Iosotaluno Faye 4

What Happened

• Iosotaluno Faye, a director of TrueCar, disposed of 333,833 shares on January 21, 2026 as part of the company’s merger. The shares were converted into cash at $2.55 per share, for total consideration of $851,274. The reported disposition is coded as a disposition to the issuer (D) tied to the merger closing, not an open-market sale.

Key Details

• Transaction date: January 21, 2026 (Effective Time of the merger)
• Price: $2.55 per share; Total cash received: $851,274
• Transaction type: D — Disposition to issuer (shares canceled/converted under the Merger Agreement)
• Shares owned after transaction: Not specified in the filing
• Filing date: January 23, 2026 — filed within the typical Form 4 reporting window (timely)
• Footnotes: The Merger Agreement (effective Jan 21, 2026) provided that each outstanding share was canceled and converted into $2.55 cash per share. Any outstanding RSUs held by the reporting person were similarly canceled and paid in cash equal to $2.55 per underlying share, less applicable withholding taxes.

Context

• This was a merger cash-out — the company was acquired and outstanding common shares (and RSUs) were cancelled for cash consideration. That means the disposition reflects the corporate transaction mechanics rather than an insider "selling" shares in the market; it does not necessarily indicate the director’s view of the company’s prospects.