[Form 4] TRUPANION, INC. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trupanion, Inc. Chief Legal Officer Asher Bearman reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 22, 2026 and May 25, 2026, RSUs converted into common stock and the company withheld shares to cover income tax obligations.
Across these transactions, Bearman acquired 2,609 shares of common stock through RSU vesting and 844 shares were withheld by the issuer to satisfy tax withholding and remittance obligations, which the filing notes does not represent a sale by the reporting person. Following the latest transaction, Bearman directly owns 72,244 shares of Trupanion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,609 shares exercised/converted
Mixed
15 txns
Insider
BEARMAN ASHER
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 125 | $0.00 | -- |
| Exercise | Common Stock | 125 | $0.00 | -- |
| Tax Withholding | Common Stock | 40 | $21.86 | $874.40 |
| Exercise | Restricted Stock Unit (RSU) | 265 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 8 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 379 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 1,832 | $0.00 | -- |
| Exercise | Common Stock | 265 | $0.00 | -- |
| Tax Withholding | Common Stock | 85 | $21.98 | $2K |
| Exercise | Common Stock | 8 | $0.00 | -- |
| Tax Withholding | Common Stock | 2 | $21.98 | $43.96 |
| Exercise | Common Stock | 379 | $0.00 | -- |
| Tax Withholding | Common Stock | 122 | $21.98 | $3K |
| Exercise | Common Stock | 1,832 | $0.00 | -- |
| Tax Withholding | Common Stock | 595 | $21.98 | $13K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 625 shares (Direct, null);
Common Stock — 72,284 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. On February 27, 2025, the reporting person was granted 2,122 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. On February 27, 2025, the reporting person was granted 70 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. On August 15, 2025, the reporting person was granted 3,032 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares on November 22, 2025, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date. On February 20, 2026, the reporting person was granted 14,656 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. On August 14, 2023, the Reporting Person was granted 1,999 restricted stock units (RSUs). The RSUs vest and will convert to common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
Key Figures
RSUs converted to common stock: 2,609 shares
Shares withheld for taxes: 844 shares
Post-transaction holdings: 72,244 shares
+4 more
7 metrics
RSUs converted to common stock
2,609 shares
Total derivative exercises reported in this Form 4
Shares withheld for taxes
844 shares
Used to satisfy income tax withholding obligations
Post-transaction holdings
72,244 shares
Common stock directly owned after May 25, 2026
Tax withholding price May 22
$21.98 per share
Price used for several F-code tax-withholding entries
Tax withholding price May 25
$21.86 per share
Price for 40-share F-code tax-withholding entry
Exercise transactions
5 entries
M-code derivative exercises converting RSUs into common stock
Tax-withholding transactions
5 entries
F-code dispositions for tax withholding and remittance
Key Terms
Restricted stock units, income tax withholding and remittance obligations, vest and convert into common stock, derivative security, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
income tax withholding and remittance obligations financial
"Shares of common stock were withheld to satisfy income tax withholding and remittance obligations."
vest and convert into common stock financial
"The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares."
derivative security financial
"Transaction code M reflects exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 regulatory
"This Form 4 discloses the shares of common stock that have been withheld by the issuer."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
