RAWLINGS DARRYL 4

What Happened
Darryl Rawlings, a director of Trupanion, reported an "other acquisition" (code J) of 1,359 shares on May 6, 2026. No price or cash consideration is listed — the filing says the shares were delivered to him after a borrower defaulted on a secured loan for which the stock had been pledged as collateral.

Key Details

• Transaction date: May 6, 2026 (reported on Form 4 filed May 8, 2026).
• Transaction type/code: Other acquisition (J). Price: N/A — shares were acquired as collateral following a loan default (no open‑market purchase).
• Shares acquired: 1,359. Total value: not reported.
• Shares owned after transaction: not specified in the provided filing.
• Footnote F1: Rawlings made a secured loan to a third party; after a default on the first installment he demanded delivery of shares attributable to that installment.
• Footnote F2: Corrects prior reporting of a May 7, 2024 purchase — 20,700 shares were bought by Kuyashii Primary Equities LLC (not Rawlings personally), adjusting beneficial ownership records.
• Filing timeliness: Reported within two business days of the transaction (timely).

Context
This was not a routine open-market buy — it reflects enforcement of a loan collateral arrangement (recovery of pledged shares), not necessarily a conventional insider "buy" signal. The F2 note corrects past beneficial‑ownership reporting and does not change the nature of the May 6 acquisition.