Daniel Manges - May 28, 2021 Form 4 Insider Report for Root, Inc. (ROOT)

Signature
/s/ Megan Binkley, Attorney-in-fact
Stock symbol
ROOT
Transactions as of
May 28, 2021
Transactions value $
-$1,320,000
Form type
4
Date filed
6/2/2021, 05:33 PM
Previous filing
May 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Conversion of derivative security +150K 150K May 28, 2021 See footnote F1, F2
transaction ROOT Class A Common Stock Sale -$1.32M -150K -100% $8.80 0 Jun 1, 2021 See footnote F2, F3, F4
holding ROOT Class A Common Stock 287K May 28, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ROOT Class B Common Stock Conversion of derivative security $0 -150K -1.41% $0.00 10.5M May 28, 2021 Class A Common Stock 150K See footnote F1, F2
holding ROOT Class B Common Stock 1.74M May 28, 2021 Class A Common Stock Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F2 The shares are held by the Manges Trust dated January 27, 2016 for which the Reporting Person is a trustee.
F3 The shares were sold pursuant to a 10b5-1 trading plan.
F4 The shares were sold at prices ranging from $8.61 to $9.20. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.