Kalpesh Raval - 25 Nov 2023 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role
General Manager
Signature
/s/ Lauren Welsh as attorney-in-fact for Kalpesh Raval
Issuer symbol
TRUP
Transactions as of
25 Nov 2023
Net transactions value
-$650
Form type
4
Filing time
28 Nov 2023, 19:36:52 UTC
Previous filing
15 Nov 2023
Next filing
27 Feb 2024
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 +75 +4.9% 1,612 25 Nov 2023 Direct F1
transaction TRUP Common Stock Tax liability $650 -24 -1.5% $27.07 1,588 25 Nov 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 -75 -17% $0.000000 377 25 Nov 2023 Common Stock 75 Direct F1, F3
* 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 On February 22, 2021, the reporting person was granted 1,205 restricted stock units (RSUs). The RSUs vested and converted into 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.