Trupanion COO vests 6,794 RSUs; shares withheld
Rhea-AI Filing Summary
TRUPANION, INC. (TRUP) reported Form 4 activity by Chief Operating Officer John R. Gallagher. On August 22 and 25, 2026, Gallagher exercised restricted stock units (RSUs) into common stock and had a portion of the resulting shares withheld by the issuer to cover income tax obligations. Footnotes state these withheld shares represent tax withholding and remittance, not market sales by Gallagher, and overall activity reflects RSU vesting rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,794 shares exercised/converted
Exercise
18 txns
Insider
GALLAGHER JOHN R
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) F1, F6 | 28 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F7 | 452 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F8 | 45 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 28 | -- | -- |
| Tax Withholding | Common Stock F2 | 6 | $31.84 | $191.04 |
| Exercise | Common Stock F1 | 452 | -- | -- |
| Tax Withholding | Common Stock F2 | 110 | $31.84 | $4K |
| Exercise | Common Stock F1 | 45 | -- | -- |
| Tax Withholding | Common Stock F2 | 10 | $31.84 | $318.40 |
| Exercise | Restricted Stock Unit (RSU) F1, F3 | 865 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F4 | 3,328 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F5 | 2,076 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 865 | -- | -- |
| Tax Withholding | Common Stock F2 | 210 | $31.76 | $7K |
| Exercise | Common Stock F1 | 3,328 | -- | -- |
| Tax Withholding | Common Stock F2 | 810 | $31.76 | $26K |
| Exercise | Common Stock F1 | 2,076 | -- | -- |
| Tax Withholding | Common Stock F2 | 505 | $31.76 | $16K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 28,969 contracts (Direct);
Common Stock — 37,346 shares (Direct)
Footnotes (8)
- 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 November 12, 2024, the reporting person was granted 13,838 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on November 22, 2025, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F4. On February 27, 2025, the reporting person was granted 26,619 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.
- F5. On February 20, 2026, the reporting person was granted 16,609 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.
- F6. On May 15, 2023, the reporting person was granted 460 restricted stock units (RSUs). The RSUs vested and converted into common stock of the Issuer as to 1/4th of the total shares on May 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F7. On August 14, 2023, the reporting person was granted 7,223 restricted stock units (RSUs). The RSUs vest and convert into 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.
- F8. On August 14, 2023, the reporting person was granted 721 restricted stock units (RSUs). The RSUs vest and convert into 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
RSU exercises: 6,794 shares
Shares withheld for tax: 1,651 shares
Tax withholding price: $31.76 per share
+4 more
7 metrics
RSU exercises
6,794 shares
Total shares involved in RSU exercises/conversions (code M) in this filing
Shares withheld for tax
1,651 shares
Total shares delivered or withheld to satisfy tax obligations (code F)
Tax withholding price
$31.76 per share
Price for certain common stock tax-withholding transactions on August 22, 2026
Tax withholding price
$31.84 per share
Price for certain common stock tax-withholding transactions on August 25, 2026
RSUs exercised 2026-08-22
865; 3,328; 2,076 shares
Three RSU tranches converting into common stock on August 22, 2026
RSUs exercised 2026-08-25
28; 452; 45 shares
Three RSU tranches converting into common stock on August 25, 2026
RSU grant sizes
13,838; 26,619; 16,609; 7,223; 721; 460 RSUs
Original RSU grants referenced in vesting footnotes F3–F8
Key Terms
Restricted stock units (RSUs), vest and convert into common stock, income tax withholding and remittance obligations, Form 4
4 terms
Restricted stock units (RSUs) financial
"On November 12, 2024, the reporting person was granted 13,838 restricted stock units (RSUs)."
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.
vest and convert into common stock financial
"The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares"
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 obligations"
Form 4 regulatory
"This Form 4 discloses the shares of common stock that have been withheld"
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.
FAQ
What did TRUP COO John R. Gallagher report on this Form 4 for TRUP?
Gallagher reported RSU vesting and conversion into TRUP common stock on August 22 and 25, 2026, with corresponding shares withheld by the issuer to satisfy income tax withholding and remittance obligations. The filing reflects equity compensation events, not open-market purchases or sales.
How many TRUP restricted stock units did Gallagher exercise in this Form 4?
The filing summary shows 6,794 shares involved in RSU exercises or conversions (code M). These RSUs converted into TRUP common stock as they vested under previously granted awards, consistent with the vesting schedules described in the footnotes.
Does this TRUP Form 4 indicate net buying or selling by Gallagher?
The transaction summary shows acquisitions and dispositions related to RSU vesting and tax withholding, with netBuySellShares reported as 0. This indicates no net open-market buy or sell position change from the reported transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
