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

Role: Chief Operating Officer
Signature: /s/ Charlotte Sim-Warner as attorney-in-fact for Tricia Plouf
Issuer symbol: TRUP
Transactions as of: 25 Nov 2022
Net transactions value: -$145,772
Form type: 4
Filing time: 29 Nov 2022, 16:48:03 UTC
Previous filing: 02 Sep 2022
Next filing: 13 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		+1,782	+4.7%		40,051	25 Nov 2022	Direct	F1
transaction	TRUP	Common Stock	Tax liability	$37,945	-701	-1.8%	$54.13	39,350	25 Nov 2022	Direct	F2
transaction	TRUP	Common Stock	Options Exercise		+2,171	+5.5%		41,521	25 Nov 2022	Direct	F1
transaction	TRUP	Common Stock	Tax liability	$46,227	-854	-2.1%	$54.13	40,667	25 Nov 2022	Direct	F2
transaction	TRUP	Common Stock	Options Exercise		+2,894	+7.1%		43,561	25 Nov 2022	Direct	F1
transaction	TRUP	Common Stock	Tax liability	$61,600	-1,138	-2.6%	$54.13	42,423	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	-1,782	-50%	$0.000000	1,783	25 Nov 2022	Common Stock	1,782		Direct	F1, F3
transaction	TRUP	Restricted Stock Unit (RSU)	Options Exercise	$0	-2,171	-17%	$0.000000	10,857	25 Nov 2022	Common Stock	2,171		Direct	F1, F4
transaction	TRUP	Restricted Stock Unit (RSU)	Options Exercise	$0	-2,894	-10%	$0.000000	26,051	25 Nov 2022	Common Stock	2,894		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, 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 February 25, 2021, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.
F5	On February 22, 2021, the Reporting Person was granted 46,312 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.