Alexander E. Timm - Feb 1, 2022 Form 4 Insider Report for Root, Inc. (ROOT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Megan Binkley, Attorney-in-fact
Stock symbol
ROOT
Transactions as of
Feb 1, 2022
Transactions value $
-$85,371
Form type
4
Date filed
2/3/2022, 04:35 PM
Previous filing
Sep 16, 2021
Next filing
May 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Tax liability -$85.4K -40.7K -8.18% $2.10 456K Feb 1, 2022 Direct F1

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
holding ROOT Class B Common Stock 19M Feb 1, 2022 Class A Common Stock 19M Direct F2, F3
holding ROOT Class B Common Stock 194K Feb 1, 2022 Class A Common Stock 194K See footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.
F2 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.
F3 Includes 1,920,935 shares previously reported as held indirectly through the Timm 2020 GRAT, which shares were returned by the GRAT to the Insider on January 14, 2022 in satisfaction of the GRAT's annuity obligation. This return transaction was an exempt change in form of beneficial ownership under Rule 16a-13.
F4 The shares are held by the Timm Descendants Trust for which the Reporting Person's spouse is a trustee.