[144] TRUPANION, INC. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Trupanion, Inc. (TRUP) reporting a proposed sale of common stock. The filing lists 8,961 shares scheduled for sale on 09/25/2025 through Morgan Stanley Smith Barney LLC, with an aggregate market value of $375,317.93. The filing discloses the acquisition history for those shares: restricted stock grants on 08/25/2021 (1,317 shares) and 02/25/2022 (1,644 shares), and a stock option exercise on 09/25/2025 for 6,000 shares paid in cash. No securities were reported sold in the past three months. The filer affirms no undisclosed material nonpublic information.

Insights

Securities Analyst

TL;DR Routine insider notice of intent to sell a small block of common stock through a broker.

The Form 144 documents an insider or affiliate's planned sale of 8,961 common shares via Morgan Stanley Smith Barney LLC with an indicated aggregate market value of $375,317.93. The schedule reconciles the lots being sold to prior restricted stock grants and a contemporaneous option exercise paid in cash. There are no reported sales in the prior three months and the filer affirms absence of undisclosed material information. This filing by itself is procedural and provides transparency about an intended disposition but does not disclose material operational or financial developments.

Corporate Governance Expert

TL;DR Disclosure complies with Rule 144; no new governance issues disclosed.

The notice fulfills Rule 144 reporting by identifying the broker, share counts, acquisition dates, and payment method for the shares to be sold. It specifies that some shares originate from restricted stock grants and some from a stock option exercise. The signer attests to lack of material nonpublic information, which is standard. The filing does not indicate any governance changes, departures, or enforcement actions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	8961	375317.93	42994675	09/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/25/2022	Restricted Stock	ISSUER			1644	02/25/2022	Not Applicable
Common	08/25/2021	Restricted Stock	ISSUER			1317	08/25/2021	Not Applicable
Common	09/25/2025	Stock Option Exercise	ISSUER			6000	09/25/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the TRUP Form 144 report?

The filing reports a proposed sale of 8,961 common shares of Trupanion through Morgan Stanley Smith Barney LLC with an aggregate market value of $375,317.93 scheduled for 09/25/2025.

How were the shares to be sold acquired?

The shares trace to restricted stock grants on 08/25/2021 (1,317 shares) and 02/25/2022 (1,644 shares) and a stock option exercise on 09/25/2025 (6,000 shares) paid in cash.

Did the filer sell any TRUP securities in the past three months?

No. The Form 144 indicates "Nothing to Report" for securities sold during the past three months.

Which broker will handle the sale?

The sale is to be executed through Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY.

Does the filing indicate undisclosed material information?

The filer represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.