Form 4: TrueCar Executive Jeff Swart Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Jeff Swart, EVP, Gen. Counsel & Secretary of TrueCar, Inc., reported disposing of 1,522 shares of common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 15, 2024, Jeff Swart, EVP, Gen. Counsel & Secretary of TrueCar, Inc., disposed of 1,522 shares of common stock.
- The transaction was executed to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units.
- The price per share was $2.77.
- Following the transaction, Swart directly owns 418,828 shares of TrueCar common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from stock vesting, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: disposal of 1,522 shares of TrueCar common stock. |
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