Trupanion (NASDAQ: TRUP) CFO sells 6,111 shares
Rhea-AI Filing Summary
TRUPANION, INC. (TRUP) Chief Financial Officer Fawwad Qureshi reported multiple equity transactions. On 2026-08-26, he sold 6,111 shares of common stock in open-market or private transactions at a weighted average price of $30.01 per share. Around 2026-08-22 and 2026-08-25, a total of 13,746 restricted stock units (RSUs) converted into an equal number of common shares, while 5,486 shares were withheld by the issuer at prices around $31.76–$31.84 per share solely to satisfy income tax withholding and remittance obligations, which the company states do not represent sales by Qureshi.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
Qureshi Fawwad
Role
Chief Financial Officer
Sold
6,111 shs ($183K)
Approx. gross sale proceeds
$183K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 6,111 | $30.01 | $183K |
| Exercise | Restricted Stock Unit (RSU) F1, F7 | 3,750 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,750 | -- | -- |
| Tax Withholding | Common Stock F2 | 1,497 | $31.84 | $48K |
| Exercise | Restricted Stock Unit (RSU) F1, F4 | 313 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F5 | 5,248 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F6 | 4,435 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 313 | -- | -- |
| Tax Withholding | Common Stock F2 | 124 | $31.76 | $4K |
| Exercise | Common Stock F1 | 5,248 | -- | -- |
| Tax Withholding | Common Stock F2 | 2,095 | $31.76 | $67K |
| Exercise | Common Stock F1 | 4,435 | -- | -- |
| Tax Withholding | Common Stock F2 | 1,770 | $31.76 | $56K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 57,732 shares (Direct);
Common Stock — 4,230 shares (Direct)
Footnotes (7)
- 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.62 to $30.17 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3).
- F4. 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.
- 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 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.
- F7. On November 13, 2023, the reporting person was granted 60,000 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on 11/25/24, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
Key Figures
Shares sold: 6,111 shares of Common Stock
Weighted average sale price: $30.01 per share
RSUs converted: 13,746 RSUs
+5 more
8 metrics
Shares sold
6,111 shares of Common Stock
Open-market or private sale on 2026-08-26
Weighted average sale price
$30.01 per share
Sale of 6,111 shares on 2026-08-26, trades from $29.62 to $30.17
RSUs converted
13,746 RSUs
Total derivative exercises (M transactions) converting into common stock
Shares withheld for taxes
5,486 shares
Code F transactions for income tax withholding and remittance obligations
Tax withholding prices
$31.76–$31.84 per share
Issuer share withholding prices on 2026-08-22 and 2026-08-25
Net buy/sell shares
-6,111 shares
Net of reported buy versus sell transactions in this Form 4
RSU grant
60,000 RSUs
Grant on 2023-11-13, vesting 1/4 then 1/16 quarterly, subject to service
RSU grant
41,980 RSUs
Grant on 2025-02-27, vesting 1/8 initially then 1/8 quarterly, subject to service
Key Terms
Restricted stock units (RSUs), weighted average price, income tax withholding and remittance obligations, convert into common stock, +1 more
5 terms
Restricted stock units (RSUs) financial
"the reporting person was granted 5,000 restricted stock units (RSUs). The RSUs vest"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
income tax withholding and remittance obligations financial
"shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance"
convert into common stock financial
"Restricted stock units convert into common stock on a one-for-one basis."
vesting financial
"The RSUs vest and convert into common stock of the Issuer as to 1/4th"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did TRUP CFO Fawwad Qureshi report selling in this Form 4?
He reported selling 6,111 shares of Trupanion common stock on 2026-08-26 in open-market or private transactions at a $30.01 weighted average price per share, with individual trades ranging from $29.62 to $30.17 per share.
How many Trupanion (TRUP) RSUs vested and converted for the CFO?
A total of 13,746 restricted stock units converted into an equal number of Trupanion common shares through several RSU vesting and conversion events reported on 2026-08-22 and 2026-08-25.
Were the TRUP CFO’s transactions under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not checked, and the footnotes do not state that the reported transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
What RSU grant schedules are disclosed for the TRUP CFO?
Disclosed grants include 5,000 RSUs (granted 2024-02-27), 41,980 RSUs (2025-02-27), 35,482 RSUs (2026-02-20), and 60,000 RSUs (2023-11-13), each vesting over time in specified fractions subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
