Trupanion (TRUP) director exercises RSUs for 420 shares
Rhea-AI Filing Summary
TRUPANION, INC. (TRUP) director Howard E. Rubin reported equity-compensation activity involving restricted stock units and common stock. On August 22, 2026, three blocks of 140 RSUs each, covering 140 shares of common stock per block, were reported as derivative dispositions, while corresponding three acquisitions of 140 common shares each were reported as exercises/conversions. Footnotes state the RSUs convert into common stock on a one-for-one basis and vest in quarterly installments through May 22, 2027, in connection with Rubin’s service on boards of wholly owned subsidiaries.
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Insider Trade Summary
Net Buyer: 420 shares
Net Buy
6 txns
Insider
RUBIN HOWARD E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) F1, F2 | 140 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit (RSU) F1, F2 | 140 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit (RSU) F1, F2 | 140 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 140 | -- | -- |
| Exercise | Common Stock F1 | 140 | -- | -- |
| Exercise | Common Stock F1 | 140 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 1,266 shares (Direct);
Common Stock — 233,288 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On May 11, 2026, the reporting person received three separate grants of 562 RSUs each in connection with his service on the board of directors of wholly-owned subsidiaries of the Issuer. The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on each of August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, subject to continued service through each vest date.
Key Figures
RSUs per derivative transaction: 140 RSUs
Common shares acquired per exercise: 140 shares
Total RSU grants described: 562 RSUs per grant
+2 more
5 metrics
RSUs per derivative transaction
140 RSUs
Each of the three RSU derivative entries reported on August 22, 2026
Common shares acquired per exercise
140 shares
Each of the three common stock acquisitions (code M) on August 22, 2026
Total RSU grants described
562 RSUs per grant
Three separate RSU grants of 562 units each received on May 11, 2026
RSU vesting schedule dates
August 22, 2026; November 22, 2026; February 22, 2027; May 22, 2027
Four vesting and conversion dates for the RSU grants, subject to continued service
RSU expiration date in transactions
May 22, 2027
Expiration date listed for the RSU derivative securities reported
Key Terms
Restricted Stock Unit (RSU), derivative security, Exercise or conversion of derivative security, vest
4 terms
Restricted Stock Unit (RSU) financial
"security_title: "Restricted Stock Unit (RSU)""
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
"transaction_type": "derivative" for the RSU entries"
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
vest financial
"The RSUs vest and convert into common stock of the Issuer as to 1/4th"
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.
FAQ
What insider transactions did TRUP director Howard E. Rubin report on August 22, 2026 for TRUP?
Howard E. Rubin reported three derivative transactions involving 140 RSUs each and three non-derivative acquisitions of 140 shares of common stock each on August 22, 2026, reflecting equity compensation linked to his board service for TRUP’s wholly owned subsidiaries.
How many Trupanion (TRUP) restricted stock units were involved in Howard Rubin’s Form 4?
The Form 4 reports three RSU entries, each for 140 restricted stock units, with each RSU entry tied to 140 underlying shares of TRUP common stock, for a total of 420 RSUs reported in these transactions.
What is the conversion ratio of TRUP RSUs to common stock in Howard Rubin’s awards?
The footnotes state that the restricted stock units convert into TRUP common stock on a one-for-one basis. Each vested RSU converts into one share of TRUP common stock when it vests and is settled.
How do Howard Rubin’s TRUP RSUs vest over time?
The filing explains that Rubin received three separate grants of 562 RSUs each on May 11, 2026. These RSUs vest and convert into TRUP common stock in four equal installments on August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, subject to continued service.
Were Howard Rubin’s TRUP RSU and stock transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as a 10b5-1 plan (aff_10b5_one is false), and the footnotes do not describe these as trades under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
