Schedule 13G/A: Cannell Discloses 4.34% Stake in TrueCar

Rhea-AI Filing Summary

TrueCar, Inc. reporting persons Cannell Capital LLC and individual J. Carlo Cannell disclose beneficial ownership of 3,835,473 shares of TrueCar common stock, representing 4.34% of the class as of the filing. The reported holdings show no sole voting or dispositive power and 3,835,473 shares held with shared voting and dispositive power.

The filing states the shares were acquired and are held in the ordinary course of business and explicitly not for the purpose of changing or influencing control of the issuer. Signatures by J. Carlo Cannell appear for both the individual and Cannell Capital LLC on 08/14/2025.

Positive

• Full disclosure of the stake: 3,835,473 shares (4.34%) provides transparency to investors
• Passive intent declared: filing states shares are held in the ordinary course and not to change control
• Shared voting and dispositive power is specified, clarifying the nature of the reporting persons' authority

Negative

• None.

Insights

Financial Analyst

TL;DR: Passive stake below 5% with shared voting power; disclosure increases transparency but is not materially controlling.

The Schedule 13G/A reports a 4.34% position (3,835,473 shares) held with shared voting and dispositive power and no sole control. For investors, this size is below the 5% reporting threshold that typically signals a meaningful block stake and the filing affirms a passive intent. The statement that holdings are in the ordinary course and not for control reduces the likelihood of imminent governance actions tied to this holder. No transactions, purchases, or sales details are provided in this filing.

Corporate Governance Expert

TL;DR: Governance impact is minimal; filing confirms passive status and shared authority without control intent.

The filing clearly assigns shared voting and dispositive power to the reporting persons but discloses no sole authority and expressly denies acquisition for control purposes. From a governance perspective, this is a routine disclosure that improves transparency but does not indicate a change in board control dynamics or activist intent. The dual signature by J. Carlo Cannell for both entities documents related-party reporting but contains no indication of coordinated group action.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

TrueCar, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

89785L107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 89785L107

1

Names of Reporting Persons

CANNELL J CARLO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,835,473.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,835,473.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,835,473.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 89785L107

1

Names of Reporting Persons

CANNELL CAPITAL LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,835,473.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,835,473.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,835,473.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TrueCar, Inc.
(b)	Address of issuer's principal executive offices: 225 SANTA MONICA BLVD, 12TH FLOOR, SANTA MONICA, CALIFORNIA, 90401
Item 2.
(a)	Name of person filing: Cannell Capital LLC
(b)	Address or principal business office or, if none, residence: 245 Meriwether Circle, Alta, WY 83414
(c)	Citizenship: Wyoming, USA
(d)	Title of class of securities: Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 89785L107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,835,473
(b)	Percent of class: 4.34%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 3,835,473
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 3,835,473
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CANNELL J CARLO

Signature:	/s/ J. Carlo Cannell
Name/Title:	self
Date:	08/14/2025

CANNELL CAPITAL LLC

Signature:	/s/ J. Carlo Cannell
Name/Title:	Managing Member
Date:	08/14/2025

FAQ

How many TrueCar (TRUE) shares does Cannell Capital LLC report owning?

Cannell Capital LLC reports beneficial ownership of 3,835,473 shares, equal to 4.34% of TrueCar common stock.

Does the filing indicate Cannell intends to influence control of TrueCar (TRUE)?

No. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

What voting power does J. Carlo Cannell have over the reported TrueCar shares?

The filing discloses 0 sole voting power and 3,835,473 shared voting power for the reporting persons.

When was the Schedule 13G/A for TrueCar signed?

Signatures by J. Carlo Cannell for both the individual and Cannell Capital LLC are dated 08/14/2025.

Is the reported position above the 5% ownership threshold?

No. The reported 4.34% position is below 5% and therefore does not meet common materiality thresholds for large-block holdings.