WEINRAUCH STEVE 4

What Happened
Steve Weinrauch, EVP, North America & Vet Strategy at Trupanion (TRUP), had restricted stock units (RSUs) convert into common stock on Feb 25, 2026 (total 925 shares: 531 + 41 + 353). Of those vested shares the issuer withheld 138 shares to cover tax withholding (129 + 9) valued at $26.70 each (total withheld value $3,684). Weinrauch also sold 85 shares in an open-market transaction at $26.70 per share, receiving $2,270. The filing shows the RSU derivatives were converted (M) and the withholding is reported under code F; the withheld shares are not treated as a sale by the reporting person per the issuer note.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely filing).
• Vesting/conversion: 925 RSUs converted to common stock (531, 41, 353).
• Tax withholding: 138 shares withheld to satisfy tax liability (129 + 9) at $26.70/share = $3,684 (reported as code F).
• Open-market sale: 85 shares sold at $26.70/share for proceeds of $2,270 (reported as code S).
• Shares retained from this vesting: 925 vested − 138 withheld − 85 sold = 702 shares remaining from this vesting event.
• Footnotes: RSUs convert 1:1 to common stock; filing notes the withholding is for tax remittance and not a sale by the reporting person. Grants and vesting schedules for the RSUs are described in the filing (grants from 2022, 2023, 2023 with staggered vesting).

Context

• Code meanings: M = conversion/exercise of derivative (RSU → common stock), F = tax withholding to satisfy liability, S = open-market sale.
• This was primarily a vesting/conversion event (an award converting to shares) with routine tax withholding and a small open-market sale. The withholding is a common cashless method to cover taxes and does not necessarily signal intent beyond tax liability management.