Angel Jill 4

What Happened
Angel Jill, Chief Operating Officer of TrueCar, had 335,137 company shares converted into cash at $2.55 per share (Disposition to issuer) on January 21, 2026, resulting in proceeds of $854,599. In the same transaction date, 225,095 derivative units (performance units/PSUs) held by the reporting person were canceled without consideration under the merger agreement.

Key Details

• Transaction date: January 21, 2026 (Effective Time of the merger). Filing date: January 23, 2026.
• Shares converted/sold: 335,137 common shares at $2.55 each = $854,599 (Disposition to issuer, code D).
• Derivative units canceled: 225,095 disposed at $0 (likely PSUs canceled without payout per the merger terms).
• Relevant merger provisions: F1–F3 — TrueCar merged into a subsidiary of Fair Holdings; outstanding shares were canceled for $2.55/share; RSUs were cashed out per the agreement, while PSUs may be canceled without consideration unless they met specific change-in-control criteria.
• Shares owned after transaction: not specified in the filing.
• Timeliness: Filing covers a Jan 21 transaction and was submitted Jan 23 — appears timely.

Context
This was a corporate-action disposition tied to a merger (cash-out of equity), not an open-market sale. Such transactions reflect the merger consideration being paid and/or cancellation of awards per the merger agreement, rather than an insider trading decision.