Megan Binkley - 01 Apr 2025 Form 4 Insider Report for Root, Inc. (ROOT)

Role: Chief Financial Officer
Signature: /s/ Jodi Baker, Attorney-in-fact
Issuer symbol: ROOT
Transactions as of: 01 Apr 2025
Net transactions value: -$1,236,875
Form type: 4
Filing time: 03 Apr 2025, 18:03:44 UTC
Previous filing: 05 Feb 2025
Next filing: 20 Feb 2026
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	$1,051,176	-8,174	-12%	$128.60	61,465	01 Apr 2025	Direct	F1
transaction	ROOT	Class A Common Stock	Options Exercise	$0	+3,184	+5.2%	$0.000000	64,649	01 Apr 2025	Direct
transaction	ROOT	Class A Common Stock	Tax liability	$185,698	-1,444	-2.2%	$128.60	63,205	01 Apr 2025	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	-3,184	-22%	$0.000000	11,146	01 Apr 2025	Class A Common Stock	3,184		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 1,592 on April 1, 2024; 3,184 on April 1, 2025; 4,777 on April 1, 2026; and 6,369 on April 1, 2026 and upon ROOT Class A common stock achieving a specified average closing price per share over 45 consecutive trading days on or after such dates. 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 1,592 on April 1, 2024; 3,184 on April 1, 2025; 4,777 on April 1, 2026; and 6,369 on April 1, 2026 and upon ROOT Class A common stock achieving a specified average closing price per share over 45 consecutive trading days on or after such dates. Per share price achievement levels for the four tranches are: $16.76; $25.14; $33.52; and $41.90.