Steve Weinrauch - Aug 14, 2023 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role
EVP, North Am & Vet Strategy
Signature
/s/ Charlotte Sim-Warner as attorney-in-fact for Steve Weinrauch
Stock symbol
TRUP
Transactions as of
Aug 14, 2023
Transactions value $
-$7,880
Form type
4
Date filed
8/16/2023, 07:55 PM
Previous filing
May 30, 2023
Next filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUP Common Stock Options Exercise +1.12K +3.07% 37.6K Aug 14, 2023 Direct F1
transaction TRUP Common Stock Tax liability -$7.88K -272 -0.72% $28.97 37.3K Aug 14, 2023 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 -1.12K -100% $0.00* 0 Aug 14, 2023 Common Stock 1.12K Direct F1, F4
holding TRUP Restricted Stock Unit (RSU) 5.66K Aug 14, 2023 Common Stock 5.66K Direct F1, F3
holding TRUP Restricted Stock Unit (RSU) 1.12K Aug 14, 2023 Common Stock 1.12K Direct F1, F4
* 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 sold by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the restricted stock units.
F3 On August 14, 2023, the reporting person was granted 5,655 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
F4 On August 14, 2023, the reporting person was granted 1,118 restricted stock units (RSUs). The RSUs were issued in lieu of a cash bonus pursuant to the Issuer's cash bonus conversion program. The RSUs were fully vested on the grant date.