Trupanion director granted 3,281 RSUs

Trupanion director Elizabeth McLaughlin received a new equity award in the form of restricted stock units.

Rhea-AI Filing Summary

Trupanion director Elizabeth McLaughlin received a new equity award in the form of restricted stock units. On May 11, 2026, she was granted 3,281 RSUs, each convertible into one share of Trupanion common stock.

The RSUs vest in four equal installments, with one-quarter of the units converting into common stock on each of August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, as long as she continues to serve through each vesting date. She has elected deferred settlement so the award will not actually settle into shares until 60 days after her death, disability, or separation from service, or immediately if there is a change of control.

Insider Trade Summary

Grant/Award: 3,281 shares

Grant/Award 1 txn

Insider MCLAUGHLIN ELIZABETH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (RSU)	3,281	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit (RSU) — 3,281 contracts (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. On May 11, 2026 the reporting person was granted 3,281 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: 3,281 units Shares per RSU: 1 share per unit Post-transaction RSU holdings: 3,281 units +2 more

5 metrics

RSUs granted 3,281 units Restricted Stock Unit grant on May 11, 2026

Shares per RSU 1 share per unit RSUs convert into common stock on a one-for-one basis

Post-transaction RSU holdings 3,281 units Total RSUs held after the reported grant

First vesting date portion 1/4 of 3,281 units Vests August 22, 2026, subject to continued service

Final vesting date portion 1/4 of 3,281 units Vests May 22, 2027, subject to continued service

Key Terms

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

3 terms

Restricted Stock Unit (RSU) financial

"On May 11, 2026 the reporting person was granted 3,281 restricted stock units (RSUs)."

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Trupanion (TRUP) director Elizabeth McLaughlin report in this Form 4?

Elizabeth McLaughlin reported a grant of 3,281 restricted stock units. These RSUs represent equity-based compensation and will convert into common stock over time, subject to vesting and her continued service with Trupanion.

How many Trupanion (TRUP) RSUs were granted to Elizabeth McLaughlin?

She was granted 3,281 restricted stock units. Each RSU converts into one share of Trupanion common stock, providing potential future ownership tied to her ongoing service and the company’s performance.

What is the vesting schedule for Elizabeth McLaughlin’s Trupanion (TRUP) RSU grant?

The 3,281 RSUs vest in four equal parts. One-quarter vests on August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, contingent on her continued service through each vesting date.

Does Elizabeth McLaughlin’s Trupanion (TRUP) RSU award settle immediately upon vesting?

No, settlement is deferred. Although RSUs vest on scheduled dates, she elected deferred settlement so shares are issued 60 days after death, disability, separation from service, or immediately upon a change of control.

Are Elizabeth McLaughlin’s Trupanion (TRUP) RSUs granted at a purchase price?

The RSU grant has a stated price of $0.00 per unit. RSUs are a form of stock-based compensation, not an open-market purchase, and convert into common shares if vesting and settlement conditions are met.

How many Trupanion (TRUP) RSUs does Elizabeth McLaughlin hold after this grant?

Following this transaction, she holds 3,281 restricted stock units. These units represent potential future shares of Trupanion common stock, subject to the vesting schedule and deferred settlement terms disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/13/2026 - 09:21 PM EDT Learn about SEC filing dates

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^*

MCLAUGHLIN ELIZABETH

(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		3,281		(2)	(2)	Common Stock	3,281	$0	3,281	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 3,281 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 Elizabeth McLaughlin	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)