Trupanion (TRUP) EVP exercises 1,526 RSUs and corrects prior Form 4
Rhea-AI Filing Summary
TRUPANION, INC. executive Simon Wheeler, EVP Trupanion International, exercised 1,526 restricted stock units into common stock on February 22, 2026 as part of his equity compensation. These RSUs came from a grant of 12,203 units awarded on February 27, 2024 that vests in eighths starting May 22, 2024 and then quarterly.
The amended Form 4 also corrects earlier clerical errors in reported derivative holdings for this RSU award, clarifying that 1,526 RSUs were beneficially owned as of November 25, 2025 and zero RSUs remained as of February 24, 2026. The filing reflects routine compensation-related vesting rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,526 shares exercised/converted
Exercise
1 txn
Insider
WHEELER SIMON
Role
EVP, Trupanion International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 1,526 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On February 27, 2024, the reporting person was granted 12,203 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.
- F3. This Form 4 is being filed to correct a clerical error in previously reported holdings of derivative securities for RSU dated 2/27/24 for 12,203 shares. In the Form 4 filed on November 25, 2025, the number of derivative securities beneficially owned following the reported transaction was incorrectly reported; the correct amount beneficially owned as of November 25, 2025 was 1,526. In addition, the Form 4 filed on February 24, 2026 incorrectly reported the number of derivative securities beneficially owned following the reported transaction; the correct amount beneficially owned as of February 24, 2026 was 0.
Key Figures
RSUs exercised: 1,526 units
RSU grant size: 12,203 units
Vesting schedule fraction: 1/8 per tranche
+4 more
7 metrics
RSUs exercised
1,526 units
Restricted stock units converted to common stock on February 22, 2026
RSU grant size
12,203 units
Restricted stock units granted on February 27, 2024
Vesting schedule fraction
1/8 per tranche
1/8 vests May 22, 2024, then 1/8 quarterly with continued service
Exercise price per share
$0.00/share
Conversion of RSUs to common stock
Beneficially owned RSUs
1,526 units
Correct amount beneficially owned as of November 25, 2025
Beneficially owned RSUs
0 units
Correct amount beneficially owned as of February 24, 2026
Derivative exercises
1 transaction; 1,526 shares
Transaction summary exerciseCount and exerciseShares
Key Terms
Restricted Stock Unit (RSU), derivative security, beneficially owned, vest
4 terms
Restricted Stock Unit (RSU) financial
"Restricted stock units convert into common stock on a one-for-one basis."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
derivative security financial
"clerical error in previously reported holdings of derivative securities for RSU dated 2/27/24"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficially owned financial
"the correct amount beneficially owned as of November 25, 2025 was 1,526"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
vest financial
"The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TRUP executive Simon Wheeler report in this Form 4/A?
Simon Wheeler reported exercising 1,526 restricted stock units into Trupanion common stock on February 22, 2026. This transaction reflects routine vesting of previously granted equity compensation rather than an open-market stock purchase or sale by the executive.
What was the size and structure of Simon Wheeler’s RSU grant at Trupanion (TRUP)?
Simon Wheeler received a grant of 12,203 restricted stock units on February 27, 2024. The RSUs vest as to one-eighth of the total on May 22, 2024, with additional one-eighth portions vesting quarterly thereafter, conditioned on continued service through each vesting date.
Why did Trupanion (TRUP) file an amended Form 4/A for Simon Wheeler?
The amended Form 4 was filed to correct clerical errors in previously reported derivative holdings for the February 27, 2024 RSU grant. It clarifies the correct RSU amounts beneficially owned as of November 25, 2025 and as of February 24, 2026 for that award.
How many Trupanion RSUs did Simon Wheeler still hold after the February 22, 2026 transaction?
After exercising 1,526 restricted stock units on February 22, 2026, the filing indicates zero derivative securities remaining for this particular RSU award. The derivative summary is empty, showing no additional unexercised RSUs from this grant in the reported holdings.