Alexander E. Timm - 01 Apr 2024 Form 4 Insider Report for Root, Inc. (ROOT)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Jodi Baker, Attorney-in-fact
Issuer symbol: ROOT
Transactions as of: 01 Apr 2024
Net transactions value: -$815,532
Form type: 4
Filing time: 03 Apr 2024, 17:09:09 UTC
Previous filing: 05 Feb 2024
Next filing: 03 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROOT	Class A Common Stock	Tax liability	$214,846	-3,550	-2.3%	$60.52	151,351	01 Apr 2024	Direct	F1
transaction	ROOT	Class A Common Stock	Award	$0	+15,344	+10%	$0.000000	166,695	01 Apr 2024	Direct
transaction	ROOT	Class A Common Stock	Options Exercise	$0	+20,990	+13%	$0.000000	187,685	02 Apr 2024	Direct
transaction	ROOT	Class A Common Stock	Tax liability	$600,686	-9,676	-5.2%	$62.08	178,009	02 Apr 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	-20,990	-10%	$0.000000	188,906	02 Apr 2024	Class A Common Stock	20,990		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 20,990 on April 1, 2024; 41,979 on April 1, 2025; 62,969 on April 1, 2026; and 83,958 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 20,990 on April 1, 2024; 41,979 on April 1, 2025; 62,969 on April 1, 2026; and 83,958 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.