Qureshi Fawwad 4

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.