Tooth Margaret 4

What happened

• Margaret Tooth, CEO and director of Trupanion (TRUP), had restricted stock units (RSUs) convert to common stock on February 25, 2026. A total of 4,516 shares vested (3,266 + 1,250).
• To satisfy tax withholding on the vesting, the issuer withheld 1,776 shares (1,285 + 491) at $26.70 per share, totaling $47,420. The filing notes the withheld shares are for tax remittance and do not represent an open‑market sale by the reporting person.
• Transaction codes: M entries reflect conversion/exercise of derivative awards (RSUs converting to common stock); F entries reflect shares withheld to cover taxes.

Key details

• Transaction date: February 25, 2026; Form 4 filed Feb 27, 2026 (timely).
• Shares vested/converted: 3,266 and 1,250 (total 4,516).
• Shares withheld for taxes: 1,285 @ $26.70 = $34,310; 491 @ $26.70 = $13,110; total withheld = 1,776 shares, $47,420.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: RSUs convert one‑for‑one to common stock. The filing clarifies the withheld shares are for income tax withholding and are not a sale by the reporting person. Grants referenced: 52,250 RSUs granted Feb 28, 2022 (vesting schedule: 1/4 on 2/25/2023 then 1/16 quarterly) and 20,000 RSUs granted Aug 14, 2023 (1/4 on 8/25/2024 then 1/16 quarterly).

Context

• This was a routine vesting and tax‑withholding event (company withheld shares to cover taxes). That withholding is common and does not necessarily signal insider buying or selling intent.
• For clarity: "M" indicates conversion/exercise of a derivative (here, RSUs becoming shares); "F" indicates shares withheld to satisfy tax obligations.