Trupanion director converts 313 RSUs into shares
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Form Type
4
Rhea-AI Filing Summary
TRUPANION, INC. (TRUP) director Darryl Rawlings reported an automatic conversion of 313 Restricted Stock Units (RSUs) into 313 shares of common stock on 2026-08-22. Following the transactions, he holds 1,875 RSUs and 25,151 common shares directly. The RSUs were part of a 5,000-unit grant awarded on 2024-02-27 that vests as to one-quarter on 2025-02-22 and then one-sixteenth of the total grant quarterly, subject to continued service through each vesting date.
Insider Trade Summary
313 shares exercised/converted
Exercise
2 txns
Insider
RAWLINGS DARRYL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) F1, F2 | 313 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 313 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 1,875 contracts (Direct);
Common Stock — 25,151 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On February 27, 2024, the reporting person was granted 5,000 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 22, 2025, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
Key Figures
RSUs converted: 313 RSUs
Common shares acquired from RSU conversion: 313 shares
RSUs beneficially owned after transaction: 1,875 RSUs
+2 more
5 metrics
RSUs converted
313 RSUs
Restricted Stock Units converted into common stock on 2026-08-22
Common shares acquired from RSU conversion
313 shares
Common stock received upon RSU conversion on 2026-08-22
RSUs beneficially owned after transaction
1,875 RSUs
Derivative holdings reported following the 2026-08-22 transactions
Common shares beneficially owned after transaction
25,151 shares
Direct non-derivative holdings after the 2026-08-22 RSU conversion
Original RSU grant size
5,000 RSUs
Grant made on 2024-02-27 to Darryl Rawlings
Key Terms
Restricted Stock Unit (RSU), Exercise or conversion of derivative security, beneficially owned, vest
4 terms
Restricted Stock Unit (RSU) financial
"Restricted Stock Unit (RSU) converts into common stock on a one-for-one basis"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
beneficially owned financial
"total_shares_following_transaction reported as shares beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
vest financial
"The RSUs vest and convert into common stock of the Issuer"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TRUP director Darryl Rawlings report on this Form 4 for TRUP?
He reported the conversion of 313 RSUs into 313 common shares of TRUPANION, INC. on 2026-08-22. This reflects an exercise or conversion of a derivative award rather than an open-market purchase or sale.
How many TRUP RSUs does Darryl Rawlings retain after this Form 4 transaction?
Following the reported exercise, he holds 1,875 Restricted Stock Units (RSUs). These remaining RSUs continue to represent a right to receive an equivalent number of TRUP common shares as they vest.
What are the vesting terms of the 5,000 TRUP RSUs granted to Darryl Rawlings?
The 5,000 RSUs granted on 2024-02-27 vest and convert into common stock as to 1/4 of the total on 2025-02-22, then 1/16 of the total shares quarterly thereafter, subject to continued service through each vest date.
Was the 2026-08-22 TRUP transaction an open-market buy or sell?
No. The filing characterizes it as an exercise or conversion of a derivative security (RSUs) into common stock. The coded data do not show any open-market purchase or sale, only the RSU conversion and related share accounting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
