Form 4: TrueCar Executive Jeff Swart Disposes of Shares to Cover Tax Obligations
SEC Filing
Jeff Swart, EVP, Gen. Counsel & Secretary of TrueCar, Inc., disposed of 1,522 shares of common stock on August 15, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On August 15, 2024, Jeff Swart, an executive at TrueCar, Inc., disposed of 1,522 shares of common stock.
- The transaction was executed to satisfy the reporting person's tax liability associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $2.91 per share.
- Following the transaction, Swart directly owns 410,600 shares of TrueCar common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Jeff Swart disposed of 1,522 shares of TrueCar common stock. |
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