POWELL BRADLEY S 4

What Happened Bradley S. Powell, a director of Trupanion, Inc. (TRUP), was granted 6,563 restricted stock units (RSUs) on May 11, 2026. The RSUs were recorded at $0.00 (standard for equity awards) and are derivative awards that convert into common stock on a one-for-one basis as they vest. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: May 11, 2026; filing date: May 13, 2026 (filed within the normal two-business-day Form 4 window).
• Award: 6,563 RSUs; acquisition price reported as $0.00 (derivative award).
• Vesting: 1/4 of the RSUs vest and convert to common stock on each of Aug 22, 2026; Nov 22, 2026; Feb 22, 2027; and May 22, 2027, subject to continued service through each date.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: RSUs convert into common stock on a one-for-one basis per the filing.

Context RSU grants are common forms of director/executive compensation and do not by themselves indicate buying or selling sentiment. Because these are time-based awards that vest over the next year, they represent potential future dilution when converted to shares as they vest.