Alexander E. Timm - Apr 1, 2024 Form 4/A Insider Report for Root, Inc. (ROOT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jodi Baker, Attorney-in-fact
Stock symbol
ROOT
Transactions as of
Apr 1, 2024
Transactions value $
-$815,532
Form type
4/A
Date filed
4/3/2024, 06:58 PM
Date Of Original Report
Apr 3, 2024
Previous filing
Feb 5, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROOT Class A Common Stock Tax liability -$215K -3.55K -2.29% $60.52 151K Apr 1, 2024 Direct F1
transaction ROOT Class A Common Stock Award $0 +15.3K +10.14% $0.00 167K Apr 1, 2024 Direct F2
transaction ROOT Class A Common Stock Options Exercise $0 +21K +12.59% $0.00 188K Apr 2, 2024 Direct
transaction ROOT Class A Common Stock Tax liability -$601K -9.68K -5.16% $62.08 178K 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 -21K -10% $0.00 189K Apr 2, 2024 Class A Common Stock 21K Direct F3
* 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 Represents the grant of restricted stock units, one-half of which vest on April 1, 2025 and the remainder vest on April 1, 2026.
F3 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.

Remarks:

This amendment is being filed to amend the Form 4 filed on April 3, 2024, to include footnote 2, which was omitted from the original filing.