Trupanion (TRUP) director awarded 4,031 restricted stock units with deferred settlement

Rhea-AI Filing Summary

TRUPANION, INC. director Paulette R. Dodson received a grant of 4,031 restricted stock units (RSUs) on May 11, 2026 as equity compensation. These RSUs convert into common stock on a one-for-one basis.

The award vests in four equal installments, with one quarter of the RSUs scheduled to vest on each of August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, subject to continued service. Settlement is deferred until 60 days after Dodson’s death, disability, or separation from service, or immediately upon a change of control.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dodson Paulette R.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (RSU)	4,031	$0.00	--

Holdings After Transaction: Restricted Stock Unit (RSU) — 4,031 shares (Direct, null)

Footnotes (1)

1. Restricted stock units convert into common stock on a one-for-one basis. On May 11, 2026 the reporting person was granted 4,031 restricted stock units (RSUs). 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. The reporting person has made a deferred settlement election pursuant to which the award will not settle until 60 days after the reporting person's death, disability or separation from service, or immediately upon a change of control.

Key Figures

RSUs granted: 4,031 RSUs Post-grant RSU holdings: 4,031 RSUs Vesting installment size: 1,007.75 RSUs +2 more

5 metrics

RSUs granted 4,031 RSUs Grant to director on May 11, 2026

Post-grant RSU holdings 4,031 RSUs Total derivative securities following transaction

Vesting installment size 1,007.75 RSUs One quarter of 4,031 vesting on each scheduled date

First vesting date August 22, 2026 Initial 1/4 of RSUs vest

Final vesting date May 22, 2027 Last 1/4 of RSUs vest

Key Terms

Restricted Stock Unit (RSU), deferred settlement election, change of control, vest

4 terms

Restricted Stock Unit (RSU) financial

"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.

deferred settlement election financial

"The reporting person has made a deferred settlement election pursuant to which the award will not settle until 60 days after the reporting person's death, disability or separation from service, or immediately upon a change of control."

change of control financial

"or immediately upon a change of control."

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

vest financial

"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."

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dodson Paulette R.

(Last) (First) (Middle)

6100 4TH AVENUE SOUTH

SUITE 200

(Street)

SEATTLE WASHINGTON 98108

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit (RSU)	(1)	05/11/2026		A		4,031		(2)	(2)	Common Stock	4,031	$0	4,031	D

Explanation of Responses:

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

2. On May 11, 2026 the reporting person was granted 4,031 restricted stock units (RSUs). 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. The reporting person has made a deferred settlement election pursuant to which the award will not settle until 60 days after the reporting person's death, disability or separation from service, or immediately upon a change of control.

Remarks:

	/s/ Lauren Welsh as attorney-in-fact for Paulette Dodson	05/13/2026
	** 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 4 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TRUP director Paulette R. Dodson report on this Form 4 for TRUP?

Paulette R. Dodson reported receiving a grant of 4,031 restricted stock units. These RSUs are equity compensation, not an open-market stock purchase, and will convert into common shares over time as they vest according to the stated schedule.

How many TRUPANION (TRUP) restricted stock units were granted to Paulette R. Dodson?

Dodson was granted 4,031 restricted stock units tied to TRUPANION common stock. Each RSU represents the right to receive one share upon settlement, subject to the vesting terms and continued service requirements outlined in the award’s footnotes.

What is the vesting schedule for Paulette R. Dodson’s TRUP RSU grant?

The 4,031 RSUs vest in four equal installments. One quarter vests on August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, provided Dodson continues to serve through each applicable vesting date.

When will Paulette R. Dodson’s TRUP RSUs settle into common stock?

Dodson elected deferred settlement, so the award generally settles 60 days after her death, disability, or separation from service, or immediately upon a change of control, at which point vested RSUs convert into TRUPANION common shares.

Does the TRUP Form 4 show any open-market buying or selling by Paulette R. Dodson?

The Form 4 shows a grant of 4,031 RSUs coded as an acquisition under compensation, with no open-market purchases or sales. It reflects an equity award rather than trading activity in TRUPANION common stock.