Gavin Friedman - 25 Nov 2022 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role
EVP, Legal and Regulatory
Signature
/s/ Charlotte Sim-Warner as attorney-in-fact for Gavin Friedman
Issuer symbol
TRUP
Transactions as of
25 Nov 2022
Net transactions value
-$116,163
Form type
4
Filing time
29 Nov 2022, 16:47:43 UTC
Previous filing
02 Sep 2022
Next filing
11 Jan 2023
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 +684 +9.4% 7,964 25 Nov 2022 Direct F1
transaction TRUP Common Stock Tax liability $14,561 -269 -3.4% $54.13 7,695 25 Nov 2022 Direct F2
transaction TRUP Common Stock Options Exercise +23 +0.3% 7,718 25 Nov 2022 Direct F1
transaction TRUP Common Stock Tax liability $487 -9 -0.12% $54.13 7,709 25 Nov 2022 Direct F2
transaction TRUP Common Stock Options Exercise +2,746 +36% 10,455 25 Nov 2022 Direct F1
transaction TRUP Common Stock Tax liability $58,460 -1,080 -10% $54.13 9,375 25 Nov 2022 Direct F2
transaction TRUP Common Stock Options Exercise +2,004 +21% 11,379 25 Nov 2022 Direct F1
transaction TRUP Common Stock Tax liability $42,654 -788 -6.9% $54.13 10,591 25 Nov 2022 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 -684 -50% $0.000000 684 25 Nov 2022 Common Stock 684 Direct F1, F3
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -23 -20% $0.000000 91 25 Nov 2022 Common Stock 23 Direct F1, F4
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -2,746 -17% $0.000000 13,732 25 Nov 2022 Common Stock 2,746 Direct F1, F5
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -2,004 -10% $0.000000 18,034 25 Nov 2022 Common Stock 2,004 Direct F1, F6
* 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, 2020, 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 November 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.
F6 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.