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TRUPANION, INC.·4

Feb 27, 8:03 PM ET

MCGIBNEY BRENNA 4

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

Research Summary

AI-generated summary of this filing

Updated

Trupanion (TRUP) Chief Admin Officer Brenna McGibney Exercises RSUs

What Happened

  • Brenna McGibney, Chief Administration Officer of Trupanion (TRUP), had restricted stock units (RSUs) convert into common stock on Feb 25, 2026. A total of 646 RSUs converted into shares. The issuer withheld 343 of those shares to satisfy income tax withholding, resulting in a cash withholding of $9,158 (sum of reported withholding payments at $26.70 per share). Net shares added to McGibney’s holdings from this vesting event: 303 shares (646 converted minus 343 withheld).
  • The filing shows multiple derivative conversion/exercise entries (transaction code M) and corresponding tax-withholding dispositions (transaction code F). Some conversion lines are recorded with $0 proceeds to reflect conversion of the RSUs rather than an open-market sale.

Key Details

  • Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (filed within the usual two-business-day window).
  • Conversion totals: 646 RSUs converted into shares (233 + 31 + 17 + 338 + 27).
  • Shares withheld for taxes: 343 shares withheld (124 + 16 + 9 + 180 + 14) at $26.70 per share = $9,158 total cash remitted by issuer.
  • Net new shares received by insider: 303 shares.
  • Footnotes: F1–F7 describe the original RSU grants and vesting schedules; F2 clarifies that withheld shares were used to satisfy tax withholding and do not represent a sale by the insider.
  • Filing timeliness: Not reported as late; filed two days after the vesting date.

Context

  • These were RSU conversions (award vesting), not open-market purchases or sales. The withheld shares are a common "sell-to-cover" (tax withholding) practice and do not necessarily indicate a change in insider sentiment.
  • Transaction codes: M = exercise/conversion of derivative (here, RSUs converting to shares); F = shares withheld to cover tax obligations.

Insider Transaction Report

Form 4
Period: 2026-02-25
TRUPANION, INC.TRUP
MCGIBNEY BRENNA
Chief Administration Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-25+233→ 8,383 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-25$26.70/sh−124$3,311→ 8,259 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-25+31→ 8,290 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-25$26.70/sh−16$427→ 8,274 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-25+17→ 8,291 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-25$26.70/sh−9$240→ 8,282 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-25+338→ 8,620 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-25$26.70/sh−180$4,806→ 8,440 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-25+27→ 8,467 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-25$26.70/sh−14$374→ 8,453 total
  • Exercise/Conversion

    Restricted Stock Unit (RSU)

    [F1][F3]
    2026-02-25−233→ 468 total
    Exp: 2026-08-25→ Common Stock (233 underlying)
  • Exercise/Conversion

    Restricted Stock Unit (RSU)

    [F1][F4]
    2026-02-25−31→ 124 total
    Exp: 2027-02-25→ Common Stock (31 underlying)
  • Exercise/Conversion

    Restricted Stock Unit (RSU)

    [F1][F5]
    2026-02-25−17→ 87 total
    Exp: 2027-05-25→ Common Stock (17 underlying)
  • Exercise/Conversion

    Restricted Stock Unit (RSU)

    [F1][F6]
    2026-02-25−338→ 2,029 total
    Exp: 2027-08-25→ Common Stock (338 underlying)
  • Exercise/Conversion

    Restricted Stock Unit (RSU)

    [F1][F7]
    2026-02-25−27→ 163 total
    Exp: 2027-08-25→ Common Stock (27 underlying)
Footnotes (7)
  • [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]On August 12, 2022, the reporting person was granted 3,738 restricted stock units (RSUs). The RSUs vest and will convert to common stock of the Issuer as to 1/4th of the total shares on August 25, 2023, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
  • [F4]On February 27, 2023, the reporting person was granted 495 restricted stock units (RSUs). The RSUs vest and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
  • [F5]On May 15, 2023, the reporting person was granted 277 restricted stock units (RSUs). The RSUs vested and converted into common stock of the Issuer as to 1/4th of the total shares on May 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
  • [F6]On August 14, 2023, the reporting person was granted 5,410 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
  • [F7]On August 14, 2023, the reporting person was granted 434 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, 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 Brenna McGibney|2026-02-27

Documents

1 file
  • 4
    wk-form4_1772240591.xmlPrimary

    FORM 4