Trupanion (TRUP) COO John R. Gallagher Exercises RSUs; Shares Withheld

What happened John R. Gallagher, Chief Operating Officer of Trupanion, converted (exercised) a total of 6,794 restricted stock units (RSUs) into common shares in transactions dated Aug 22 and Aug 25, 2026. To satisfy income tax withholding obligations, 1,651 of those shares were withheld by the issuer (reported as "payment of exercise price or tax liability"), with the withheld shares valued at approximately $52,446 in aggregate. The conversion/derivative entries were reported at $0.00 per share (typical for RSU vesting conversions).

Key details

• Transaction dates: Aug 22, 2026 and Aug 25, 2026; Form filed Aug 26, 2026 (Period of Report: Aug 22, 2026).
• Conversion (code M): 865 + 3,328 + 2,076 + 28 + 452 + 45 = 6,794 RSUs converted to common stock.
• Withholding (code F): 210 + 810 + 505 + 6 + 110 + 10 = 1,651 shares withheld to cover taxes.
• Withholding prices shown: $31.76 and $31.84 per share on the relevant lines; total cash value withheld ≈ $52,446.
• Exercise/conversion lines show $0.00 per share (derivative conversion), which is standard for RSU vesting.
• Shares owned after transaction: not disclosed in this Form 4.
• Notable footnotes: F1/F3–F8 describe the RSU grants and vesting schedules; F2 clarifies the withheld shares were retained by the issuer to satisfy tax withholding and do not represent a sale by the reporting person.

Context These entries reflect RSU vesting/conversion and issuer share-withholding to meet tax obligations (a "cashless" withholding), not open-market sales. For retail investors, this is typically a routine administrative step tied to compensation vesting rather than a directional buy/sell signal. The reporting codes are M = exercise/conversion of a derivative (RSU conversion) and F = payment of exercise price or tax liability (share withholding).