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Director Rubin awarded 1,686 RSUs at Trupanion (TRUP) for board service

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TRUPANION, INC. director Howard E. Rubin received equity compensation in the form of restricted stock units. On May 11, 2026, he was granted three separate awards of 562 RSUs each, for a total of 1,686 RSUs, in connection with his service on the boards of wholly-owned subsidiaries.

The RSUs convert into Trupanion common stock on a one-for-one basis. They vest in four equal installments, with one quarter of the total shares vesting on each of August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, provided Rubin continues his service through each vesting date.

Positive

  • None.

Negative

  • None.
Insider RUBIN HOWARD E
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit (RSU) 562 $0.00 --
Grant/Award Restricted Stock Unit (RSU) 562 $0.00 --
Grant/Award Restricted Stock Unit (RSU) 562 $0.00 --
Holdings After Transaction: Restricted Stock Unit (RSU) — 562 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. On May 11, 2026, the reporting person received three separate grants of 562 RSUs each in connection with his service on the board of directors of wholly-owned subsidiaries of the Issuer. 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.
RSUs per grant 562 RSUs Each of three grants on May 11, 2026
Total RSUs granted 1,686 RSUs Three grants of 562 RSUs each on May 11, 2026
Grant price per RSU $0.00 per unit Equity award compensation, not open-market purchase
First vesting date August 22, 2026 First 1/4 of total RSUs vest
Final vesting date May 22, 2027 Last 1/4 of total RSUs vest
Conversion ratio 1 RSU : 1 share RSUs convert into Trupanion common stock
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.
board of directors financial
"grants of 562 RSUs each in connection with his service on the board of directors of wholly-owned subsidiaries"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
wholly-owned subsidiaries financial
"service on the board of directors of wholly-owned subsidiaries of the Issuer."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
RUBIN HOWARD E
(Last)(First)(Middle)
C/O TRUPANION, INC.
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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit (RSU)(1)05/11/2026A562 (2)05/22/2027(2)Common Stock562$0562D
Restricted Stock Unit (RSU)(1)05/11/2026A562 (2)05/22/2027(2)Common Stock562$0562D
Restricted Stock Unit (RSU)(1)05/11/2026A562 (2)05/22/2027(2)Common Stock562$0562D
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 received three separate grants of 562 RSUs each in connection with his service on the board of directors of wholly-owned subsidiaries of the Issuer. 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 Howard E. Rubin05/13/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Trupanion (TRUP) director Howard E. Rubin report in this Form 4?

Howard E. Rubin reported receiving equity compensation grants of restricted stock units. On May 11, 2026, he was awarded three separate grants of 562 RSUs each, tied to his service on the boards of Trupanion’s wholly-owned subsidiaries.

How many restricted stock units did Howard E. Rubin receive from Trupanion (TRUP)?

Rubin received a total of 1,686 restricted stock units. The Form 4 shows three separate awards of 562 RSUs each, all granted on May 11, 2026, as compensation related to his board service for Trupanion’s wholly-owned subsidiaries.

What is the vesting schedule for Howard E. Rubin’s Trupanion (TRUP) RSU awards?

The RSUs vest in four equal installments over time. One quarter of the total RSUs vests on each of August 22, 2026, November 22, 2026, February 22, 2027, and May 22, 2027, assuming Rubin remains in service through each vesting date.

How do Howard E. Rubin’s Trupanion (TRUP) RSUs convert into shares?

The restricted stock units convert into common stock of Trupanion on a one-for-one basis. As each portion of the RSUs vests on its scheduled date, the vested units become an equivalent number of Trupanion common shares credited to Rubin.

Were Howard E. Rubin’s Trupanion (TRUP) RSUs an open-market purchase or a grant?

They were reported as grants, not open-market purchases. The Form 4 uses transaction code “A,” indicating a grant or award acquisition, with a price of $0.00 per unit, consistent with stock-based compensation for board service.