Trupanion director granted 6,563 RSUs

TRUPANION, INC. director Bradley S. Powell reported a grant of 6,563 restricted stock units (RSUs) linked to the company’s common stock.

Rhea-AI Filing Summary

TRUPANION, INC. director Bradley S. Powell reported a grant of 6,563 restricted stock units (RSUs) linked to the company’s common stock. These RSUs were awarded at no cash cost to Powell and convert into common shares on a one-for-one basis as they vest.

The RSUs vest in four equal installments: one‑quarter of the award on each of August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, subject to Powell’s continued service through each vesting date. After this grant, Powell’s reported RSU holdings from this award total 6,563 units.

Insider Trade Summary

Grant/Award: 6,563 shares

Grant/Award 1 txn

Insider POWELL BRADLEY S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (RSU)	6,563	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit (RSU) — 6,563 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 6,563 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.

Key Figures

RSUs granted: 6,563 units Vesting schedule start: August 22, 2026 Final vesting date: May 22, 2027 +1 more

4 metrics

RSUs granted 6,563 units Restricted stock unit award to Bradley S. Powell

Vesting schedule start August 22, 2026 First 1/4 of RSUs vest

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

Conversion ratio 1 RSU : 1 share RSUs convert into common stock on a one-for-one basis

Key Terms

Restricted Stock Unit (RSU), vest, common stock, grant, award, or other acquisition

4 terms

Restricted Stock Unit (RSU) financial

"Restricted stock units convert 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.

vest financial

"The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on each 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.

common stock financial

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

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What insider transaction did TRUP director Bradley S. Powell report?

Bradley S. Powell reported receiving a grant of 6,563 restricted stock units. These RSUs represent a stock-based compensation award that will convert into Trupanion common shares as they vest over time, rather than an open-market purchase or sale of existing shares.

How many TRUP restricted stock units did Bradley S. Powell receive?

Powell received 6,563 restricted stock units (RSUs). Each RSU is designed to convert into one share of Trupanion common stock upon vesting, creating potential future share ownership that depends on continued service and the specific vesting schedule described in the award.

What is the vesting schedule for Bradley S. Powell’s 6,563 TRUP RSUs?

The 6,563 RSUs vest in four equal installments. One-quarter of the units vest on each of August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, provided Powell continues to serve through each scheduled vesting date.

Do Bradley S. Powell’s TRUP RSUs convert directly into common stock?

Yes. The filing states that restricted stock units convert into common stock on a one-for-one basis. That means each vested RSU becomes one share of Trupanion common stock, aligning the compensation award directly with the company’s equity over the vesting period.

Was Bradley S. Powell’s Form 4 transaction a stock sale or purchase of TRUP shares?

The Form 4 reflects a grant of RSUs, not a market sale or purchase. The transaction is coded as a grant or award acquisition, meaning Powell received stock-based compensation that may convert into common shares over time, rather than trading existing shares on the open market.

What ownership position does Bradley S. Powell report after the TRUP RSU grant?

After the transaction, Powell reports 6,563 RSUs from this award. These units are held directly and represent a right to receive Trupanion common stock as they vest, subject to the stated schedule and his continued service with the company through the vesting dates.

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

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Accepted by SEC EDGAR 05/13/2026 - 09:02 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^*

POWELL BRADLEY S

(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		6,563		(2)	05/22/2027(2)	Common Stock	6,563	$0	6,563	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 6,563 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.

Remarks:

	/s/ Lauren Welsh as attorney-in-fact for Bradley S. Powell	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)