TRUPANION, INC. — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION, INC. (TRUP)
CIK: 0001371285
Period of Report: 2021-02-25

Reporting Person: BEARMAN ASHER (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Stock	M	1220	—	Acquired	3088	Direct
2021-02-25	Common Stock	F	454	$94.72	Disposed	2634	Direct
2021-02-25	Common Stock	M	2080	—	Acquired	4714	Direct
2021-02-25	Common Stock	F	735	$94.72	Disposed	3979	Direct
2021-02-25	Common Stock	M	8686	—	Acquired	12665	Direct
2021-02-25	Common Stock	F	3358	$94.72	Disposed	9307	Direct
2021-02-25	Common Stock	S	7815	$96.512	Disposed	1492	Direct
2021-02-25	Common Stock	M	67162	$4.77	Acquired	68654	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-25	Restricted Stock Unit (RSU)	$	M	1220	Disposed	2022-02-25	Common Stock (1220.0)	Direct
2021-02-25	Restricted Stock Unit (RSU)	$	M	2080	Disposed	2023-02-25	Common Stock (2080.0)	Direct
2021-02-25	Restricted Stock Unit (RSU)	$	M	8686	Disposed	2024-02-25	Common Stock (8686.0)	Direct
2021-02-25	Stock Option (right to buy)	$4.77	M	67162	Disposed	2023-08-02	Common Stock (67162.0)	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 stockunits, and does not represent a sale by the reporting person.

F3: Sale was made to cover tax obligations.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.29 to $97.21 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 (4).

F5: 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.

F6: 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.

F7: The RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2021, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.

F8: This stock option grant is fully vested.