ASHER BEARMAN - 25 May 2021 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role
EVP, Business Development
Signature
/s/ Charlotte Sim-Warner as attorney-in-fact for Asher Bearman
Issuer symbol
TRUP
Transactions as of
25 May 2021
Net transactions value
-$229,544
Form type
4
Filing time
27 May 2021, 18:46:33 UTC
Next filing
14 Feb 2022
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 +1,219 +1.8% 69,425 25 May 2021 Direct F1
transaction TRUP Common Stock Tax liability $51,130 -613 -0.88% $83.41 68,812 25 May 2021 Direct F2
transaction TRUP Common Stock Options Exercise +2,079 +3% 70,891 25 May 2021 Direct F1
transaction TRUP Common Stock Tax liability $87,247 -1,046 -1.5% $83.41 69,845 25 May 2021 Direct F2
transaction TRUP Common Stock Options Exercise +2,171 +3.1% 72,016 25 May 2021 Direct F1
transaction TRUP Common Stock Tax liability $91,167 -1,093 -1.5% $83.41 70,923 25 May 2021 Direct F2

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 -1,219 -25% $0.000000 3,659 25 May 2021 Common Stock 1,219 Direct F1, F3
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -2,079 -12% $0.000000 14,555 25 May 2021 Common Stock 2,079 Direct F1, F4
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -2,171 -8.3% $0.000000 23,884 25 May 2021 Common Stock 2,171 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 RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2019, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.
F4 The RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2020, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.
F5 The RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2021, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.