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

Role: Chief Technology Officer, 10%+ Owner
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.