Trupanion CFO gets 35,482 RSUs, withholds shares for tax
Trupanion, Inc. Chief Financial Officer Fawwad Qureshi reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock.
Rhea-AI Filing Summary
Trupanion, Inc. Chief Financial Officer Fawwad Qureshi reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock. On February 20, 2026, he was granted 35,482 RSUs that vest as to 1/8 of the total on May 22, 2026, then 1/8 quarterly, subject to continued service.
On February 22, 2026, several RSU awards vested and converted into common stock on a one-for-one basis, resulting in acquisitions of common shares at a price of $0.00 per share through derivative exercises. The filing also shows dispositions of 270, 1,467, and 92 common shares at $27.16 per share to satisfy tax withholding obligations in connection with those vestings, which the footnotes state do not represent sales by Qureshi in the open market.
Positive
- None.
Negative
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Insider Trade Summary
6,474 shares exercised/converted
Exercise
10 txns
Insider
Qureshi Fawwad
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 913 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 5,248 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 313 | $0.00 | $0.00 |
| Exercise | Common Stock | 913 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 270 | $27.16 | $7K |
| Exercise | Common Stock | 5,248 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,467 | $27.16 | $40K |
| Exercise | Common Stock | 313 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 92 | $27.16 | $2K |
| Grant/Award | Restricted Stock Unit (RSU) | 35,482 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 58,972 contracts (Direct);
Common Stock — 4,645 shares (Direct)
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 20, 2026, the reporting person was granted 35,482 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.
- F4. On February 27, 2024, the reporting person was granted 7,304 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, 2024, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.
- F5. On February 27, 2025, the reporting person was granted 41,980 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.
- F6. 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 25, 2025, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
FAQ
What insider transactions did TRUP CFO Fawwad Qureshi report on this Form 4?
Fawwad Qureshi reported RSU grants, vesting, and related common stock transactions. He received 35,482 new RSUs and had several existing RSUs convert into common stock, with a portion of the resulting shares withheld to cover tax obligations.
How many restricted stock units were granted to TRUP CFO Fawwad Qureshi?
He was granted 35,482 restricted stock units. According to the filing, these RSUs vest 1/8 on May 22, 2026, with additional 1/8 portions vesting quarterly thereafter, contingent on his continued service with Trupanion through each vesting date.
What is the vesting schedule for Fawwad Qureshi’s new 35,482 TRUP RSUs?
The 35,482 RSUs vest 1/8 on May 22, 2026, then 1/8 quarterly. Each vested RSU converts into one share of Trupanion common stock, provided Qureshi remains in service with the company through each scheduled vesting date.
Were any of Fawwad Qureshi’s TRUP transactions open market sales?
The filing describes dispositions coded “F” as tax withholding, not open market sales. Shares were withheld by Trupanion to satisfy income tax obligations triggered by RSU vesting, as explicitly stated in the explanatory footnote.
How do Fawwad Qureshi’s RSUs convert into TRUP common stock?
Each restricted stock unit converts into one share of Trupanion common stock. This one-for-one conversion occurs as RSUs vest according to their individual schedules, provided Qureshi continues his service through the applicable vesting dates.
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