TrueCar (TRUE) officer reports 9,661 shares withheld for taxes

Rhea-AI Filing Summary

TrueCar, Inc. reported an insider transaction by an executive officer who serves as EVP, General Counsel & Secretary. On 12/15/2025, the officer had 9,661 shares of common stock withheld at $2.14 per share. This withholding was used to satisfy the officer's tax liability arising from the vesting of restricted stock units.

After this tax-related withholding, the officer directly beneficially owns 466,428 shares of TrueCar common stock. The filing indicates this is a routine equity compensation and tax settlement event rather than an open-market purchase or sale.

Insider Trade Summary

Net Seller: 9,661 shares

Net Sell 1 txn

Insider Swart Jeff

Role EVP, Gen. Counsel & Secretary

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	9,661	$2.14	$21K

Holdings After Transaction: Common Stock — 466,428 shares (Direct)

Footnotes (1)

1. F1. The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of restricted stock units.

FAQ

What insider transaction did TrueCar (TRUE) disclose in this filing?

TrueCar disclosed that an executive officer had 9,661 shares of common stock withheld to pay taxes due from the vesting of restricted stock units.

How many TrueCar (TRUE) shares were withheld for taxes?

The filing reports that 9,661 shares of TrueCar common stock were withheld to cover the executive's tax liability.

At what price were the withheld TrueCar (TRUE) shares valued?

The 9,661 withheld shares were valued at a price of $2.14 per share.

How many TrueCar (TRUE) shares does the executive own after this transaction?

Following the tax withholding transaction, the executive directly beneficially owns 466,428 shares of TrueCar common stock.

What caused the tax liability that led to the TrueCar (TRUE) share withholding?

The tax liability arose from the vesting of restricted stock units, and shares were withheld to satisfy that obligation.

Is the reporting person a director or officer of TrueCar (TRUE)?

The reporting person is identified as an officer of TrueCar, serving as EVP, General Counsel & Secretary.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/15/2025 - 09:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Swart Jeff

(Last) (First) (Middle)

C/O TRUECAR, INC.

225 SANTA MONICA BLVD, 12TH FLOOR

(Street)

SANTA MONICA CA 90401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TrueCar, Inc. [ TRUE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen. Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/15/2025		F		9,661(1)	D	$2.14	466,428	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported securities were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of restricted stock units.

Remarks:

	/s/ Tobin Watkinson, by Power of Attorney	12/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.