Asher Bearman, Trupanion (TRUP) Chief Legal Officer, details equity holdings

Rhea-AI Filing Summary

Trupanion, Inc. reported the initial share ownership of its new Section 16 officer and Chief Legal Officer, Asher Bearman, effective February 4, 2026. Bearman beneficially owns 69,272 shares of common stock directly, a stock option for 4,397 shares at $17.97 per share, and several restricted stock unit awards that each convert into common stock on a one-for-one basis and vest over time.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

BEARMAN ASHER

(Last) (First) (Middle)

C/O TRUPANION, INC.

6100 4TH AVENUE S, SUITE 200

(Street)

SEATTLE WA 98108

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/04/2026

3. Issuer Name and Ticker or Trading Symbol
TRUPANION, INC. [ TRUP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	69,272	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	05/04/2027	Common Stock	4,397	$17.97	D
Restricted Stock Unit (RSU)	(2)	(2)	Common Stock	180	(3)	D
Restricted Stock Unit (RSU)	(4)	(4)	Common Stock	875	(3)	D
Restricted Stock Unit (RSU)	(5)	(5)	Common Stock	973	(3)	D
Restricted Stock Unit (RSU)	(6)	(6)	Common Stock	1,327	(3)	D
Restricted Stock Unit (RSU)	(7)	(7)	Common Stock	44	(3)	D
Restricted Stock Unit (RSU)	(8)	(8)	Common Stock	2,653	(3)	D

Explanation of Responses:

1. The option vests as to 25% of the total shares on May 4, 2018, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on May 4, 2021, subject to the reporting person's provision of service to the issuer on each vesting date.

2. On February 28, 2022, the Reporting Person was granted 2,881 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, 2023, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.

3. Restricted stock units convert into common stock on a one-for-one basis.

4. On August 14, 2023, the Reporting Person was granted 1,999 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 August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.

5. On February 27, 2024, the reporting person was granted 7,777 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares on May 22, 2024, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.

6. On February 27, 2025, the reporting person was granted 2,122 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares on May 22, 2025, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.

7. On February 27, 2025, the reporting person was granted 70 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares on May 22, 2025, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.

8. On August 15, 2025, the reporting person was granted 3,032 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares on November 22, 2025, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.

Remarks:

The issuer appointed the reporting person as a Section 16 Officer effective on February 4, 2026.

	/s/ Lauren Welsh as attorney-in-fact for Asher Bearman	02/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does Trupanion (TRUP) disclose in Asher Bearman’s Form 3 filing?

The Form 3 discloses Chief Legal Officer Asher Bearman’s initial beneficial ownership in Trupanion. It lists directly held common shares, a vested stock option, and several restricted stock unit awards that convert one-for-one into common stock according to specified vesting schedules tied to continued service.

How many Trupanion (TRUP) common shares does Asher Bearman beneficially own?

The filing shows Asher Bearman directly beneficially owns 69,272 shares of Trupanion common stock. This figure represents his non-derivative holdings as of the event date in the filing and is separate from his derivative positions such as stock options and restricted stock units.

What stock option does Asher Bearman hold in Trupanion (TRUP)?

Asher Bearman holds a stock option covering 4,397 shares of Trupanion common stock with an exercise price of $17.97 per share. The option is fully vested and exercisable, reflecting prior vesting that completed on May 4, 2021, contingent on his continued service through the vesting dates.

What restricted stock units (RSUs) are reported for Asher Bearman at Trupanion (TRUP)?

The Form 3 lists several RSU awards for Asher Bearman, with current balances including 180, 875, 973, 1,327, 44 and 2,653 units. Each RSU converts into one share of common stock and vests under distinct quarterly or annual schedules conditioned on continued service.

When was Asher Bearman designated a Section 16 officer at Trupanion (TRUP)?

The filing notes that Trupanion appointed Asher Bearman as a Section 16 officer effective February 4, 2026. This designation subjects him to specific reporting requirements for his equity holdings and transactions, including the initial Form 3 and any subsequent Forms 4 or 5.

What is Asher Bearman’s role at Trupanion (TRUP) according to the Form 3?

According to the Form 3, Asher Bearman serves as an officer of Trupanion with the title Chief Legal Officer. This senior executive role explains his status as a Section 16 reporting person, requiring disclosure of his ownership in Trupanion’s common stock and equity-based awards.