Trupanion (NASDAQ: TRUP) 10% owner’s RSUs vest as shares withheld for taxes
Rhea-AI Filing Summary
TRUPANION, INC. executive Simon Wheeler, EVP Trupanion International, reported routine equity compensation activity involving restricted stock units (RSUs) that convert into common stock on a one-for-one basis. On May 22 and May 25, 2026, RSUs vested and were exercised into a total of 2,169 shares of common stock through multiple transactions coded "M" for derivative exercises.
In connection with these vestings, 1,017 common shares coded "F" were withheld by the issuer at prices of $21.98 and $21.86 per share to satisfy income tax withholding and remittance obligations, which the filing explicitly states do not represent sales by Wheeler. After these transactions, Wheeler directly owned 24,239 shares of common stock, and still held RSU awards originally granted on August 14, 2023, February 27, 2024, February 27, 2025, and February 20, 2026 that continue to vest over time, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 321 | $0.00 | $0.00 |
| Exercise | Common Stock | 321 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 150 | $21.86 | $3K |
| Exercise | Restricted Stock Unit (RSU) | 527 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 384 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 937 | $0.00 | $0.00 |
| Exercise | Common Stock | 937 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 440 | $21.98 | $10K |
| Exercise | Common Stock | 527 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 247 | $21.98 | $5K |
| Exercise | Common Stock | 384 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 180 | $21.98 | $4K |
Footnotes (6)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. This Form 4 discloses the shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the restricted stock units, and does not represent a sale by the reporting person.
- F3. On February 27, 2025, the reporting person was granted 4,219 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.
- F4. On February 20, 2026, the reporting person was granted 3,079 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, 2026, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.
- F5. On February 27, 2024, the reporting person was granted 15,000 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on February 25, 2025, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F6. On August 14, 2023, the reporting person was granted 5,144 restricted stock units (RSUs). The RSUs vest and convert into 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.
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