Kalpesh Raval - Feb 27, 2024 Form 4 Insider Report for TRUPANION, INC. (TRUP)

Role
General Manager
Signature
/s/ Lauren Welsh as attorney-in-fact for Kalpesh Raval
Stock symbol
TRUP
Transactions as of
Feb 27, 2024
Transactions value $
-$7,336
Form type
4
Date filed
2/29/2024, 06:35 PM
Previous filing
Feb 27, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRUP Common Stock Options Exercise +721 +44.02% 2.36K Feb 27, 2024 Direct F1
transaction TRUP Common Stock Tax liability -$7.34K -269 -11.4% $27.27 2.09K Feb 27, 2024 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) Award $0 +2.61K $0.00 2.61K Feb 27, 2024 Common Stock 2.61K Direct F1, F3
transaction TRUP Restricted Stock Unit (RSU) Award $0 +721 $0.00 721 Feb 27, 2024 Common Stock 721 Direct F1, F4
transaction TRUP Restricted Stock Unit (RSU) Options Exercise $0 -721 -100% $0.00* 0 Feb 27, 2024 Common Stock 721 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 February 27, 2024, the reporting person was granted 2,608 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on February 25, 2025, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
F4 On February 27, 2024, the reporting person was granted 721 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.