Jonathan Allison - Apr 1, 2024 Form 4 Insider Report for Root, Inc. (ROOT)

Role: Chief Administrative Officer
Signature: /s/ Jodi Baker, Attorney-in-fact
Stock symbol: ROOT
Transactions as of: Apr 1, 2024
Transactions value $: -$401,738
Form type: 4
Date filed: 4/3/2024, 05:06 PM
Previous filing: Mar 20, 2024
Next filing: Apr 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROOT	Class A Common Stock	Tax liability	-$64.5K	-1.07K	-1.41%	$60.52	74.6K	Apr 1, 2024	Direct	F1
transaction	ROOT	Class A Common Stock	Tax liability	-$277K	-4.57K	-6.13%	$60.52	70K	Apr 1, 2024	Direct	F1
transaction	ROOT	Class A Common Stock	Options Exercise	$0	+2.15K	+3.07%	$0.00	72.1K	Apr 2, 2024	Direct
transaction	ROOT	Class A Common Stock	Tax liability	-$60.5K	-974	-1.35%	$62.08	71.2K	Apr 2, 2024	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
transaction	ROOT	Performance-Based Restricted Stock Units	Options Exercise	$0	-2.15K	-10%	$0.00	19.3K	Apr 2, 2024	Class A Common Stock	2.15K		Direct	F2

* 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 Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of ROOT Class A common stock. The PSUs vest in tranches of 2,147 on April 1, 2024; 4,295 on April 1, 2025; 6,442 on April 1, 2026; and 8,589 on April 1, 2027 and upon ROOT Class A common stock achieving a specified price per share over 45 consecutive trading days on or after such date. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.

Content

These shares of common stock were withheld by the Issuer to satisfy tax withholding obligations associated with the vesting of restricted stock units.

Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of ROOT Class A common stock. The PSUs vest in tranches of 2,147 on April 1, 2024; 4,295 on April 1, 2025; 6,442 on April 1, 2026; and 8,589 on April 1, 2027 and upon ROOT Class A common stock achieving a specified price per share over 45 consecutive trading days on or after such date. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.