Asher Bearman - Feb 25, 2022 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role
EVP, Business Development
Signature
/s/ Charlotte Sim-Warner as attorney-in-fact for Asher Bearman
Stock symbol
TRUP
Transactions as of
Feb 25, 2022
Transactions value $
-$477,025
Form type
4
Date filed
3/1/2022, 06:31 PM
Previous filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUP Common Stock Options Exercise +1.22K +1.6% 77.6K Feb 25, 2022 Direct F1
transaction TRUP Common Stock Tax liability -$42K -474 -0.61% $88.63 77.1K Feb 25, 2022 Direct F2
transaction TRUP Common Stock Options Exercise +2.08K +2.7% 79.2K Feb 25, 2022 Direct F1
transaction TRUP Common Stock Tax liability -$65K -733 -0.93% $88.63 78.4K Feb 25, 2022 Direct F2
transaction TRUP Common Stock Options Exercise +2.17K +2.77% 80.6K Feb 25, 2022 Direct F1
transaction TRUP Common Stock Tax liability -$68K -767 -0.95% $88.63 79.9K Feb 25, 2022 Direct F2
transaction TRUP Common Stock Options Exercise +8.02K +10.04% 87.9K Feb 25, 2022 Direct F1
transaction TRUP Common Stock Tax liability -$292K -3.3K -3.75% $88.63 84.6K Feb 25, 2022 Direct F2
transaction TRUP Common Stock Options Exercise +203 +0.24% 84.8K Feb 28, 2022 Direct F1
transaction TRUP Common Stock Sale -$9.68K -108 -0.13% $89.62 84.7K Feb 28, 2022 Direct F3

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 -1.22K -100% $0.00* 0 Feb 25, 2022 Common Stock 1.22K Direct F1, F4
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -2.08K -20.01% $0.00 8.32K Feb 25, 2022 Common Stock 2.08K Direct F1, F5
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -2.17K -11.11% $0.00 17.4K Feb 25, 2022 Common Stock 2.17K Direct F1, F6
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -8.02K -25% $0.00 24K Feb 25, 2022 Common Stock 8.02K Direct F1, F7
transaction TRUP Restricted Stock Unit (RSU) Award $0 +2.88K $0.00 2.88K Feb 28, 2022 Common Stock 2.88K Direct F1, F8
transaction TRUP Restricted Stock Unit (RSU) Award $0 +203 $0.00 203 Feb 28, 2022 Common Stock 203 Direct F1, F9
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 +203 $0.00* 0 Feb 25, 2022 Common Stock 203 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Asher Bearman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 This Form 4 discloses the shares of common stock that have been sold by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the restricted stock units.
F4 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.
F5 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.
F6 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.
F7 On February 22, 2021, the Reporting Person was granted 32,061 restricted stock units (RSUs). The RSUs vest and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2022, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
F8 On February 28, 2022, the Reporting Person was granted 2,881 restricted stock units (RSUs). The RSUs vest and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2023, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
F9 This RSU is fully vested on grant date.