[Form 4] TRUPANION, INC. Insider Trading Activity

Rhea-AI Filing Summary

Trupanion, Inc. (TRUP) director reports new equity award. Director Bradley S. Powell reported a grant of 1,906 restricted stock units (RSUs), each convertible into one share of Trupanion common stock. The RSUs were granted on November 14, 2025 and are scheduled to vest in three equal installments on November 22, 2025, February 22, 2026, and May 22, 2026, subject to his continued service through each vesting date. Following this grant, he holds 1,906 derivative securities as a direct owner.

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

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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^*

POWELL BRADLEY S

(Last) (First) (Middle)

6100 4TH AVENUE SOUTH

SUITE 200

(Street)

SEATTLE WA 98108

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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

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

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

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)	11/14/2025		A		1,906		(2)	05/22/2026(2)	Common Stock	1,906	$0	1,906	D

Explanation of Responses:

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

2. On November 14, 2025, the Reporting Person was granted 1,906 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/3rd of the total shares on November 22, 2025, February 22, 2026, and May 22, 2026, subject to continued service through each vest date.

Remarks:

	/s/ Christina Poler as attorney-in-fact for Bradley S. Powell	11/18/2025
	** 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.

FAQ

What did Trupanion (TRUP) disclose in this Form 4 filing?

The filing reports that director Bradley S. Powell received a grant of 1,906 restricted stock units (RSUs) that are tied to Trupanion common stock.

How many Trupanion (TRUP) RSUs were granted to Bradley S. Powell?

Bradley S. Powell was granted 1,906 restricted stock units (RSUs), each of which converts into one share of Trupanion common stock.

What is the vesting schedule for Bradley S. Powell’s Trupanion RSUs?

The 1,906 RSUs vest in three equal installments, with 1/3 of the total shares scheduled to vest on November 22, 2025, February 22, 2026, and May 22, 2026, subject to continued service.

How do Bradley S. Powell’s Trupanion RSUs convert into shares?

The filing states that these restricted stock units convert into common stock on a one-for-one basis, meaning each RSU becomes one share of Trupanion common stock upon vesting.

What type of ownership does Bradley S. Powell report for these Trupanion RSUs?

The Form 4 indicates that the 1,906 RSUs are held as direct ownership by Bradley S. Powell.

When was the earliest transaction date reported in this Trupanion Form 4?

The earliest transaction date reported is November 14, 2025, which is the grant date of the 1,906 RSUs.