Qureshi Fawwad 4

4 · TRUPANION, INC. · Filed Feb 27, 2026

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Updated Feb 28, 2026

Trupanion (TRUP) CFO Fawwad Qureshi Exercises RSUs, Sells Shares

What Happened

Trupanion CFO Fawwad Qureshi had restricted stock units (RSUs) convert into 3,750 shares on Feb 25, 2026, and concurrently sold 4,645 shares in the open market for total proceeds of $118,958 (weighted avg $25.61). In connection with the RSU vesting, 913 shares were withheld to satisfy tax withholding obligations (valued at $24,377). The filing shows the RSU conversion and the related withholding and sale transactions on the same date.

Key Details

Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely).
Open-market sale: 4,645 shares at a weighted average price of $25.61; total proceeds $118,958. Prices in the sale ranged $25.35–$25.89 (footnote).
RSU conversion: 3,750 shares acquired via conversion of RSUs (one-for-one conversion per footnote).
Tax withholding: 913 shares withheld to satisfy tax obligations, reported as a disposition valued at $24,377; issuer withholding does not represent a voluntary sale by the reporting person (footnote).
10b5-1 plan: The open-market sale was executed under a Rule 10b5-1 trading plan adopted May 19, 2025; reporting person had no timing discretion (footnote).
RSU grant context: The reporting person was granted 60,000 RSUs on Nov 13, 2023 with a multi-year vesting schedule (footnote).
Shares owned after transaction: not specified in the filing.

Context

These entries reflect RSU vesting (conversion into common shares), tax withholding (issuer-retained shares to cover taxes), and a pre-planned open-market sale under a 10b5-1 arrangement. That sequence (vest → withholding → sale) is common for net/covered RSU settlements and routine executive liquidity, and should not be read as an explicit statement of sentiment.

Form 4

Period: 2026-02-25

Chief Financial Officer

Transactions

Sale
Common Stock
[F1][F2]
2026-02-25$25.61/sh−4,645$118,958→ 0 total
Exercise/Conversion
Common Stock
[F3]
2026-02-25+3,750→ 3,750 total
Tax Payment
Common Stock
[F4]
2026-02-25$26.70/sh−913$24,377→ 2,837 total
Exercise/Conversion
Restricted Stock Unit (RSU)
[F3][F5]
2026-02-25−3,750→ 26,250 total
Exp: 2027-11-25→ Common Stock (3,750 underlying)

Footnotes (5)

[F1]The sale reported is effected pursuant to a Rule 10b5-1 trading plan adopted by reporting person on May 19, 2025, in order to implement a plan of financial diversification. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
[F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.35 to $25.89 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 (2).
[F3]Restricted stock units convert into common stock on a one-for-one basis.
[F4]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.
[F5]On November 13, 2023, the reporting person was granted 60,000 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on 11/25/24, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.

Signature

/s/ Lauren Welsh as attorney-in-fact for Fawwad Qureshi|2026-02-27

1 file