Felix Holdings holds 9.89% stake in Trupanion (TRUP)

Rhea-AI Filing Summary

Trupanion, Inc. reports that Felix Holdings beneficially owns 4,296,538 shares of common stock, representing 9.89% of the class. The filing cites 43,430,169 shares outstanding as of 02/06/2026 per the company's Annual Report on Form 10-K filed 02/13/2026. The filing is signed by Gerhard Kotze on 02/24/2026.

Insights

Institutional Ownership Analyst

Felix Holdings holds a near-10% stake in Trupanion, disclosed via Schedule 13G.

Felix Holdings reports beneficial ownership of 4,296,538 shares, equal to 9.89% of common stock based on 02/06/2026 outstanding shares. The stake is reported on a Schedule 13G, which typically reflects a passive investment posture.

Key dependencies include any future amendments or a shift to Schedule 13D if the holder becomes active. Subsequent filings would clarify changes in ownership or intentions; timing not provided in the excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TRUPANION, INC

(Name of Issuer)

Common Stock, $0.00001 par value per share

(Title of Class of Securities)

898202106

(CUSIP Number)

02/17/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 898202106

1

Names of Reporting Persons

FELIX HOLDINGS BV

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NETHERLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,296,538.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,296,538.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,296,538.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.89 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: * Based on the 43,430,169 shares of Common Stock of the issuer (the "Common Stock") outstanding as of February 6, 2026, as reported in the issuer's Annual Report on Form 10-K for the period ended December 31, 2025, filed with the Securities and Exchange Commission on February 13, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TRUPANION, INC
(b)	Address of issuer's principal executive offices: 6100 4th Avenue South, Suite 200, Seattle, WA 98108
Item 2.
(a)	Name of person filing: FELIX HOLDINGS BV
(b)	Address or principal business office or, if none, residence: Sint Bernardusstraat 25 6211 HK Maastricht The Netherlands
(c)	Citizenship: The Netherlands
(d)	Title of class of securities: Common Stock, $0.00001 par value per share
(e)	CUSIP No.: 898202106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,296,538
(b)	Percent of class: 9.89%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,296,538
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,296,538
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FELIX HOLDINGS BV

Signature:	/s/ Gerhard Kotze
Name/Title:	Gerhard Kotze/Director
Date:	02/24/2026

FAQ

How many shares of TRUP does Felix Holdings own?

Felix Holdings beneficially owns 4,296,538 shares of Trupanion common stock. This ownership is reported on a Schedule 13G signed by Gerhard Kotze on 02/24/2026.

What percentage of TRUP is represented by Felix Holdings' stake?

Felix Holdings owns 9.89% of Trupanion's common stock. The percentage is calculated using 43,430,169 shares outstanding reported as of 02/06/2026 in the company's 10-K.

Does this Schedule 13G indicate an active takeover intent for TRUP?

The Schedule 13G filing typically indicates passive investment rather than active control. The excerpt shows ownership disclosure only; it does not state any activist intentions or plans to change governance.

When was the outstanding share count used to calculate the percentage disclosed?

The outstanding share count of 43,430,169 is cited as of 02/06/2026 and referenced from Trupanion's Annual Report on Form 10-K filed on 02/13/2026, which the Schedule 13G uses to compute 9.89%.

Who signed the Schedule 13G for Felix Holdings and when?

The Schedule 13G was signed by Gerhard Kotze in his capacity as Director on 02/24/2026, certifying the ownership disclosure for Felix Holdings.