Fawwad Qureshi - Feb 25, 2025 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role
Chief Financial Officer
Signature
/s/ Christina Poler as attorney-in-fact for Fawwad Qureshi
Stock symbol
TRUP
Transactions as of
Feb 25, 2025
Transactions value $
-$92,493
Form type
4
Date filed
2/27/2025, 07:53 PM
Previous filing
Feb 26, 2025
Next filing
Mar 3, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUP Common Stock Options Exercise +3.75K +273.12% 5.12K Feb 25, 2025 Direct F1
transaction TRUP Common Stock Tax liability -$45.5K -1.33K -26.04% $34.12 3.79K Feb 25, 2025 Direct F2
transaction TRUP Common Stock Sale -$47K -1.37K -36.24% $34.22 2.42K Feb 26, 2025 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -3.75K -8.33% $0.00 41.3K Feb 25, 2025 Common Stock 3.75K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 This Form 4 discloses the shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the restricted stock units, and does not represent a sale by the reporting person.
F3 The sale reported is effected pursuant to a Rule 10b5-1 trading plan adopted by reporting person on May 17, 2024, in order to implement a plan of financial diversification. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.8350 to $34.7900 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4).
F5 On November 13, 2023, the reporting person was granted 60,000 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on 11/25/24, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.