DARRYL RAWLINGS - 12 Apr 2022 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role: CEO, Director
Signature: /s/ Charlotte Sim-Warner as attorney-in-fact for Darryl Rawlings
Issuer symbol: TRUP
Transactions as of: 12 Apr 2022
Net transactions value: -$279,643
Form type: 4
Filing time: 14 Apr 2022, 19:32:55 UTC
Previous filing: 30 Mar 2022
Next filing: 21 Apr 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	$59,800	+4,000	+0.72%	$14.95	561,350	12 Apr 2022	Direct
transaction	TRUP	Common Stock	Sale	$339,443	-4,000	-0.47%	$84.86	853,109	13 Apr 2022	By Kuyashii Primary Equities LLC	F1

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	Stock Option (right to buy)	Options Exercise	$0	-4,000	-8%	$0.000000	46,000	12 Apr 2022	Common Stock	4,000	$14.95	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by Kuyashii Primary Equities LLC, a limited liability company indirectly, wholly-owned by the reporting person and reporting person's spouse, on November 8, 2021, in order to implement a plan of financial diversification. Accordingly, the reporting person had no discretion with regard to the timing of the transaction. In aggregate, the reporting person's plan is Rule 10b5-1 trading plan is part of a diversification strategy on the part of the reporting person to diversify up to 25% of the reporting person's holdings as of the date of the Company's initial public offering in July 2014 from the inception of the Rule 10b5-1 trading plan through 2025.
F2	The option vested as to 25% of the total shares on August 8, 2017, and then 2.0833% of the total shares vested monthly thereafter, with 100% of the total shares vested and exercisable on August 8, 2020.

Content

The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by Kuyashii Primary Equities LLC, a limited liability company indirectly, wholly-owned by the reporting person and reporting person's spouse, on November 8, 2021, in order to implement a plan of financial diversification. Accordingly, the reporting person had no discretion with regard to the timing of the transaction. In aggregate, the reporting person's plan is Rule 10b5-1 trading plan is part of a diversification strategy on the part of the reporting person to diversify up to 25% of the reporting person's holdings as of the date of the Company's initial public offering in July 2014 from the inception of the Rule 10b5-1 trading plan through 2025.

The option vested as to 25% of the total shares on August 8, 2017, and then 2.0833% of the total shares vested monthly thereafter, with 100% of the total shares vested and exercisable on August 8, 2020.