인한 세금 의무를 충당하기 위해 보류되었음을 명시하고 있어, 해당 처분이 공개시장 자유재량 매매가 아닌 세금 관련 원천징수의 배분임을 시사합니다. Form 4는 2025년 9월 16일 위임장으로 서명되었습니다.
Jeff Swart, Vice-président exécutif, conseiller juridique et secrétaire de TrueCar, Inc. (TRUE), a déclaré la vente de 9 661 actions ordinaires TrueCar au prix de 2,43 USD par action, le 15/09/2025. Après la transaction, la personne déclarée détient bénéficiellement 476 089 actions.
Le dépôt indique que les actions ont été retenues pour satisfaire les obligations fiscales liées à l’acquisition d’unités d’actions restreintes, ce qui suggère que la cession était une retenue fiscale liée à l’impôt plutôt qu’une vente discrétionnaire sur le marché libre. Le Formulaire 4 a été signé par procuration le 16/09/2025.
Jeff Swart, Executive Vice President, General Counsel & Secretary von TrueCar, Inc. (TRUE), meldete den Verkauf von 9.661 TrueCar-Stammaktien zum Preis von 2,43 USD pro Aktie am 15.09.2025. Nach der Transaktion besitzt die meldende Person beneficial 476.089 Aktien.
Die Einreichung besagt, dass die Aktien zurückgehalten wurden, um Steuerabzüge aus dem Vesting von Restricted Stock Units zu befriedigen, was darauf hindeutet, dass die Verfügung eine steuerbezogene Abführung war statt eines offenen Marktes freier Ermessensverkaufs. Das Formular 4 wurde am 16.09.2025 von einer Vollmacht unterzeichnet.
FAQ
What did TrueCar (TRUE) insider Jeff Swart report on the Form 4?
Why were the 9,661 shares sold according to the filing?
Does the Form 4 show any derivative transactions for Jeff Swart?
When was the Form 4 signed and by whom?
How much beneficial ownership does Jeff Swart hold after this transaction?
