TRUPANION, INC. — Director's Dealing 2020

May 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION, INC. (TRUP)
CIK: 0001371285
Period of Report: 2020-05-22

Reporting Person: PLOUF TRICIA (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-22	Common Stock	S	7044	$31	Disposed	5656	Direct
2020-05-25	Common Stock	M	1219	—	Acquired	6875	Direct
2020-05-25	Common Stock	F	296	$33.21	Disposed	6579	Direct
2020-05-25	Common Stock	M	1782	—	Acquired	8361	Direct
2020-05-25	Common Stock	F	433	$33.21	Disposed	7928	Direct
2020-05-26	Common Stock	S	956	$33.0291	Disposed	6972	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-25	Restricted Stock Unit (RSU)	$	M	1219	Disposed	2022-02-25	Common Stock (1219.0)	Direct
2020-05-25	Restricted Stock Unit (RSU)	$	M	1782	Disposed	2023-02-25	Common Stock (1782.0)	Direct

Footnotes

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 $33.00 to $33.09 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: The RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2019, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.

F5: The RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2020, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.